Charlty reglstration number: 1170548 Space Science And Engineering Foundation (A Charltable Incorporated Organisatlon) Annual ReFK)rt and Flnanclal Statements for the Year Ended 31 August 2025
Space scien And Engineering Foundation Contents Referen and AdmInistrate Details Trustees, Report 2to4 Statement of Trustees, Responslbllltles Independent Examlnels Report statement of Flnanclal Actlvlties Balance Sheet Notes to the Flnanclal Statements 9t019
Space Science And Engineering Foundation Reference and Administrative Details Chairman Shayne Shaneelsingh Beegadhur Trustees Katherine Helen Ollver Dr Rlchard Charles Ghall Dr Elizabeth Luthman Shayne Shaneelslngh Beegadhur Louls John Lyle Dr William Jeremy Curtls Adam Braithwaite Wllllam aark Platt Richards Dr David Dangoor, Honorary Presldent Jennlfer Lyons, Dlrector of Educatlon and Outreach Senior Management I Leadershlp Team Charity Registratlon Number 1170548 Prlncipal Offlce London SW7 2AZ Independent Examiner Crane & Johnston 30-32 TbarWIth CreSnt 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 report together wlth the flnancial statements of the charity for the year ended 31 August 2025, The financlal statements have been prepared in accordan wlth the accounting policies set out in note I to the flnancial statements and comply with the Charity's Trust deed, the Charitie5 Acl 2011 and Accounting and Reportlng by Charitles: Statement of Recommended Prartlce appllcable to charitles preparing thelr accounts in accordan with the Financlal Reporting Standard applicable In the UK and Republic of Ireland (FRS 102). Objectives and activitles Objects andaims The offlclal objectlves of the SSEF are Ilsted on the Charity Commisslon's webslte as TO ADVANCE THE EDUCATION OF UK SECONDARY SCHOOL STUDENTS ON THE SuBjEs OF SPACE SCIENCE AND ENGINEERING AND TO PROMOTE INTERAcfioN WITH sfuDENTS FROM OTHER SCHOOLS WH1N THE UK AND WORLDWIDE.. In practlce, we take a broad interpretstlon of the objectives, Includlng impllclt aspects {such as the relationshlp of StEM outreach with careers awareness), wholly in the servlce of multidisclplinary STEM outreach, in the mern approach to sfEM. Accordinglyi we can say that the objectives are as stated on the website, Interpreted to mean that SSEF'S objectlves are: To use the Insplrational context of space and the environment to run challenges for young people to eXperIen how business operates and how STEM contributes to successful buslnesses. This Is done by organlslng and runnlng event5 that slmulate professional (w Industry-style thlnklngi work andlor collaborative effort, across any discipllnes, In any geographical reglon, To broadly support sclence, spa, envlronmental and e[Ineerfng educatlon In the UK, and to promote these, and adJant, subjects as career cholces. 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 simulation, Involving student-led deslgn firms of slgnificant slze, collaborating to fulfil the complex requlrements of a cllent, and thus dlfferlng substantlally from normal school programmes In the nature of the experlence, and the gain In self-confldence as a worker contrlbutlng to the deslgn of solutkins, for a cllent, Ltslng STEM. These free-to-enter events are supported by fundraislng. To 5UPPOrt the UK spa Deslgn Competltlon (UKSDC), the Envlronmental Design Challenge (EDC) for 15-18 year olds, and to also support Galactlc Challenges for ages up to 15. Thls junior event Is a necessary early engagement wlth schools and students, to create a conduit for the secondary school actlvlty whlch Is the domlnant explicit objective. Junior events frequently rely on secondary school Involvement, elther a5 h05ts, suppliers of mentors or In Joint prlmary school-secondary school events. Page 2
