Charlty reglstratlon number., 1170548
Space Science And Engineering Foundation
(A Charitable Incorporated Organlsatlon)
Annual Report and Flnancial Statements
for the Year Ended 31 August 2022

Space Science And Engineering Foundation
Contents
Referen￿ and Administrative Detalls
Trustees, Report
2to3
Statement of Trustees, Re5tK)nsibilities
Independent Examlner's Report
statement of Flnanclal Actlvltles
Bala￿ Sheet
Notes to the Flnanclal Statements
8t017

Space Science And Engineering Foundation
Reference and Administrative Details
ChaÉrman
Jlan He
Trustees
Jlan He
Katherine Helen Ollver
Dr Richard Charles Ghall
Trisha Saxena
Allson Leonle Ahearn
Dr Elizakth Luthman
Senlor Management I
Leadershlp Team
Dr Davld Dangoor, Honorary Presldent
Jennlfer Lyons, Director of Educatlon and Outreach
Charity Registration Number 1170548
Principal Office
London
SW7 2AZ
Independent Examlner
Crane & johnston Ltd
chartered Certlfled Accountant
30-32 Trebarwlth Crescent
Newquay
Cornwall
TR7 IDX
Bankers
HSBC
Covent Garden
16 Klng Street
Covent Garden
London
WC2E 8JF
Page I

Space Science And Engineering Foundation
Trustees, Report
The trustees present the annual rep)rt together wlth the financial statements of the charlty for the
year ended 31 August 2022.
Objectives and activities
Objeds and aims
To broadly support sclence, spa￿, envlronmental and engineering education In the UK, and to
promote these subjects as car*r cholces, To run free-to-enter events that are based on an industry
simulatlon, and are student led, differing substantially from normal school prog¥ammes, To support
the UK spa￿ Deslgn Competltion (UKSDC) and the Envlronmental Design Challenge (EDC) for 15-18
year olds, and tr) alsQ SUPlX)rt Galactic Challenge5 and Ecomeets for 7 -14 year old students. All these
events are carrled out In conjunctton with other schoo15 and unNersities, and we supply judges,
badges, certlflcates and competition materials,
A Natlonal Flnals for the UKSDC Is held annually In March at Imperlal College London for qualifyiFVJ
teams and twelve students, with the SSEF 5upporL will bè selected to travel to the International
Space Settlement Doslgn Competition (ISSDC) held al NASA'S Kennedy Space Center. The charity also
supports the EU Space Design Competition (EUSDC} and MEA (Middle East and Af¥lca) SDC'5 and
selects two further teams to attend the ISSDC In July. In addition the charity and its volunteer5 help
schools run thelr own competltlons purely for educatlonal purposes.
Objectives strategies andactlvitles
Revlew ofActivities
Events took place both onllne and In person, with in excess of 2,000 students taking part. The charity
contlnues to have a balan￿ of state sch(x)Is and private schools, and similarly the gender mix, whlle
variable, is generally equal, A large proportion of our volunteers for the charity are alumni of prevlous
competitions who have gone on to university, and their input is invaluable in keeping the competition
up to d43te with the latest social media, as well as 5uppEying judges, CEO'S and technical assistants for
the runnlng of the regionals, finals and Galactic Challenges. Some events are now fully alumni led,
and thls has enabled us to extend our reach to new venues. Our alumni also provide much of the
Intellectual property for the competitlons.
Thls year the charity supported 14 live events and 10 online ones. 347 individual sLudents were
invited to UK, EU and Africa SDC Flnals, 32 of the 36 students selected to represent their national
teams were able to attend the international finals held at the Kennedy Space Center, with the
remaining 4 participating online,
Page 2

