Trustees' annual report for the period
Period start date Period end date From 31 07 2024 To 31 03 2025
Reference and administration details
Charity name PlanetAI
Other names charity is known by
Registered charity number (if any)
1209345
Charity's principal address Flat 5, 41 Eaton Road
Sutton
SM2 5EU Postcode
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Dr Kai Hou Yip | Chair | |||
| Prof Giovanna Tinetti | Trustee | |||
| Prof Ingo Waldmann | Trustee | |||
| Rebecca Coates | Treasurer | |||
1
Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole year
Names and addresses of advisors (Optional information)
| Names and addresses of | Names and addresses of | advisors (Optional information) | advisors (Optional information) |
|---|---|---|---|
| Type of advisor Bank |
Name Address |
||
| Bank | Metro Bank | 1 Southampton Row, London, WC1B 5HA | |
Name of chief executive or names of senior staff members (Optional information)
Structure, governance and management
Description of the charity’s trusts
Constitution Type of governing document
(eg. trust deed, constitution) How the charity is constituted Charitable Incorporated Organisation
- (eg. trust, association, company)
Trustee selection methods Trustees are appointed or reappointed on an annual basis at (eg. appointed by, elected by) the annual general meeting held In April.
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
Policies and procedures adopted for the induction and training of trustees
The charity’s organisational structure and any wider network with which the charity works
-
[Relationship with any related ] parties
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[Trustees’ consideration of major ] risks and the system and procedures to manage them
2
Objectives and activities
| Summary of the objects of the charity set out in its governing document Summary of the main activities undertaken for the public benefit in relation to these objects |
To provide opportunities for learners to explore and understand space science (including astronomy and astrophysics) through the lens of problems that can be solved through the application of advanced statistical techniques. |
|---|---|
| Globally, the Charity organises an annual international data competition to encourage the development of innovative solutions for challenges faced by the space science community. These data challenges provide a platform for participants to feld test their skill set, and thereby fostering skill development. The charity also hosts local workshops and hackathons, targeting students, researchers, professionals, and amateurs. These workshops are delivered in terms of hands-on training, informative sessions, and interactive discussions. Through these initiatives, the organisation aims to inspire participants with the latest developments in space science and raise public awareness of the subject. By ofering opportunities for learning, skill development, and engagement, the organization contributes to the advancement of education in the feld of AI and space science on both aglobal and local scale. |
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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Policy on grantmaking
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Policy programme related investment
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Contribution made by Volunteers
3
Achievements and performance
Summary of the main achievements of the charity during the year.
Since becoming constituted as a CIO in 2024, PlanetAI has held two large scale global Data Challenges in collaboration with Kaggle, a data competition platform held by Google. In both the 2024 and 2025 Data Challenges, PlanetAI were responsible for formulating the problem, developing the materials and data required for the challenge, and providing necessary guidance, knowledge, and support to participants both in advance and throughout the duration of the challenge. Kaggle provided the platform and necessary storage space on which to host the challenge, global promotional support to ensure the widest reach possible, and $50,000 as a prize pool to be passed directly to competition winners. No funding from Kaggle passed through the PlanetAI bank account, nor handled by trustees – the donated prize money passed directly from Kaggle, to winning participants. The Ariel Data Challenge 2024 was held over the three month period of August 1[st] – October 31st 2024. This challenge saw: - 6,951 registrations; - with 1,414 active participants; - from 75 countries; - contributing 23,024 submissions; - averaging more than 200 submissions per day.
The winning team presented their solution at prestigious machine learning conference, NeurIPS, held December 10[th] – 15[th] 2024 The Ariel Data Challenge 2025 was prepared and organised in the first quarter of 2025, to be held between June 26[th] – September 30[th] 2025.
4
Financial review
The charity operates with minimal reserves, reflecting its low-cost Brief statement of the charity’s operating model and reliance on trustee time given voluntarily. The policy on reserves trustees keep this under review and will build reserves as income allows, particularly before committing to activities with associated costs
Details of any funds materially Not Applicable in deficit
Further financial review details: (Optional information)
You may choose to include additional information, where relevant about:
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The charity’s principal source of funds (including any fundraising).
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How expenditure has supported the key objectives of the charity.
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Investment policy and objectives including any ethical investment policy adopted.
Other optional information
Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Kai Hou Yip Position Chair Date 20[th] January 2026
5
Charity Name No (if any) PlanetAI 1209345
Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts
Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts CC16a For the period 31/07/2024 31/03/2025 To from
Section A Receipts and payments
Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest to the nearest £ to the nearest £ to the nearest £ to the nearest £ £
A1 Receipts
| A1 Receipts | nresrce funds to the nearest £ |
esrce funds to the nearest £ |
nowmen funds to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
||||
|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| Sub total(Gross income for AR) |
0 | 0 | 0 | 0 | 0 |
| Sub total(Gross income for AR) |
0 | 0 | 0 | 0 | 0 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A2 Asset and investment sales, | |||||||||||||
| (see table). | |||||||||||||
| 0 | 0 | 0 | 0 | ||||||||||
| 0 | 0 | 0 | 0 | 0 | |||||||||
| Sub total | 0 | 0 | 0 | 0 | 0 | ||||||||
| Total receipts | 0 | 0 | 0 | 0 | 0 |
A3 Payments
| A3 Payments | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| 0 | 0 | 0 | 0 | 0 | |||||
| Sub total SS) |
0 | 0 1 |
0 | 0 | 0 |
CCXX R1 accounts (SS)
| A4 Asset and investment purchases, (see table) |
0 0 0 0 0 0 0 0 |
0 0 0 0 0 0 0 0 |
0 0 0 0 0 0 0 0 |
|||
|---|---|---|---|---|---|---|
| 0 | 0 | |||||
| 0 | 0 | |||||
| Sub total Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
0 | 0 | 0 | |||
| 0 | ||||||
| 0 | 0 | 0 | 0 | 0 | ||
| 0 | 0 | 0 | 0 | 0 | ||
| 0 | 0 | 0 | 0 | 0 | ||
| 0 | 0 | 0 | 0 | 0 |
Section B Statement of assets and liabilities at the end of the period
| Categories B2 Other monetary assets B1 Cash funds SS) |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Details 2 |
Unrestricted funds to nearest £ 0 0 0 0 OK Unrestricted funds to nearest £ 0 0 0 0 0 0 Fund to which asset belongs |
Restricted funds to nearest £ 0 0 0 0 OK Restricted funds to nearest £ 0 0 0 0 0 0 Cost (optional) |
Endowment funds to nearest £ |
|---|---|---|---|---|
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 0 | ||||
| OK | ||||
| Endowment funds to nearest £ |
||||
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 0 | ||||
| 0 | ||||
| Current value (optional) |
CCXX R2 accounts (SS)
| B3 Investment assets | - | - | |||||||
|---|---|---|---|---|---|---|---|---|---|
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
||||||
| B4 Assets retained for the | - | - | |||||||
| charity’s own use | - | - | |||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| Fund to which | Amount due | When due | |||||||
| Details | liability relates | (optional) | (optional) | ||||||
| B5 Liabilities | - | ||||||||
| - | |||||||||
| - | |||||||||
| - | |||||||||
| - | |||||||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Name | Date of approval |
||||||
| Dr Kai | Hou Yip | 19-Jan-26 | |||||||
| SS) | ~~3~~ |
CCXX R3 accounts (SS)