Space Science And Engineering Foundation Trustees, Report (continued) Publicl)enefit The trustees confirm that they have referred to the gUIdan conialned in the Charlty Commission general guldance on publlc benefit when revlewing the charity's alms and objectives and In plannlng future acilvltles and projects, and are in the prcKess of trylng to wrlte a clearer more expliclt set of objectlves. Our main actlvltles and those whom we alm to help are outlined above. Nature of Governlng Document: updatlng of the governing duMent is being actlvety dlscussed by the Board of Trustees. Accountlng records, accounts, annual reports and retums, reglster malntenance are using the same compliaiice approaches as last year, the Board of TrUstS has started a revlew and update process and Is expllcltly dedicating sections of Trustee meetings to belng in the mode of 'Audlt and Rlsk, Subcommittee. A Development Committee is in the planning stages. By keeplng minutes 'geparated' for these aspects, the aim is to create greater transparency as we upgrade and modernise our pract1 of governall. The charity truslees are compllant with the requlrements of the Charitles Act 2011 with regard to the keeping of accounling records, to the preparation and scrutlny of statements of account, and to the preparatloFI of annual reports and returns, Recrultment and appolntment of Trustees: The Board of Trustees has revlewed the current 51tuatk)n whlch Is compliant wlth the governlng document, and as initiated a skills audit to identify strengths and any gaps Ihat may need to be fllled by new trustees. A strategy dc£ument has been drafted for approval by the Trustees, ahead of efforts to recrult Trustees to the skills gap. We note that we have alumni of the competition volunteerlng to become trttee5, but the focus for 202516 will be on recruiting Trustees for skllls and experien of governance. Inductlon and tralning of Trustees: The Trustees agreed to, and partlcipate In, a pattern of startlng meetings wlth a pre-meetlng viewlng of a training vldeo from the Charity Commisslon website with guidance for trustees. Where a video Is not available, a paper summarislng key Informatlon on a topic, together wlth the Ilnks to the relevant guldance page on the Charity Commisslon webslte, is Included the Board papers for a meetlng, so that all trijstees are buildlng shared-awareness of particular toplcs thal the Chairman and 0 have Identified as helpful ahead of dlscussions on modernlslng governance. Prospective trustees are requlred to read and comply wlth all requirements, when identifled. Flnancial review Policy on reservés The trustees have assessed the major rlsks to whlch the charity Is expos1, in partlcular those related to the operatlons and flnances and student safety of the charlty, and are satlsfied that systems are In place to mltigate our exposure to the major risks. Page 3
Space Science And Engineering Foundatlon Trustses, Report (continued) structurei governance and management Constitutlon The SSEF 15 a Charltable Incorporated Organlsation (CIO) whlch was incorporated on 5 December 2016 under number 1170548. Previously it was a charitable trust governed by a Trust Deed dated 10 February 2011. Thls charlty's registered number was 1142329, and The Charlty Commisslon now records Its status as a removed charity" The assets and Ilabilities of the previous charltable trust moved across to the Cto during the year ended 31 August 2019. Detalls of the trustees who served throughout the year are included In the Referen and AdmlnlstratDie Details on page l. Ivature ofgoverning document The charlty trustees are compliant wlth the requirements of the Charltles Act 2011 wlth regard to the keeping of accountlng records, to the preparatlon and scrutlny of statements of acc(wnL and to the preparation of annual reports and returns. Recruitment andappolntment of trustees Twstees complete a skills audlt to Identify any gaps that may need to be fllled by new trustees,. posts are advertised accordingly. Indurtlon andtralnlng of trustaes Prospective trustees are required to read and comply wlth all requlrements as lald down by the Charity Commission includlng undetStandlng the Essential Requirements of Trustee5 Volunteers We are grateful for the tlme given voluntarfly In support of our work. Thls Includes supwjrt from our trustees and our members. sNEDSEClIRELy 11/06/2026 1110612018 at5'.3&'1ts PM The annual report was approved by the trustees of the charlty on behalf by: slgned on Its SI6NÈO SECURELY 11•11202 t5..36..15 PXI VTC Shayne Sh8neelsingh Beegadhur Chairman and trustee Page 4
