Charity registration number: 1170548
Space Science And Engineering Foundation
(A Charltable Incorporated Organlsatlon)
Annual Report and Flnanclal Statements
for the Year Ended 31 August 2024

Space Science And Engineering Foundation
Contents
Reference and Adminlstratlve Details
Trustees, Report
2to5
Statement of Trustees, Responslbilities
Independent Examlner's Report
statement of Flnanclal Activities
Balan￿ Sheet
Notes to the Financlal Statements
ioto20

Space Science And Engineering Foundation
Reference and Administrative Details
Chalrman
Shayne Shaneelsingh Beegadhur
Chlef Executive Officer
Jenny Lyons
Trustees
Katherine Helen Ollver
Dr Rlchard Charles Ghall
Dr Ellzabeth Luthman
Shayne Shaneelslngh Beegadhur
Louls John Lyle
Dr Wllllam Jeremy Curtls
Adam Braithwaite
Senlor Management I
Leadership Team
Dr David Dangoor, Honorary Presldent
Jennlfer Lyons, Dlrector of Education and Outreach
Charlty Registration Number 1170548
Princlpal Offlce
London
SW7 2AZ
Independent Examlner
Crane & Johnston
30-32 TrebaThvith cre￿nt
Newquay
Cornwall
TR7 IDX
Bankers
HSBC
Covent Garden
16 King Street
Covent Garden
London
WC2E 8JF
Page I

Space Science And Engineering Foundation
Trustees, Report
The trustees present the annual re￿rt together with the financlal statements of the charity for the
year ended 31 August 2024.
The flnanclal statements have been prepared in accordance with the accountlng policies set out In
note I to the flnanclal statements and comply with the Charity's Trust deed, the Charitles Act 2011
and Accountlng and Reporting by Charities: Statement of Recommended Practice appllcable to
charltles preparlng thelr accounts In accordan￿ with the Financlal Reportlng Standard appllcable in
the UK and Republlc of Ireland (FRS 102).
Objectives and activities
Objects and aims
The official objectlves of the SSEF are listed on the Charity Commlsslon's webslte as
"TO ADVANCE THE EDUCATION OF UK SECONDARY SCHOOL STUDENTS ON THE SUBJE￿5 OF
SPACE SCIENCE AND ENGINEERING AND TO PROMOTE INTERACTION WITH ￿UDENTs FROM
OTHER SCHOOLS WITHIN THE UK AND WORLDWIDE.,
In pract5￿, we take a broad Interpretatlon of the objectlves, including impllclt aspects (such as the
relatlonshlp of STEM outreach with careers awareness), wholly In the servlce of multidlsciplinary
srEM outreach, In the modern approach to ￿EM. Accordingly, we can say that the objectives are as
stated on the website, Interpreted to mean that SSEF'S objectives are:
To broadly support sclence, spa￿, envlronmental and englneering educatlon In the UK, and to
promote these, and adjacent, subjects as career Chol￿5.
To run events wlthln the UK that are free-to-enter, and to promote andlor enable events elsewhere In
the world, that are based on an Industry simulatlon, Involvlng student-led deslgn flrms of signlflcant
slze, collaboratlng to fulfil the complex requlrements of a cllent, and thus dlfferlng substantlally from
normal school programmes In the nature of the experIen￿, and the galn In self-cOnflden￿ as a
worker contributlng to the deslgn of solutions, for a dknt, using STEM.
To support the UK Space Design Competitlon (UKSDC), the Environmental Design Challenge (EDC) for
15-18 year olds, and to also support Galactlc Challenges and its envlronmental equlvalent (ECom￿t>
for 7 -14 year old students. The junior events are a necessary early engagement wlth schools and
students, to create a conduit for the secondary school actlvlty whlch is the domlnant expllcit
objectlve. Junior events frequently rely on secondary school involvement, either as host5, suppllers of
rnentors or In Jolnt primary school-secondary school events.
Page 2

