REGISTERED COMPANY NUMBEIL. 01145214 (England and Wale5)
REGISTKRED CHARITY NUTrILIER: 267410
i¥.
Chario( HoiLse Ltmikd
ChartCLEd AccoLU]tsuts
44 Grand Poxade
Bri8hton
East Su55eA
BN2 9QA

OF THE FIN
P*ge
Report of the Thistees
I to 5
IndeptndentEx8mineV$ Report
Ststtmentof Th8ncisl Adlvlties
B8l&nce Shttt
Nole5 to the Fln4ndg1 Ststejnents
10 to 14
D¢￿led Statemwht of Financlal Aetfvitks
15

Tl
The trustees wbo Hre also directors of the charity for tbe ptwposcs of tb¢ Companie5 Act 21M)6, present Iheir report with
the fit￿l¢la1 statenmits of tbe charity for the year ellded 30 June 2024. The trLStecs have adopted the provisions of
ALeounting and Report]ng by CharitLes'. Statell￿ttt of Recommended Practice Applicable to Gharities prq)arin8 their
Rceounis in acc￿￿￿llee wilh the Fin2ncial Reporting Stsndard 8ppliubl¢ in tho UK and Republic of Ireland IFRS 102)
(effective l January 2019).
OBJECTIVES Af4D ACIIVITIES
Objeetlves and alm5
The objectiv¢5 of the Ch￿lty are to promot< organise and supp)rt expeditions for th¢ ¢xplorntion of developing regions
of th¢ earth for the purpose of advoncing knowlcdge of, or reseaT¢h into, or for tli¢ purw of edue4ting individuals in
th¢ 8￿8￿pIly, history. athcology. sociology. eCon￿Di(S, ¢￿10￿y. byology of tlje s&id r¢8iOft8.
Th¢ Society has organised meetings in London and ¢lsewber¢ at which lecture8 Ott scientific exploration were given.
The Society continuLT to 8dVI￿ a greAt people on the conduct of scientific exploration ADd to ￿lry out felsibility
sttxlie5 for ￿lU1¢ projects. It also liaises with $￿.h0O￿l scith)tific establisbmellts and the Arn)cd Force
The principal Mciivi¢y of the subsidi4ry ￿Mp8ny, OEy¢rglion Ral¢igh PrwnotiorLS Limit￿ was to promote products sueh
photogTaphs ftlms and books derived from the activitie8 of Scicntifie Exploralion Sociery. Operation Raleigh
Promolions Liinited i$ now a dOm￿nt coinpaiiy.
Publle bentflt
Froin L April 2(K18 8eetion 4 of the Charities Act 2011 ttquires du cbarities lo meet the legal requizemeut that its atllLg
aLt for the publie benefit. The Charity Coitllnission in 11$ "ChaEities thnd Public Benefit" guidance stotes that t1￿
two key prinriples to be mel in ordcr lo show that ftn orgat]isaiion's oims arc for tlie pubb'c b¢ncfit.' fii8cly. ther¢ must .be
all identifiublc bcnefit and Sfxondly the benefit M￿lIbe to the public or a se¢tion tsf th¢ publiL.
'rhé Trnstees cottfum tbat they have eomplied with the diity in Seetion 4 of the Charitieg Act 2011 to have due rogard to
public bcncfit guidgnce published by thc Commi85ion in dciern)ining tlio uctivitics undmtskcn by the chority. Th¢
Th￿te¢S OTe Fatisfied that iho aim& and ObJ￿Li¥¢8 of tlie charity, and th¢ activitie5 r¢ported on above ￿ adiieve thos¢
aims, me¢t thes¢ prillcipl¢s.
Page I