spa￿ Science And Engineering Foundation
Trustees. Report (continued)
Publicbenefit
The trustees confirm that they have referred to the gUIdan￿ contalned In the Charlty Commlsslon
general guldance on public beneflt when reviewlng the charity's alms and obJectlves and In plannlng
future actlvitles and proJerts.
(Xjr maln aciivltles and who we alm to help are ouuined above,
Flnancial review
Total Income for 2022 amounted to E377,316 (£98,135 - 2021), an increase In £279,181, which
relates to the summer GSDC camp being offered by charlty thls year. The total expenditure for 2022
was £214,139 ( £103,536 - 2021) an increase in £110,603 which relates to the summer camp
activities thls year. Overall, the clkiAty had a surplus of £163,177 {£5,401 defldt - 2021) for the year
ending 31 August 2022,
Policyon reserves
The trustees have assessod the major rlsks to whlch the charfty Is exposed, Irh particular those related
to the operations and finaiices and student safety of the charity and are satlsfled that systems are in
pla￿ to mitigate our exposure to the major rtsks.
Structural govemance and management
Nature ofgoverning document
The cha￿ty trustee5 are compllant with the requlrements of the Chadties Act 2011 wlth regard to the
keeplng of accounting records, to the preparatlon alld suutiny of statements of account, alld to the
preparatlon tsf anrnal reports and retums.
Recruitmentandappointment oftrustees
Trustees complete a skllls audlt to Identlfy any gaps that may need to be filled by new trustees. posts
are advertlsed accordlngly.
Inductlon andtrainliig of tmstees
Prospectlve trustees are required to read and compw with all requlrements as lald down by the
Charlty Commisslon Includlng understandlng the Essentlal Requlr
4É,TE￿￿eeS
16/02/2024
¥1 $,.24..U6FM UTC
The annual report wa5 apprtwed by the trustees of the charlty on
behalf by..
and signed on Its
SIGNED
EGURELY
1611212024atl..24.,Q6PMvrc
Katherlne Helen Ollver
TrLfStee
Page 3

Space Science And Engineering Foundation
Statement of Trustees. Responsibilities
The trustees are re5ponslble for preparing the trustees, report and the flnanclal statements In
accordance with United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted
Accountlng Practi￿) and applltable law and I'egulatlons.
The law applicable to charities requires the trustees to prepare flnanclal statements for each financlal
year which give a true and fair view of the state of affairs of the charity and of the incomirKJ
resources and appllcation of resources of the charSty for that period. In preparlng these financial
ststements, the trustees are required to..
select suitable accounting policies and then apply them conslstently;
observe the methods and prlnclples In the Charltles SORP.
make Judgements and estlmates that are reasonable and prudent,.
State whether applicable ￿cOUntIng standard5 have been followed, subject to any material
departures disclosed and explalned In the flnancial statements, and
prepare the financial statements on the going concern basls unless It Is Inapproprlate to p￿SuMe
that the charlty wlll contlnue In buslness.
The trustees are resporslble for keeping proper accounting records that disclose wlth reasonable
accuracy at any tlme the flnandal position of the charlty and enable them to ensure that the flnanclal
statements comply wlth the Char5tles Act 2011, the Charltles (Accounts and Reports) Regulatlons
2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the
assets of the Eh8rlty and hence for taking reasonable steps for the preventlon and detectlon of fraud
and other irregularities.
The trustees are responsible for the malntenantr and Integrity of the corporate and financlal
information included on the charitable campany's website. LegislatlDn governirvJ the preparation and
dissemination of financial statements may dlffer from leg151ation In other jurlsdlctions.
Page 4

Space Science And Engineering Foundation
Independent Examiner's Report to the trustees of Space Science And
Engineering Foundation
I report to the trustees on my examlnation of the accounts of spa￿ scIen￿ And Engineering
Foundation for the year ended 31 August 2022.
Responsibilities and basls of report
As the charlty trustees of Space scien￿ And Englneering FoundatK)n you are responslble for the
preparatlon of the accounts In accordance with the requirements of the Charities Act 2011 ('the Act,).
I report In respect of my examination of the Space scien￿ And Engineering Foundation's accounts
carried out under 5ectlon 145 of the 2011 Act and In carrying out my examlnation I have followed all
the appllcable Dlrectlons given by the Charity Commission under sectlon 145{51(b) of the Act.
Independent examlner's statement
sIn￿ spa￿ Sclence And Engineering Foundation's gross income exceeded £250,000 your examiner
must be a member of a bcdy Ilsl'ed In secl'lon 145 of the 2011 Act. I confirm that I am qualifled to
undertake the examlnatlon because I am a member of Crane & Johnston, which is one of the listed
bodies.
have completed my examination. I conflrm that no material matters have come to my attention in
connectlon wlth the examlnation glvlng me cause to iElieve that in any mal'erial respect:
l. accounting records were not kept In respect of spa￿ Sdentr And Englneering Foundation as
required by section 130 of the Act,. or
2. the accounts do not accord wlth those records; or
3. the accounts do not comply with the accounting requirements Coll￿rnIng the form and content
of accounts set out in the Charities (Accounts and Reports) Regulatlons 2008 other than any
requirement that the accounts give a 'true and fair view, which is not a matter consldered as
part of an independent examination.
I have no COn￿r￿S and have come across no other matters In connectlon wlth the examination to
which attention should be drawn In thls report In order to enable a proper understanding of the
accounts to be reached.
Neil Hallam FCCA
Chartered Certlfled Accountant
Crane & Johnston
30-32 TrebaNSth Crescent
Newquay
Cornwall
TR7 IDX
Page 5