Space Science And Engineering Foundation
Trustees, Report (continued)
Objectlves strategies and activities
REVIEWOFAC77V171ES
The dominant approach to our Industry simulatk)n events is to bring students from different schools
together. so that the industry simulatlons are carried out In conjunction with other schools. It Is
possible for a school to run its own In-house, non-competition event as a type of tralnlng, or junior
recrultment exercise: these wlll be labelled Galactic Challenge,. Typlcally, UK space competitlon
events or environmental challenge events are held at a local (regional) universlty as a venue and to
promote the Idea that universitles see the actSvity, the SSEF and the students as worthy of support
(in-klnd) from the university. SSEF supplies Judges, badges, certlficates and competltlon,Ichallenge
materials, free of charge to UK events held withln the school year. Many materials are freely avallable
via the SSEPS UKSDC website or EDC website, under competitionlchallenge resources.
The dominant actlvlty of the SSEF remalns the UK spa￿ t)eslgn Competitlon, which uses regional
heats (at universitles and elsewhere) to identlfy student (winners) who can partlclpant In the UK'S
Natlonal Flnals for the UKSDC, wh5ch Is held annually In March, at Imperlal College London's South
Kenslngton campus, usually in bulldlngs wlthin the Englneerlng Faculty, where capacity permits. More
than 1000 UK students partlclpate in reglonal heats. More than 250 particlpate In the UKSDC natlonal
flnals, In person. Dozen5 to hundreds more can partlclpate in Galactlc Challenge events and EDC
events, which do not feed into a system of 'finals' and 'lnternational finals, but constitute standalone
industry experlences.
From the UKSDC National Flnals, we select twelve students who, with the SSEF support, wlll travel to
the International Space Settlement Deslgn Competitlon (ISSDC) held at NASA'S Kennedy Space
Center in July each year. In 2024, the SSEF sent to NASA four teams, being a team from the UK, from
the EU, from Afrlca and a fourth GSDC team.
Thus It can be seen that the charity also supports the EU Space Deslgn Competltion (EUSDC) and
AFSDC ( Afrlca SDC),
In further detall, the UKSDC activities Included continulng with competitlons In Cardiff, Eastbourne,
Exeter, Glasgow, Liverp￿1, London (two venues), Oxford, York, and Glasgow. A digital event was
also offered for those who could not attend an In person event. The charlty continues to have a
balance of state schools and prlvate schools, and similarly the gender mix is generally equal. A large
proportlon of our volunteers for the charity are alumnl of previous competltions who have gone on to
universlty and Industryi and ttrElr Input is invaluable in k￿ping the competltlon up to date wlth the
latest social medla, as well as supplylng Judges and volunteers to roleplay being "the student deslgn
company's CEO'S" for the running of our events. Some events are now fully volunteer-alumni-led, and
thls has enabled us to extend our reach to new venues. An important benefit from our large pool of
volunteers Is that our alumnl also provide much of the Intellectual Ideas for the technical 'challenge'
offered to students at our events.
Page 3

Space Science And Engineering Foundation
Trustees, Report (continued)
Public benefit
The trustees confirm that they have referred to the gUIdan￿ contained in the Charity Commission
general guldance on public benefit when reviewing the charlty's alms and objectives and in plannlng
future activities and projects, and are In the process of trylng to write a clearer more expllclt set of
objectives.
Our maln activities and those whom we alm to help are outllned above.
Nature of Governlng Document: the governlng document remains as last year, but updatlng of it Is
being actlvely discussed by the Board of Trustees. Multiple trustee meetings have Included
dlscussions of It.
Accountlng records, accounts, annual reports and retums, register rna1ntenan￿ are uslng the same
compliance approaches as last year, but the Board of Trustees has started a revlew and update
process and Is explicltly dedicating sectlons of Trustee meetings to belng In the mode of 'Audlt and
Risk, Subcommlttee, A Development Commlttee Is In the plannlrg stages. By keeplng minutes
'separated' for these aspects, the aim is to create greater transparency as we upgrade and modernise
our practice of governance. The charlty trustees are compliant with the requlrements of the Charities
Act 2011 wlth regard to the keeplng of accountlng records, to the preparation and scrutiny of
statements of account, and to the preparation of annual reports and returns. Recrultment and
appoSntment of Trustees: The Board of Trustees has revlewed the current sltuation whlch Is compliant
wlth the governing document, but last year Inltiated a skills audlt to Identlfy strengths and any gaps
that may need to be fllled by new trustees. A strategy document has been drafted for approval by the
Trustees, ahead of efforts to recrult Trustees to the sk1115 gap. We note that we have alumni of the
competltlon volunteerlng to become trustees, but our fcrus will be on recruiting for skllls and
experlence of governance,
Inductlon and trainlng of Trustees: The Trustees agreed to, and partlcipate In, a pattern of starting
meetings wlth a pre-meetlng viewlng of a tralnlng video from the Charity Commlsslon website with
guSdance for trustees. Where a video Is not available, a paper summarlslng key Infomatlon on a
toplc, together wlth the Ilnks to the relevant guidance page on the Charlty Commission webslte, Is
Included In the Board papers for a meetlngi SO that all trustees are bulldlng 5hared-awareness of
particular toplcs that the Chalrman and CEO have Identlfled as helpful ahead of discusslons on
modernlsing governance. Prospectlve trustees are required to read and comply wlth all requirements,
when identlfied.
Financlal review
Total Income for 2024 amountaj to £313,821 (£332,093 2023), a decrease of £18,272, whlch
malnly relates to a decrease In Donations & Grants and an increase to the summer GSDC camp belng
offered by the charlty. The total expenditure for 2024 was £331,902 (£328,595 2023) an increase of
£3,307. Overall, the charity had a deficit of £18,081 (surplus £3,498 2023) for the year ending 31
August 2024
Policy on reserves
The trustees have assessed the major risks to which the charity is exposed, in partlcular those related
to the operations and finances and student safety of the charity and are satlsfled that systems are in
place to mitigate our exposure to the major risks.
Page 4