EXP
1411
REP
TRU
ACHIEVEMEf4T Af4D PERFORMANCE
ChAt4table •¢tlvltl
The Society milintaitys its BuThary set up to rnalk ￿ 40ib year of Scientific Explornion S(Kieiy to
support youD8 exploreN rwtng on th¢ tr&dition of piot￿rIllg leadershtp scientific exploration. This yeafs
Explortt Awird5 Presentation Evenin& the Oscars of Exploratio￿ was held in October 2023 and was ho8t¢d for th¢
cond yeor runtiittg by the Royal College of Surgeons. Five SES Explorer Awards were presented to deserving winners,
tothlling £31,050, to support Pioneets with Purpose leading the following ¢¥[￿lt10￿s'.
- StEi CHARLES BLOIS EXPLORER AWARD FOK SCIENCI & ADVE￿ to Sergio Nola7Ko Plasier
Exploring Sin¢himark8 (Pern).
- ELODIE SANDFORD EXPLORER AWARD FOR AMATEUR PHOTOGRAPHY ty R¢74 Saputra - Bird's Head
Peninsula Orchi(ts ([ndOn￿Ja).
- JUDITH HEATH EXPLORER AWARI) FOR BOTANY & RESEARCH to Dtwi L¢sthri - RafflesiA Expdilion
(Indon¢sial.
- NEVILLE SHULMAN EXPLORER AWARD FOR EXPEDLTION FILMmAK￿G to Natalie Knowles - KByapo
Defendets of the An￿Z4)tt (Bra7il).
. SES EXPLORER AWARD FOR NSPIRAITON & ScIE￿FIc TRAILBLAZING Sarah Tubb8 . Congwving
Cembodian CctuceM￿ {c￿bOd]￿).
Tn addition. at th¢ ExploT¢r Awards Pr¢s¢ntstion Ceremony. four HOno￿ry Award4 were p￿Sen￿d.
. SES YOUNG SCIENrtFIC E>TrLORER ro Mya-Rose Craig. Birdgirl> proudly sponsored by Peter And June Felix.
- SES PIONEER WITH PURTrOSE lo Ju5¢ a Drop, proudly sponsored by Craig Cohon.
- SES EXPLORER OF THE YEARto Pr¢¢t Chandh MBE- Polar Pre¢L
- SES LIFETIME ACHIEVEMENT to Colonel JobD Bla6bford-Snell CB4 prO￿llY spoDwJed by christo￿ Wri8ht
FR(JS.
Thccv¢ning cnded with Colon¢l John B]￿h[ord-Sn¢lI b¢iny inl¢rview¢d by SES Advisory Board Chalr, Rosie Statleer.
SES is extremely ￿teful to its Explortr Award And Homrary Aword Spon80fS, tbe SES Awards Committee, and the
Headline Sponsor RS
The next Osears of Exploration presentstion evening will tsko place on Wcdneyday 16 October 2024 ai the Royal
College of Surg¢on8.
In thlition to ¢he £31.050 abov4 during the ycar and for the fitst titn4 Seven £2.000 SFS Raleigh Explorer AW￿ were
dc. Laun¢hcd in wllubor4tion with Rul¢igh Int¥rryulion41 and Oper4lii)n Ral¢igh Alumni, Ihi8 l5 ill initiative th8t will
provid¢ opportimitieg for yourtg ittdtvidualx from les8 advint8ged b￿SrOund8 in the UK to embErk on trgDs(OrD￿tiyc
volunteering Op￿rt￿ltieS thoad.
During th¢ year, SES h05t&l iwo fundraising dInn￿B at the Orientsl Club kn IA)ndoD and one further dititier 8enBmtsly
hoskd by Advisory Board m¢ukn¢r. D2Thon d¢ Laszlo, in ByTOn'S Chambets, Alballyj Piccadilly raising £24,000 plus
Gift Aid, whcrc applicable, to Bo towards fi￿dIng ¢ore running ¢ost$ and twk¢tin8lPR tD hclp raise tnorc tnotty to
$u$tgin Jnd grow the Soci¢ty 50 that it has wter itnpact ¥nd larger membership.
During thc ycar, Ibc SES cornThwnity has cnjoycd a full Prograrnme of insPtr&tional Explorer Talks, hdd at thc Coopers
At]ns in LoJJdoD. We arc bugely grate￿] to ail our speakcrs who ￿¢ToU5]Y 8ivc w> their time to sharc th¢r rivcting
expedition stories to help T8is¢ awaJrne5s of the issues ttJ&t faceour pl8llet today. Speakers I￿lUded.
- Colonel John Blashford-snell CBE- The Darien G8P
- Pip Stewart- Life L￿SoD$ from th¢ Amazon
- Crdig Nuttall- Garhwal Mountain Resc￿ Proj¢c¢
- Paul Niel- Project Av￿8¢[
- Alex Bes¢oby- The Last Overland
- Deon Barrett- TNe Nortb PrO1￿t
- KaleColeridge- Mongolian Klian Kh¢ntii
. And￿5 A[MIer￿. Rules ofthe Raitjforcst
- Rosie Stancer and Pom Oliver- Sioai Peninsula
Page 2