Space Science And Engineerlng Foundation statement of Trustees. Responsibilities The trustees are responsible for preparing the trustees, report and the flnanclal statements in accordance with the Unlted Klngdom Accountlng Standard5 (Unlted Klngdom Generally Accepted Accountlng Practice) and appllcable law and regulatlons. The law appllcable to charitles requlres the trustees to prepare flnancial statements for each financial vear whlch glve a true and falr view of the state of affairs of the charity and of the Incoming resources and appllcatlon of resources of the charity for that period. In preparing these flnancial ststements, the trustees are required to: select sultable aceountlng policies and then apply them conslstentlyi observe the methods and prlnclples in the Charitle5 SORP; make Judgements and estimates that are reasonable prudent. state whether applicable accountlng standards have been followed, subject to any materlal departures dlsclosed alld explained In the financial statements. and prepare the flnanckil statements on the going concern basis unless it Is Inapproprlate to presume thal the charlty will contlnue in business. The trustees are responsible for keeping proper accounting records that dls¢lose wlth reasonable accuracy at any tlme the financial posltion of the charlty and enable them to ensure that the flnancial statements comply with the Charltles Act 2011, the Charitles (Accounts and Reports) Regulatlons 2008, and the provlslons of the constltutlon. The trustees are also responsible for safeguardlng the assets of the charity and hen for tsklng reasonable steps for the prevention and detection of fraud and other Irregularltles. The trustees a responslble for the maintenance and Integrlty of the corporate and flnanclal information Included on the dlarltable company's website. Legislation governlng the preparatlon and d15semlr¢ation of flnanclal statements may differ from leglslatlon In other jurlsdlctions, Page 5
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 examlr)atlon of the financlal statements of spa Science And Englneering Foundatlon for the year ended 31 August 2025. Responsibilltles and basss of report As the charlty trustees of SpaTr Science And EnginrIng Foundatlon you are responslble for the preparation of the financial statements In accordance wlth the requirements of the Charitles Act 2011 Cthe Ad). I report In respect of my examlnation of the Space Science And Engineertng Foundatlon's financlal statements carrled out under sectlon 145 of the 2011 Act and in carrylng out my examlnation I have followed all the appllcable DirecUons given by the Charity Commisslon under section 145{5)(b) of the I draw to your attentlon that the flrm at whlch l am a Partner provldes bookkeeping seNlces to the charity. We have complied with the FRCS Revlsed Ethical Standard in thls regard. Independent examiner's ststement sIn Space Science And Engineerlng Foundatk)n's gross income exceeded £250,(NJO your examlner must be a member of a body listed in section 145 of the 2011 Act. I conflrm that I am qualified to undertake the examln8ifon because I am a member of Chartered Certified Accountsnts, whlch Is one of the listed bles. I have completed my VA3MIna0n. I confirm that no material matters have come to my attention in connectlon with the examlnation glvlng me cause to believe that in any materlal respect: l. accounting records were not kept in respect of Space Science And Englneerfng Foundatlon as required by sectlon 130 of the Act,. or 2. the flnanclal statements do not accord wlth those records,, or 3. the flnancial statements do not comply with the accounting requlrements COnrnIng the fom and content of flnancial statements set out In the Charlties (Accounts and Reports) Regulations 2008 other than any requlrement that the flnanclal statements give a 'true and fair vlew, which is not a matter consldered as part of an independent examinatlon. I have no concerns and have come acros5 no other matters In connectlon with the examinatlon to whlch attention should be drawn In this report in order to enable a proper understandlng of the finandal statements be reac. Nell Hallam FCCA Crane & Johnston Chartered Certified Accountants 30-32 Trebarwlth Cre5t Newquay Cornwall TR7 IDX ,16/2L Date:.......... Page 6