Space Science And Engineering Foundation
Trustees, Report (continued)
structurei governance and management
Constltution
The SSEF Is a Charitable Incorporated Organisation (CIO) whlch was Incorporated on 5 Detrmber
2016 under number 1170548.
Previously It was a charitable trust governed by a Tnjst Deed dated 10 February 2011. This charity's
reglstered number was 1142329, and The Charlty Commission now records its status as a "removed
charity"
The assets and liabilities of the previous charitable twst moved across to the CIO durlng the year
ended 31 August 2019.
Detalls of the trustees who served throughout the year are Included In the Reference and
Admlnistrative Details on page l.
Nature ofgovernlng document
The charlty trustees are compliant wlth the requirements of the Charitles Act 2011 wlth regard to the
keeplng of accountlng records, to the preparatlon and scrutlny of statements of account, and to the
preparation of annual reports and returns.
Recrultmeiit andappolntment of trustees
Trustees complete a skllls audit to Identlfy any gaps that may need to be filled by new trustee51 posts
are advertlsed accordingly,
Inductlon and tralnlng of trustees
Prospective trustees are required to read and comply with all requirements as laid down by the
Charlty Commlsslon includlng understanding the Essential R￿UIrements of Trustees
Volunteers
We are grateful for the tlme glven voluntarily In supwrt of our work. Thls Includes support from our
trustees and our members.
SIGNFD 8E¢iIRELY
30/06/2025
1010611Q29ai 0'.2$..34 AM UTC
The annual report was approved by the trustees of the charlty on
behalf by:
and slgned on Its
B￿NE0$E¢1jBEly
81202
at8..23..$4 AM UTC
Shayne Shaneelslngh Beegadhur
Chalrman and trustee
Page 5

Space Science And Engineering Foundation
Statement of Trustees, Responsibilities
The trustees a￿ responsible for preparing the trustees, report and the flnanclal statements In
accordance with the Unlted Klngdom Accounting Standards (United Klngdom Generally Accepted
Accountlng Practice) and applicable law and regulations.
The law appllcable to charlties requires the trustees to prepare financial statements for each fSnancial
year which glve a true and falr view of the state of affairs of the charity and of the Incoming
resources and application of resour￿$ of the charity for that perlod. In preparing these financlal
statements, the trustees are requlred to:
select sultable accountlng polic5es and then apply them consistentlyi
obseNe the methods and prlnciples in the Charitie5 SORP.
make judgements and estlmates that are reasonable and prudent.
state whether appllcable accountlng standards have been followed, subject to any materlal
departures disclosed and explained in the flnanclal statements,, and
prepare the financial statements on the golng concern basls unless it Is Inapproprlate to presume
that the charlty wlll contlnue in business.
The trustees are responsible for keeplng proper accounting records that disclose wlth reasonable
accuracy at any tlme the flnancial posltlon of the charity and enable them to ensure that the flnancial
statements comply with the Charltles Act 2011, the Charlties (Accounts and Reports) Regulations
2008, and the provlslons of the constltutlon. The trustees are also responslble for safeguardlng the
assets of the charlty and hen￿ for taklng reasonable steps for the preventlon and detectlon of fraud
and other Irregularltles.
The trustees are responslble for the MaIntenan￿ and Integrlty of the corporate ar¢d flnancial
informatlon Included on the charltable company's website. Legislatlon governing the preparation and
dissemlnatlon of financlal statements may differ from legislatlon In other jurisdlctlons.
Page 6