Space Science And Engineering Foundation
Statement of Financial Activities for the Year Ended 31 August 2022
Totsl
2022
Total
2021
Unrestrlcted
Note
Income and Endowments from:
Donations and legacies
Charitable activltles
other income
163,540
213,776
163,540
213,776
97,505
630
Total Income
377 316
Expenditure on:
Charitable actlvities
214 139
214 139
103 536
Total expendlture
Net movement in funds
214 139
214 139
103 536
163,177
163,177
(5,401)
Reconclllatlon of funds
Total fundg brought forward
Total funds carrted forward
17
231485
231485
All of the charlty's actlvltles derlve from contlnulng operatlons durlng the above iwo perlods,
Tre funds breakdown for 2021 is shown in note 17.
The notes on pages 8 to 17 form an Integral part of these flnanclal Statements.
Page 6

Space Sclence And Englneering Foundation
(Registration number 1170548)
Balance Sheet as at 31 August 2022
2022
2021
Note
Flxed assets
Intanglble assets
Tanglble assets
li
12
9,800
9,800
Current assets
Debtors
Cash at bank and In harld
13
14
41,699
210 513
24,558
252,212
79,069
Creditors: Amounts falling due within one year
15
Net current assets
Net assets
231485
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
17
CUREL
16/Tr/y@y4al statements on pages 6 to 17 were approved by the trustees, and authorfsed for Issue on
slgned on their behalf by..
SIG￿D8EcURELy
1610W2024 ￿1..24..£1pII UTC
Katherine Helen Oliver
Trustee
The notes on pages 8 to 17 form an Integral part of these tlnanclal statements,
Page 7

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2022
l Accountlng policies
Statement of compllance
The flnancial statements have been prepared in accordance with the second edition of the Charitie5
statement of Recommended Practke Issued In October 2019, the Financial Reporting Standard
applicable in the United Kingdom Republic of Ireland {FRS 102) and the Charlties Act 2011.
Basis of preparatlon
Space scien￿ And Engineering Foundatlon meets the definltion of a public benefit entity under FRS
102. The accounts (financial statements) have been prepared under the historical cost convention
wlth Items recognised at cost or transactlon value unless Otherw1￿ ststed in the relevant note(s) to
these accounts.
Going concern
The trustees consider that there are no material un￿rtaintieS about the charity'5 ability to continue as
a going COn￿rn.
Income and endowments
Voluntary Incimne Includlng donatlons, glfts, legacie5 and grants that pyovlde core fundlng or are of
general nature Is recognlsed when the charlty has entltlement to the Income, it Is probable that the
Income will be received and the amount can be measured wlth sufflclent reliability.
Donations andlegacies
Donations and legacie5 are recogni5ed on a re￿1vable ba515 when recelpt Is probable and the amount
can be reliably measured.
Grants recelvable
Grants are reccgnised when the charity has an entitlement to the funds and any condltlons linked to
the granl's have been met. Where performall￿ condilions are atlached to the grant and are yet to be
me¢ the income is recognised as a liability and included on the balance sheet as deferred income to
be released.
Charitable actI￿"t105
Charitsb5e expenditure comprlses those costs Incurred by the charity Sn the dellvery of Its actlvltles
and service5 for its beneflciarle5. It Includes both costs that can be allocated dlrectly to such actlvltles
and those costs of an Indlrect nature ne￿$Sary to support them.
Page 8

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2022
{continued)
Expendlture
All expenditure Is recognlsed On￿ there Is a legal or constructlve obllgatlon to that expendlture, it is
probable settlement is requlred and the amount can be measured reliably. All costs are allocated to
the appllcable expenditure heading that aggregate similar costs to that category. Where costs cannot
directly attributed to partlcular headlngs they have been allocated on a basls con51stent wilh the
use of resources, with central staff costs allocated on the basls of time spent, and depreciation
charges allocated on the rK)rtk)n of the asset's use. Other support costs are allocated based on the
spread of staff costs.
Governance costs
These Include the costs attributable to the charity's compliance wlth constltutlonal and statutory
requirements, inclLfding independent examlnation, strategSc management and trustees meetlngs and
reimbursed expenses.
Government grants
Government grants are recogni5ed based on the accrual model and are measured at the falr value of
the asset received or re￿1Vable. Grants are classified as relatlng elther to revenue or to a55els.
Grants relating to revenue are recognlsed In income over the period in which the related costs are
recognlsed. Grants relating to assets are recognised over the expected useful life of the asset. Where
part of a grant relatlng to an asset is deferred, it is recogni5ed as deferred income.
Taxation
The charlty Is consldered to pass the tests set out irb Paragraph I Schedule 6 of the Flnance Act 2010
and therefore It moets the deflnltlon of a charlty ft)r UK cortx)ration tax purposes. Accordlngly, the
charity Is potentially exempt from taxation In reswt of Income or capltal galns receNed within
categorles covered by chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the
Taxation of Chargeable Galns Act 1992, to the extent that such income or gains are applied
excluslvely to charitable purposes,
Intanglble assets
Intangible assets are stated In the Balance Sheet at cost less accumulated amorti5ation and
impairment. They are amortised on a straight line basis over thelr estlmated useful lives,
TangÈble fixed assets
Indivldual flxed assets costlng £250.00 or more are Inltlally recorded at cost, less any subsequent
accumulated depreclation and subsequent accumulated Impalrment losses.
Depreclatlon and amortlsatlon
Depreciation is provided on tsngib5e fixed assets 50 as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows:
Asset clas$
Office Equipment
Depreclatlon method and rate
200h Reducing Balan
Page 9