Space Science And Engineering Foundation statement of Financial Activities for the Year Ended 31 August 2025 Total Total 2025 2024 Unre5trlcted Note Income and Endowments from: Donation5 and legacles Charitable activltles Investment income 79,201 226,745 79,201 226,745 44,465 267,675 Total Income 307 507 307 507 313 821 Expenditure on: Charltable activities 292 196 292 196 332 102 Total expendlture 292 196 292 196 332 102 Net movement In funds 15,311 15,311 (18,281) Reconclliation of funds Total funds brought forward Total funds carried forward 216 701 216 701 234 983 232 012 232 012 216 702 All of the charity's activltles derfve from contlnuing operatlons durlng the above two periods. The funds breakdown for 2024 Is shown In note 18. The note5 on pages 9 to 19 form an integral part of these flnanclal statements. Page 7
Space Science And Engineering Foundation (Registration number: 1170548) Balance Sheet as at 31 August 2025 2025 2024 Note Fixed assets Intanglble assels Tanglble assets 12 13 9,800 9,800 4,678 Current assets Debtors Cash at bank and In hand 14 15 42,289 193 326 42,948 183 247 235,615 226,195 Credltors: Amounts falling due within one year 16 Net current assets 217 890 202 224 Net assets 232 012 216 702 Funds of the charlty: Unrestricted income funds Unrestricted funds 232 012 216 702 Total funds 232 012 216 702 The financlal statements on pages 7 to 19 were approved by the trustees, and authorised for issue on ehJweB.$EQWftEL4nd signed on their behalf by.. 11/06/2026 11105D026&15..56..15 PAI IITC I(INED SECURELY af 5'.36'.1S PM UTC Shayne Shaneelslngh Beegadhur Chaiman and trustee The notes on pages 9 to 19 form an Integral part of these flnanclal Statements, Page 8
Space Science And Engineering Foundation Notes to the Financial Statements for the Year Ended 31 August 2025 l Accountlng policles statement of compliance The flnancial statements have been prepared in accordance wlth the second edltion of the Charities ststement of Recommended pract1 issued In October 2019, the Financial ReptIng Standard appllcable in the United Klngdom and Republlc of Ireland (FRS 102) and the Charities Act 2011. Basls of preparation spa Science And Engineerlng Foundation meets the definltion of a publlc benefit er)tity under FRS 102. The financial statements have been prepared under the historical cost convention wlth items recognlsed at cost or transactk)n value unless otherwlse stated in the relevant note(s) to theso accounts. Going ci)ncern At the time of approvlng the flnanclal statements, the trustees have a reasonable expectatlon that the char5ty has adequate resources to continue In operational exlstence for the foreseeable future. Thus, the trustees contlnue to adopt the goiw wncern basls of accountlng In preparlng the financlal statements. Income and endowments Voluntary Income Including donationsp glfts, legacies and grarbts that provlde core funding or are of a general nature Is recognlsed when the charlty has entitlement to the Income, It Is probable that the Income will be received and the amount can be measured wlth sufflclent reltability. Donatlons andlega¢ies Donations and legacies are recognised on a re1vable basls when reIpt is probable and the amount can be rellably measured. Grants recelvable Grants are recognlsed when the charty has an entitlement to the funds and any condltlons linked to the grants have been met, Where performance conditions are attached to the grant and are yet to be met, the Income is recognised as a Ilability and included on the balaEKe sheet as deferred Income to be released. Investment Income Dlvldend5 are recognised once the dividend has been dedared and notificatlon ha5 been recelved of the dlvldend due. Charitable actlvltles Charltable expendlture comprlses those costs Incurred by the charlty In the dellvery of its activltles and servltrs for Its beNeflclarles. It includes both costs that can be allocated dlrectly to such actlvltles and those costs of an indlrect nature necessary to support them. Page 9