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 examlnatlon of the flnancial statements of Space Sclence And
Engineering Foundation for the year ended 31 August 2024.
Responsiblllties and basls of report
As the charlty trustees of Space Science And Engineering Foundation you are responsible for the
preparation of the flnanclal statements In accordance wlth the requirements of the charl￿e5 Act 2011
{'the Act,).
I report in respect of my examinatlon of the spa￿ scIen￿ And Englneering Foundatlon's flnancial
statements carrled out under section 145 of the 2011 Act and in carrylng out my examinatlon I have
followed all the applicable Dlrections given by the Charity Commission under section 145(5)(b) of the
Act.
I draw to your attentlon that the firm at whhch I am a Partner provides bookkeeping services to the
charity. We have complied with the FRC'S Revlsed Ethical Standard In thls regard.
Independent examiner's statement
Slnce Space Sclence And Englneerlng Foundatlon's gross income exceeded £250,000 your examlner
must be a member of a b￿Y listed In sectlon 145 of the 2011 Act. I conflrm that I am qualified to
undertake the examlnatlon because I am a member of Chartered Certlfled Accountants, which is one
of the listed bodles,
I have completed my examinatlon. I confirm that no material matters have come to my attentlon In
connectlon with the examlnation givlng me cause to belleve that in any materlal respect:
l. accountlng records were not kept In respect of Space Science And Englneerlng Foundatlon as
requlred by sectlon 130 of the Act,. or
2, the financlal statements do not accord wlth those records. or
3, the flnancial statements do not comply with the accountlng requirements concernlng the form
and content of flnanclal statements set out in the Charitle5 (Accounts and Reports) Regulations
2008 other than any requlrement that the financia5 statements give a 'true and fair view, which
Is not a matter consldered as part of an independent examinatlon.
I have no concerns and have come across no other matters in connectlon wlth the examlnatlon to
which attention should be drawn in this report In order to enable a proper understandlng of the
financlal statements to be reached,
Nell Hallam FCCA
Crane & Johnston
Chartered Certified Accountsnts
30-32 Trebarwith Crescent
Newquay
Cornwall
TR7 IDX
Date:,.
Page 7

Space Science And Engineering Foundation
Statement of Financial Activities for the Year Ended 31 August 2024
Total
2023
Total
2024
Unrestrlcted
Note
Income and Endowments from:
Donations and legacies
Charltable activltles
Investment Income
44,465
267,675
44,465
267,675
104,162
227,378
553
Total Income
313 821
313 821
332 093
Expenditure on:
Charltable activltles
332 102
332 102
328 595
Total expenditure
Net movement in funds
332 102
332 102
328 595
(18,281)
(18,281)
3,498
Reconciliatlon of funds
Total funds brought forward
Total funds carrled forward
234 983
234 983
231485
18
216 702
216 702
234 983
All of the charlty's activitles derive from contlnulng operatlons during the above two periods.
The funds breakdown for 2023 Is shown In note 18,
The notes on pages 10 to 20 form an integral part of these flnanclal statements.
Page 8

Space Science And Engineering Foundation
(Registration number: 1170548)
Balance Sheet as at 31 August 2024
2024
2023
Note
Flxed assets
Intanglble assets
Tangible assets
12
13
9,800
9,800
Current assets
Debtors
Cash at bank and In hand
14
15
42,948
183 247
43,280
208 628
226,195
251,908
Credltors: Amounts falllng due withln one year
16
Net current assets
202 224
222 532
Net assets
216 702
234 983
Funds of the charlty:
Unrestrlcted Income funts
Unreslricted funds
216 702
234 983
Total funds
18
216 702
234 983
The flnanclal statements on pages 8 to 20 were approved by the trustees, and authorised for Issue on
SIWEO 8EfAJReLand slgned on theSr behalf by:
30/06/2025
3QIO612425•L 8.'23'.31 AM UTC
SIGNeD SF.CURELY
61202
OLI'.23'.34 AM ITrYC
Shayne Shaneelsingh Beegadhur
Chalrman and trustee
The notes on pages 10 to 20 form an integral part of these financral statenients.
Page 9