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2022
(continued)
Cash and cash equivalents
Cash and cash equivalents comprlse cash on hand and call dep051ts, and other short-term hlghly
liquid investments that are readily convertlble to a known amount of cash and are subject io an
Inslgnlficant risk of change In value.
Trade credltors
are obllgations to pay for go(Kis or servlces that have been acqulred In ordlnary course of
buslne5s from suppllers. Accounts payable are classlfled as current Ilablllties If the does not have an
unconditlonal right, at the end of the reporting perlod, to defer settlement of the credltor for at least
iwelve months after the reporting date. If there Is an unconditional right to defer settlement for at
least twelve months after the reportlng date, they are presented as non-current liabllltles.
re recognlsed Inltialty at the transactlon pr1￿ and subsequently measured at amortlsed cost uslng
the effective Interest meth(xJ,
Fund structure
Unrestricted income funds are general funds that are avallable for use at the trustees dlscretion In
furtheran￿ of the objectlves of the charity,
Penslons and other post retlrement obllgatlons
The charity ope¥ates a defined contribution penslon sC￿me whlch Is a pension plan under which
flxed contrlbutions are paid Into a penslon fund and the charity has no legal or constructive obligation
to pay further contributions even if the fund does not hold sufficient assets to pay all employees the
benefits relating to employee servlce in the current and prior periocjs.
Contributions to defined contrlbutSon plans are recognised In the Statement of Flnanclal Actlvities
when they are due. If contribution payments exceed the contribution due for 5eNice, the ex￿5 Is
recognised as a prepayment.
Financial instyuments
Classification
Financial assets al￿ financial Ilabilltles are recognlsed when the charlty becomes a party to the
contractual prov1s1o￿5 of the instrument,
Financial liabilitEs and equlty Instruments are classlfled accordlng to the substance of the contractual
arrangements entered Into. An equlty Instrument Is any contract that evidences a resldual interest In
the assets of the charlty after deductlng all of Its Ilabllltles.
Page 10

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2022
(continued)
Recognition andmeasurement
All flnancial assets and liabilitles are inltially measured at tran5actlon prlce (including transactlon
Costs), except for those financial assets classifled as al fair value through profit or Ios5, which are
initlally measured at fair value (whKh is normally the transaction pri￿ excluding transaction costs),
unless the arrangement constitutes a financing transactlon, If an arrangement constitutes a financlng
transactlon, the financial asset or financlal Ilablllty 15 measured at the present value of the fu￿re
payments discounted at a market rate of interest for a slmilar debt Instrument.
Financlal assets and liabilities are only offset In the statement of financial position when, and only
when there exists a legally enfor￿able rlght to set off the recogni5ed amounts and the charlty
Intends either to settle on a net basis, or to reallse the asset and Settle the liabillty simultaneously.
Flnancial assets are derecognised when and only when a) the contractual rights to the cash flows
from the flnancial asset expire or are settled, b) the charlty transfers to another party substantially all
of the risks and rewards of ownershlp of the financlal asseL Of c) the charity, despite having retained
some, but not all, significant risks and reward5 of ownership, has transferred control of the asset to
another party.
Financlal liab115tles are derecognised only when the obllgatlon spedfted In the contract is discharged,
cancelled or expires.
2 Income from donations and legaaes
Unrestrlcted
funds
General
Total
funds
Donations and legacies,.
Donations from indivlduals
Grants, Including capital grants,.
Grants from other charitles
153,540
153,540
Total for 2022
163 540
163 540
Total for 2021
3 Income from charitable activitles
Unrestrlcted
fund$
General
Total
funds
Global Spatr Design Challenge
213 776
213 776
Total for 2022
213 776
213 776
Page 11