Space scien And Engineering Foundation Notes to the Financlal Statements for the Year Ended 31 August 2025 (continued) Expendlture All expenditure 6s recognlsed On there Is a legal or constructive obligatlon to that expendlture, It Is probable settlement is required and the amount can be measured rellably. All costs are allocated to the applicable expenditure headlng that aggregate slmllar costs to that category, Where costs cannot dlrectly attrlbuted to partlcular headlngs they have been allocated on a basis consistent wlth the use of resources, with traI staff costs allocated on the basis of tlme spent, and depreciation charges allocated on the PK)rtlon of the asset's use. oth support costs are allocated based on the spread of staff costs. Governance costs These indude the costs attrlbutable to the charity's compliance with constitijtional and statutory requirements, Including independent examlnation, str6teglc management and trustees meetings and reimbursed expenses. Taxation The charity Is considered to pass the tests set out In Paragraph I Schedule 6 of the Finance Act 2010 and therefore It meets the definltion of a charity for UK corpoyatlon tax purposes. Accordlngly, the charity 15 Potentially exempt from taxadon in respect of income or capitsl gains r1Ved 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 galns are applied exclusively to charltable purposes. Intanglble assets Intangible assets are stated In the Balance Sheet at cost less accumulated amortlsation and Impairment, They are amortlsed on a straight Ilne basls over thelr estlmated useful lives. Tanglble flxed assets Individual flxed assets costlng £250.00 or mre are Inltially recorded at cost. Depreclation and amortlsatlon Depreclatlon is provided on tsnglble flxed assets so as to wrlte off the cost or valuatk)n, less any estimated resldual value, over thelr expected useful economic Ilfe as follows.. Depreclation method and rate 20010 Reduclng Balan Asset class offi Equlpment Cash and cash equivalents Cash and cash equlvalents comprise cash on hand and call deposlts, and other short-temi hlghly liquld investments that are readily convertlble to a known amount of cash and are subject to an Inslgnlficant rlsk of change In value. Page 10
Space Science And Engineering Foundation Notes to the Financial Statements for the Year Ended 31 August 2025 (continued) Trade ¢redltors Trade creditors are obligatlons to pay for goods or servlces that have been acqulred In the ordinary course of business from suppllers. Accounts payable are classified as current Ilabllltles If the does nol have an unconditlonal right, at the end of the reporting perlod, to defer settlement of the credltor for at least Iwelve months after the reportlng date. If there Is an uncondltlonal right to defer settlement for at least twelve months after the reportlng date, they are presented as non-current liabllitles. Trade creditors are recognlsed Initlally at the transaction prlce and subsequently measured at amortlsed cost uslng the effective Interest method. Fund structure Unre5trlcted income funds are general funds that are available for use at the trustees dlscretlon In furtheran of the objectives of the charity, Penslons and other post retirement obllgations The charity operates a deflned contllbutSon penslon scheme whlch Is a penslon plan under which flxed contribution5 are pakl into a pension fund and the charity has no legal or constructive obligation to pay further contrlbutions even if the fund dces not hold sufflclent assets to pay all employees the beneflts relating to employee seNlce in the current and prlor periods. Contrlbutions to defined contributlon plans are recognlsed in the Statement of Financlal Activities when they are due. If contributk)n payments exed the contributlon due for seN1, the excess Is recDJnlsed as a prepayment. Financlal Instruments Classification Flnanclal assets and financlal liablllties are recognlsed when the charlty becomes a party to the contractual prov151ons of the Instrument. Financial Ilabllltles and equity Instruments are classlfled accordlng to the substance of the contractual arrangements entered into. An equity instrument 15 any contrart that evidences a residual Interest In the assets of the charity after deducting all of Its liabilltles, Page 11