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
l Accountlng pollcles
statement of compliance
The flnanclal statements have been prepared in accordance with the second edition of the Charltles
statement of Recommended Practlce issued In October 2019, the Financlal Reporting Standard
applicable in the Unlted Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparatlon
Space Sclence And Englneerlng Foundation meets the definition of a public beneflt entlty under FRS
102. The flnancial statements have been prepared under the historical cost convention wlth Items
recognised at cost or transaction value unless otherwlse stated In the relevant nole(s) to these
accounts.
Golng concern
At the tlme of approvlng the financlal statements, the trustees have a reasonable expectatlon that the
charity has adequate resources to contlnue In operatlonal existence for the foreseeable future. Thus,
the trustees continue to adopt the going con￿rn basis of accounting in preparlng the financlal
statements.
Income and endowments
Voluntary Income includlng donations, glfts, legacles and grants that provide core funding or are of a
general nature is recognlsed when the charity has entitlement to the Income, It is probable that the
Income will be received and the amount can be measured with sufflclent reliabS11ty.
Donatlons andlegades
Donations and legacies are recognised on a re￿1vable basis when recelpt is probable and the amount
can be rellably measured.
Grants rece/vable
Grants are recognlsed when the charity has an entltlement to the funds and any condltions linked to
the grants have been met. Where performance condltlons are attached to the grant and are yet to be
met, the Income Is recognlsed as a 1Sabllity and Included on the balan￿ Sheet as deferred Income to
be released.
Investment Income
Divldends are recognlsed On￿ the divKlend has been declared and notlfication has been recelved of
the divldend due.
Charitable artlvlties
Charltable expendlture coMpri￿S those costs incurred by the charlty in the delSvery of its activltles
and services for its beneficiaries. It Includes both costs that can be allocated dlrectly to such actlvlties
and those costs of an Indirect nature netrssary to support them.
Page 10

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
Expenditure
All expenditure Is recognlsed On￿ there Is a legal or constructlve obligation to that expenditure, It Is
probable settlement Is required and the amount can be measured rellably. All costs are allocated to
the applicable expenditure heading that aggregate slmilar costs to that category, Where costs cannot
be directly attrlbuted to particular headlngs they have been allocated on a basis conslstent with the
use of resources, with central staff costs allocated on the basls of time spent, and depreclatlon
charges allocated on the portlon of the asset's use. Other support costs are allocated based on the
spread of staff costs.
Governance costs
These Include the costs attrlbutable to the charlty's compliance wlth constitutional and statutory
requirements, Includlng independent examlnation, strateghc management and trustees meetlngs and
relmbursed expen5e5,
Taxatlon
The charlty Is consldered to pass the tests set out In Paragraph I Schedule 6 of the Finance Act 2010
and therefore It meets the deflnitlon of a charity for UK corporation tax purposes. Accordlnglyi the
charlty Is potentially exempt from taxation In respect of Income or capltal galns receSved withln
categories covered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Sectlon 256 of the
Taxatlon of Chargeable Gains Act 1992, to the extent that such income or galns are applied
excluslvely to charitable purposes.
Intangible assets
Intangible assets are stated In the Balance Sh￿t at cost less accumulated amortlsation and
impaSrment. They are amortised on a straight Ilne basis over thelr estlmated useful lives.
Tanglble flxed assets
Indlvldual fixed assets costing É250.00 or more are initially recorded at cost.
Depreclatlon and amortlsatlon
Depreciation is provided on tanglble flxed assets 50 as to write off the cost or valuatlon, less any
estlmated residual value, over thelr expected useful economlc Ilfe as follows..
Depreciation method and rate
20% Reduclng Balan
Asset class
Office Equipment
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposlts, and other short-term hlghly
liquid Investments that are readily convertible to a known amount of cash and are subject to an
inslgnlficant risk of change In value.
Page 11