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2022
(continued)
4 Expenditure on charltable actlvltles
Vnrestrlcted
funds
General
Total
funds
Note
staff welfare
Rent
Insuran
Telephone and fax
Computer sofLware and main￿anTr costs
Prlntlngi Postage and stationery
Trade subscrlptlons
Sundry expenses
Travel and subslstence
Hotel accommodation
Advertising
Lecturer fees
Management fees
Legal and professional fees
Bank charges
Depreciatlon of Offl￿ equipment
Staff cost5
Governan￿ costs
iii
24,789
353
iii
24,789
353
1,068
929
203
124
1,068
929
203
124
79
19,663
6,159
694
55,962
18,700
383
79
19,663
6,159
694
55,962
18,700
383
61
61
255
80,283
255
80,283
Totsl for 2022
214 139
214 139
Total for 2021
103 536
103 536
Page 12

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2022
(continued)
5 Analysis of governance and support Costs
Governance costs
Unrestricted
funds
General
Total
funds
Independent examlner fees
Examination of the financlal statements
Other fees pald to examiners
1,250
1,250
Total for 2022
Total for 2021
6 Net Incomingloutgoillg resources
Net incomingl(outgolng) resources for the year include:
2022
2021
Depreciatlon of flxed assets
255
7 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees..
Katherine Helen Ollver
Katherlne Helen Oliver recelved remuneratlon of £2,700 (2021.. £Nil) durlng the year.
Supply of se¥vkes as a computer consultant.
No trustees have recelved any reimbursed expenses or any other beneflts from the charlty during the
year.
Page 13

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2022
(continued)
8 Stsff costs
The aggregate payroll costs were as follows..
2022
2021
staff costs durlng the year were:
Wages and salaries
Soclal security costs
Pension costs
76,893
1,541
55,421
1,292
The monthly average number of persons (Includlng senior management I leadership team) employed
by the charlty during the year expressed as full tlme equivalents was as ft)Ilows',
2022
No
2021
No
Average number of employees durlng the year
No employee r￿1Ved emoluments of more than £60,000 during the year
9 Independent examlner's remuneratlon
2022
2021
Examination of the financlal staterrEnts
720
other fee5 to examlners
All other serv1￿$
IOTaxation
The charlty is a reglstered charity and Is therefore exempt from taxation.
Page 14

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2022
(continued)
11 Intangible fixed assets
other
Intangible
asset
Total
Cost
At I September 2021
At 31 August 2022
9,800
9,800
Amortisatlon
At 31 August 2022
Net book value
At 31 August 2022
At 31 August 2021
12Tangible flxed assets
Furniture
and
equipment
Total
Addltlons
At 31 August 2022
Depreciatlon
Charge for the year
At 31 Altgust 2022
255
255
255
255
Net book value
At 31 August 2022
13 Debtors
2022
2021
other debtors
Page 15

Space scien￿ And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2022
(continued)
14Cash and cash equlvalents
2022
2021
Cash at bank
210 513
15 Credltors.. amounts falllng due wlthln one year
2022
2021
Trade credltors
Other taxatlon and 50clal securlty
other credltors
Accruals
254
8,606
19,436
(240)
7,639
12,444
720
16 Pension and other schemes
Defined contrlbutlon penslon sdleme
The charity operates a defined contribution penslon scheme. The penslon c05t charge for the year
represents contributions payable by the charity to the scheme and amounted to £1,849 (2021
El,356).
17Funds
Balance at i
September
2021
Balance at
31 August
2022
Incomlng
resources
Resources
expended
Unrestrlcted funds
General
377 316
214 139
231485
Balance at i
September
2020
Balance at
31 August
2021
Incomlng
resources
Resources
expended
Unrestricted funds
General
98 135
103 536
Page 16

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2022
(continued)
18Analysis of net assets between funds
Unrestricted
funds
General
Total funds
at 31 August
2022
Intanglble fixed assets
Tanglble fixed assets
Current a￿etS
Current liabilities
9,800
1,019
252,212
9,800
1,019
252,212
Total net assets
231485
231485
Unrestrlcted Total funds
funds
at 31 August
General
2021
Intangible fixed assets
Current asset5
Current liabilities
9,80C)
9,800
li
79,069
79,069
Total net assets
19 Controlllng Entity
The trustees of the Charlty have day to day control over actIvit￿5.
However, they are subject ta the declsions taken by members at general meetlng5. There are
currently 300 volunteer members.
Page 17