Space Science And Engineering Foundation Notes to the Financlal Statements for the Year Ended 31 August 2025 (continued) Recognitlon andmeasurement All financlal assets and Ilabllities are initially measured at transaction prlce (Including transacklon costs), expE for those flnancial a55ets dassilied as at faSr value through profit or loss, whlch are Inltially measured at falr value (which Is nOMllY the transactlon prlce excluding transaction costs), unless the arrangement constitutes a financlng transaction. If an arrangement constitutes a financlng transactlon, the financlal asset or financlal liabillty Is measured at the present value of the future payments dlscounted at a market rate of interest for a slmilar debt 5nstrument, Flnanclal assets and Ilablllties are only offset in the statement of financlal positlon when, and only when there exists a legally enfortrable rlght to set off the recognlsed amounts and the charity Intends elther to settle on a net basis, or to realise the asset and settle the liability simultaneously. Flnancial assets are derecognlsed when and only when a) the contractual rlghts to the cash flows from the financlal asset expire or are settl&, b) the charity transfers to another party substantlally all of the rlsks and rewards of ownershlp of the flnanclal asset, or c) the charity, despite having retained some, but not all, slgnificant rlsks and rewards of ownershlp, has transferred control of the asset to another party, Flnanclal l%abllltles are deCognISed only when the obllgation speclfied in the contract Is dlscharged, cancelled or explres. 2 Income from donations and legacies Unrestrlcted funds General Total funds Donations and legacies. Donatlons from indlvkiuals Total for 2025 Total for 2024 3 Income from charitable activltles Unr¢strlrted funds General Total funds Global Space DesSgn Challenge Merchandlse 226,151 594 226,151 594 Total for 2025 226 745 226 745 Total for 2024 267 675 267 675 Page 12
Space Science And Engineering Foundation Notes to the Financial Statements for the Year Ended 31 August 2025 (continued) 4 Investment Incom Unrestricted funds General Total funds Interest re1vable and simllar Income,. Interest recelvable on bank deposits Total for 2025 Total for 2024 5 Expendlture on tharltable actlvltles Unrestricted funds General Total funds Note Purchases staff welfare Rent 2,292 13 1,287 1,400 2,417 2,369 681 2,292 13 1,287 1,400 2,417 2,369 681 Insurance Computer software and malntenance costs PriF)tlngi Postage and stationery Trade subscriptions Sundry expenses Travel and subsistence Hotel accommodatlon Lecturer fees Legal and professlonal fee5 Bank charge5 Depreclatk)n of offlce equipment Staff costs Governance costs 44,061 35,992 31,360 1,341 506 1,080 162,344 44,061 35,992 31,360 1,341 506 1,080 162,344 Total for 2025 292 196 292 196 Total for 2024 332 102 332 102 Page 13
Space Science And Engineering Foundation Notes to the Financial Statements for the Year Ended 31 August 2025 (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 2,646 2,646 Total for 2025 Total for 2024 7 Net incomlngloutgolng resources Net incomlng/(outgoing) resourtts for the year Include: 2025 2024 Depreciatlon of flxed assets 8 Trustees remuneratlon and expenses During the year the charlty made the followlng transactions with trustees. Katherine Helen ollver Katherlne Helen Oliver recelved remuneration of £NII (2024,, £4,550) durln9 the year. Shayne Shaneelsingh Beegadhur £NII (2024.. £469) of expenses were reimbursed to Shayne Shaneelslngh Beegadhur during the year. No trust have received any other beneflts from the charlty durlng the year. Page 14
Space Science And Engineering Foundation Notes to the Financial Ststements for the Year Ended 31 August 2025 (continued) 9 Staff costs The aggregate payroll costs were as follows: 2025 2024 Staff costs durlng the year were: Wages and salaries Soclal securlty costs Per)slon costs 149,958 8,755 164,699 11,735 162 344 180 392 The monthly average number of persons (includlng senlor management I leadership team) employed by the charlty durlng the year express as full time equivalents was as follows.. 2025 No 2024 Average number of employees dudng the year No employee reIVed emoluments of more than £60,000 during the year 10 Independent examlner's remuneration 2025 2024 Examlnation of the flnancial statements other fees to examlners All other servlces IITaxatlon The charity Is a reglstered charlty and Is therefore exempt from taxatlon. Page 15
Space Science And Engineering Foundation Notes to the Financial Statements for the Year Ended 31 August 2025 (continued) 121ntangible flxed assets other intangible asset Total Cost At I September 2024 At 31 August 2025 9,800 9,800 Amortlsatlon At 31 August 2025 Net book value At 31 August 2025 At 31 August 2024 Page 16