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
Trade credltors
Trade creditors are obllgatlons to pay for gocKls or seFvice5 that have been acquired Sn the ordlnary
course of business from suppllers. Accounts payable are classified as current Ilabllities if the d￿5 not
have an uncondltional right, at the end of the reporting period, to defer settlement of the credltor for
at least Iwelve months after the reportlng date. If there is an unconditlonal right to defer settlement
for at least ￿e1ve months after the reportlng date, they are presented as non-current liabS1ities.
Trade creditors are recogn15ed 5nltlally at the transacuon pritr and subsequently measured at
amortised cost uslng the effectlve interest method,
Fund structure
Unrestrlcted Income funds are general funds that are available for use at the trustees dlscretlon In
furtheran￿ of the objectives of the charlty.
Penslons and other post retlrement obligations
The charlty operates a deflned contribution pen￿on scheme whlch Is a penslon plan under whlch
fixed contrlbutlons are pald Into a penslon fund and the charlty has no legal or constructlve obllgation
to pay further contrlbutions even If the fund does not hold sufflclent assets to pay all employees the
beneflts relatlng to employ* ￿rVIce in the current and prlor perlods.
Contributlons to defined contrlbutlon plans are recognised In the Statement of Flnancial Actlvltles
when they are due. If contrlbutlon payments exceed the contributlon due for servi￿, the excess15
recognlsed as a prepayment.
Flnanclal Instruments
Classlflcation
Flnancial assets and financla5 Ilabllltles are recognlsed when the charity becomes a party to the
contractual provlslons of the Instrument.
Flnanclal liabilitles and equlty Instruments are dasslfled according to the substance of the contractual
arrangements entered into. An equity Instrument Is any contract that evidences a residual interest In
the assets of the charlty after deducting all of its liabilitles.
Page 12

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
Recognltlon and measurement
All financial assets and Ilabllltles are initially measured at tran5actlon price (incltidlng transactlon
costs), except for those financial assets classified as at faSr value through proflt or loss, which are
initially measured at falr value (which is normally the transaction pri￿ excluding transaction costs),
unless the arrangement constitutes a financing transattion. If an arrangement constitutes a financlng
transactlon, the financlal a￿et or financlal liability is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financlal assets and liablllties are only offset in the statement of financlal positlon when, and only
when there exlsts a legally enforceable right to set off the recognised amounts and the charlty
Intends elther to settle on a net basis, or to realise the asset and settle the Ilability slmultaneously.
Flnanclal assets are derecognSsed when and only when a) the contractual rlghts to the cash flows
from the flnancial asset expire or are settled, b) the charity transfers to another party substantlally all
of the rlsks and rewards of ownershlp of the financlal asset, or c) the charlty, despite havlng retained
some, but not all, slgnificant rlsks and rewards of ownershlp, has transferred control of the asset to
another party.
Flnancial Ilabllltles are derecognised only when the obllgation speclfled In the contract Is dlscharged,
cancelled or expires.
2 Income from donations and legacies
Unrestricted
funds
General
Total
funds
Donatlons and legacles.
Donatlons from indlvlduals
Total for 2024
Total for 2023
104 162
3 Income from charitable activitles
Unrestricted
funds
General
Total
funds
GSobal spa￿ Deslgn Challenge
Merchandise
267,008
667
267,008
667
Total for 2024
267 675
267 675
Total for 2023
227 378
227 378
Page 13

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
4 Investment income
Unrestricted
funds
General
Total
funds
Interest recelvable and simllar income.
Interest receivable on bank deposlts
Total for 2024
Total for 2023
553
553
5 Expenditure on charitsble actlvltles
Unrestricted
funds
General
Total
funds
Note
Purchases
Staff training
staff welfare
Insurance
Telephone and fax
Computer software and Maintenan￿ costs
Printingi Postage and statlonery
Trade subscriptions
Travel and subsSstence
Hotel accommodation
Advertising
Lecturer fees
Legal and professlonal fees
Bank charges
Depreclation of office equipment
Staff costs
Governance costs
4,433
463
43
1,279
1,378
6,765
2,825
244
46,851
32,353
123
42,859
4,116
277
1,170
180,392
4,433
463
43
1,279
1,378
6,765
2,825
244
46,851
32,353
123
42,859
4,116
277
1,170
180,392
Total for 2024
332 102
332 102
Total for 2023
328 595
328 595
Page 14