Space Science And Engineering Foundation Notes to the Financlal Statements for the Year Ended 31 August 2025 (continued) 13Tangible fixed assets Furnlture and equipment Totsl Cost At I September 2024 Addltlons 6,765 725 6,765 725 At 31 August 2025 Depreciatlon At I September 2024 Charge for the year 2,087 2,087 At 31 August 2025 Net book value At 31 August 2025 At 31 August 2024 14 Debtors 2025 2024 Trade debknrs Prepayments other debtors 1,549 890 15Cash and cash equivalents 2025 2024 Cash at bank 193 326 183 247 Page 17
Space Science And Engineering Foundation Notes to the Financial Statements for the Year Ended 31 August 2025 (continued) 16 Creditors: amounts falling due within one year 2025 2024 Trade credltors other taxation and social security other creditors Accruals (18) 2,409 12,526 277 2,649 15,183 17 Penslon and other schemes Defined contribution pension scheme The charlty operates a defined contrlbutlon penslon scheme. The penslon cost charge for the year represents contributkins payable by the charity to the scheme and amounted to É3,631 {2024 £3,958). 18 Funds Balance at I September 2024 Balance at 31 August 2025 Incomlng resources Resources expended Unrestricted funds General 216 701 307 507 292 196 232 012 Balance at i September 2023 Balance at 31 August 2024 Incoming resources Resources expended Unrestrlcted funds General 234 983 332 102 216 702 Page 18
Space Science And Engineering Foundation Notes to the Financial Statements for the Year Ended 31 August 2025 (continued) 19 Analysis of net assets between fund$ Unrestricted funds General Total funds at 31 August 2025 Intangible flxed assets Tangible flxed assets Current assets Current liabllltles 9,800 4,322 235,615 9,800 4,322 235,615 Total net assets 232 012 232 012 Unrestricted funds General Total funds at 31 August 2024 Intangible fixed assets Tangible fixed assets Current assets Current liabllltles 9,800 4,678 226,195 9,800 4,678 226,195 Totsl net assets 216 702 216 702 20Controlllng Entity The trustees of the Charity have control and decide upon the day to day actlvltles. The staff of the Charlty complete the day to day activitles. Members of the Charity, of whlch there are 300, hove no indemnlty and therefore do not make any declsion5. Page 19
Space Science And Engineering Foundation Detailed Statement of Financial Activities for the Year Ended 31 August 2025 Total 2025 Total 2024 Income and Endowments from: Donatlons and legacles (analysed below) Charitable actlvitles (analysed below) InvesLment Income (analysed below) 79,201 226,745 44,465 267,675 Total income 307 507 313 821 Expenditure on: Charitable actIvitS {analysed below) Total expendlture Net Incomel(expendlture) Net movement In funds 292 196 332 102 292 196 332 102 15,311 (18,281) Reconcillatlon of funds Total funds brought forward 216 701 234 983 Total funds carried fOard 232 012 216 702 This page does not fom part of the statutory financlal ststements. Page 20
Space Science And Engineering Foundation Detailed Statement of Financial Activities for the Year Ended 31 August 2025 (continued) Total 2025 Total 2024 Donations andlegacles ApalS and donatlons 44,465 79,201 Charftable activltles Merchandlse Events Income 594 226,151 667 267 008 226 745 267 675 Investmentlncome Interest on cash deposlts Charitable actlvities Purchases Wages and salarles staff NIC (Employers) staff pensk)ns (Defined contriblttlon) - penslon scheme I staff tralnlng staff welfare Rent Insuran Telephone and fax Computer software and maintenantr costs PrlntSngi Postage and statlonery Trade subscriptlons Sundry expenses Travel and subsistence Hotel accommodatlon AdvertSslng Lecturer fees Legal and professlonal fees Bank charges Depreclatlon of office equlpment Independent examlner's fee Accountancy fees (2,292) (149,958) {8,755) (3,631) (4,433) (164,699) (11,735) (3,958) {463) (43) (13) (1,287) (1,400) (1,279) (1,378) (6,765) (2,825) (244) 12,417) (2,369) {681) (9) (44,a61) (35,992) (46,851) (32,353) (123) (42,859) (4,116) (277) (1,170) {1,662) (31,360) (1,341) {506) (1,080) (2,646) 292 196 332 102 ThSs page does not form part of the statutory financlal statements. Page 21