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
6 Analysls of governance and support costs
Governance costs
Unrestricted
funds
General
Total
funds
Independent examlner fees
Examlnatlon of the financlal statements
other fees pald to examiners
Total for 2024
1,662
1,662
Total for 2023
7 Net incomlngloutgoing resources
Net (outgolng)/incomlng resour￿ for the year Include:
2024
2023
Depreciatlon of flxed assets
663
8 Trustees remuneration and expenses
During the year the charlty made the followlng transactions wlth trustees:
Katherine Helen Oliver
Katherlne Helen Oliver rece5ved remuneration of £4,550 (2023: £3,106) durlng the year.
Supply of serv1￿5 as a computer consultant.
Shayne Shaneelslngh Beegadhur
£469 (2023: £NII) of expenses were reimbursed to Shayne Shaneelslngh Beegadhur durlng the year.
Travel Expenses
No trustees have re￿iVed any other benefits from the charlty durlng the year.
Page 15

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
9 Staff costs
The aggregate payroll costs were as follows:
2024
2023
staff costs during the year were:
Wages and salarles
Soclal securlty costs
Pension costs
164,699
11,735
131,602
7,593
180 392
142 358
The monthly average number of persons (Includlng *nlor management I leadership team) employed
by the charlty durlng the year expressed as full tlme equivalents was as follows:
2024
No
2023
No
Average number of employees during the year
No employee re￿iVed emoluments of more than £60,000 during the year
IOIndependent examlner's remuneratlon
2024
2023
Examlnatlon of the financlal statements
Other fees to examiners
All other services
IITaxation
The char5ty Is a registered charlty and is therefore exempt from taxation.
Page 16

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
121ntanglble fixed assets
other
intanglble
asset
Total
Cost
At I September 2023
At 31 August 2024
9,800
9,800
Amortlsatlon
At 31 August 2024
Net book value
At 31 August 2024
At 31 August 2023
Page 17

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
13 Tanglble fixed assets
Furniture
and
equipment
Total
Cost
At I September 2023
Additions
3,568
3,568
At 31 August 2024
Depreclatlon
At I September 2023
Charge for the year
917
917
At 31 August 2024
Net book value
At 31 August 2024
At 31 August 2023
14 Debtors
2024
2023
Trade debtors
Other debtors
1,549
1,881
15Cash and cash equivalents
2024
2023
Cash at bank
183 247
208 628
Page 18

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
16 Credltors: amounts falling due withln one year
2024
2023
Trade credltors
Other taxatlon and social security
other credltors
Accruals
277
2,649
15,183
1,449
6,539
16,438
17 Pension and other schemes
Deflned contribution pension scheme
The charlty operates a deflned contribution penslon stheme. The penslon cost charge for the year
represents contributions payable by the charlty to the scheme and amounted to £3,958 (2023
£3,163).
18 Funds
Balance at I
September
2023
Balance at
31 August
2024
Incomlng
resources
Resources
expended
Unrestrlcted funds
General
234 983
332 102
216 702
Balance at I
September
2022
Balance at
31 August
2023
Incoming
resources
Resources
expended
Unrestricted funds
Genera
231485
328 595
234 983
Page 19

Space Science And Engineering Foundation
Notes to the Financial Statements for the Year Ended 31 August 2024
(continued)
19 Analysls of net assets between funds
Unrestrlcted
funds
General
Total funds
at 31 August
2024
Intanglble flxed assets
Tangible fixed assets
Current assets
Current liabilltles
9,800
4,678
226,195
9,800
4,678
226,195
Total net assets
216 702
216 702
Unrestrlcted Total funds
funds
at 31 August
General
2023
Intangible fixed assets
Tanglble fixed assets
Current assets
Current IlabllStles
9,800
2,651
251,908
9,800
2,651
251,908
Total net a55ets
234 983
234 983
20Controlllng Entlty
The trustees of the Charlty have control and dedde upon the day to day actlvltles. The staff of the
Charity complete the day to day activities.
Members of the Charlty, of whlch there are 300, have no Indemnity and therefore do not make any
decSsions.
Page 20