TLwn SFS ttjok part in the Lon(lon Marathon tn April 2024 with ¢ight rurllw taising att impressive swn for th¢ Society.
The Soctetys Advisory Board elljoyed its aunual gathering. an evening of drinks and delicio￿￿ c4napcs gerter0￿lY
bosled by SES Chair Peter Fetix CBE. Rlld his wifc Juli¢, at their home itt L(mdon. Updates artd progress reports were
given by SES Advisory Board Cluir, Rosie Stancer, Peter Felix and SES CEO, Hetirie￿ Tho4)e. Gii¢sts also enjoyed a
riveting accoullt of the TrdisCov￿Y of Attenlx)roiigh's lost long-beaked echidna frtsni SES Explorcr Kcn)pton whg
JJ)ade the redi5covy during his SES-SUPPOrtcd Fapulition Cyclops. We welcomed eight new members to the Advisory
Board:
Preei Chandi MBE
Dftmon de L&4zlo DL
Colonel Martin RoTnilly OBE
ReTA Pakn1Va￿ FRGS
Haydyn Tanner bRGS
Dr Al¢xander.FllJD¥u
TJ Halbert8ma
BLmedictAllen FRGS
Tlie Socidy publi8hed th¢ third cdi¢ion of its new digilal publiC8tio￿ Exploralion Rev¢ale(L in NovezDber 2023
hybrid magazinL' t]Mt aims ￿ 8dv8ni¢ knowl¢dg¢ aboul, and provide peer-to-pfKr support for, SLLcnlifi¢ Illd
advcnlur¢-Icd ¢xpedilioD5. It h&$ been crcatcd with a view to Icaniing throuyh support, shared expaienLes, and the
pa85iiJg on of kt￿WIcd8c.
The Sociely continues Io BUPPOrt community aid work, in ￿njU￿¢t10n with ¢h¢ Ch8rity Ju81 a Drop, urricd out during
expeditions led by JOI￿ BIHthford-Sn¢ll.
The Soci¢ty unites with high quality, innovative and pioneerin¥ scientific ￿pIO￿tIon by endorsing independently-run
expeditions ihiit Ineet the Society'8 objcclives.
During tknL' year, the following expcdiliolls have be￿ endorscd..
Scott P&llctt- Valkyrie Expedition (Greenland)
- Rosa Vasqiiez Espinoza- Tile Hithlen World of Amazonian Stingles8 Bees (Peru)
- DT Timm DO￿lft and Lea￿￿ ca￿1¢rc- Wings of Survivul (Ala5k8 to Patsgonia)
- Ella Hibbwt- Ella irt the Ar¢tic (Arclie Ocean)
SES members fTieDds b8ve received llwnthiy u¢wsletters keeping then) #breust of the Society's news and events.
SES SDcial media has a stron8 aftd ever-increasing followsng and has been kept ￿1]Y active with rich and rel￿0t
eontent about scientific discovery. research, and consLrvulion, ￿]SIng awareness of the issues to art engaged audience.
Member# T¢ceived the Society'5 atmual l]agsbip publication in Jdttuary - Ihe Scientific Explorer Anttual Review 2023,
which gave a wonderful ovthview of life aDd activity within the SES con]munity. Metnbelship contillues to gTOW and we
wclc¢)mc ttew manbers every month.
Th¢ Socicty's Explorcrs Facebook Group conlinuGs to grow and c￿bleS cvcryoDc to kc¢p in tou¢h and 5b8￿ cxpcdition
stOriCS BDd thc bcncfit of hindsightto shapc cxpcditioDs.
FINANCIAL REVIEW
Irin8ncl81 po$£ll(bn
The Cliarity made a net SU4)lus of £3.188 for th¢ year Comp￿d to & $ury)lug tbe previous year of £29.617. Total illCOTne
deertased by £10,620 to £137,154 with donations droppillg from £77,961 to £59,116. Total expettdi(urc of £133,966
Was £15,809 higher thon tlie previous yeAr with explorer awgrds being £14,8(K) Iiigber. The Ch2rity. ha8 8 very
satisfactory level of c8sh and rese¢ves however tlie Trustees recognise that new fi]nding is required to c(Fntinu¢
¢)PQfdiions on80ing basis atMI Ilie f¢Kus on 82ining sponsorsb2P to cover Society's rU[￿illg costs and secure its
fuluie ¢onlinues. Tne Trustees believe iliat ibe Cbariiy lths adequate available reserves and are ¢orifjdent that SES ¢a
conlinue to e4tsbSith a fully position in the ￿luTe.
Page 3

•Ji
PORT
FINANCIAL REVIEW
Inve5tm¢nt poilty objettlves
These are governed by the Memorandum and Articles of As60ciaito￿ which perniii the fimd8 to bc illvested any
sccurity ￿ may be tbought fiL
Re5erY29 pollcy
The Tnjstees seek to mointain adequate Unr￿tricted r￿erVeS to enable the smooth d8y-tO-day operd¢ions of the Cbarity.
At 30th June 2023, the unrestricted r¢s¢rves of the Charity were £268,171.
The Trn8tec8 c4nsider that the of the Charity 8r¢ sutTicient to m¢et the Charitys obli8atioDs on a fjJn&by-fund
STRucfuRL GOVERNANCE AND MANAGEMEP
Governing document
Sci¢ntific txplotation Society was incorporhtcd OD 13th Nov¢mb¢r 1973 IT¢giskrcd company numb¢r 1145214) and
rec¢ived charithbl¢ 8tetus un 26tb April 1974 (rcgi8lered charity number 267410). Th¢ ChuTity 1$ ? wmpany limitcd by
guarantcc and i& governed by its MeD]oMnduJn aud Articlcy of Association dated 18th November 1973 a5 Isst
in Jonuury 2019.
Recrultmtnt #nd hppolntmtnt of new tru8te
The articles of Association allow for a Council of Membth (TnLStees) for maDa8¢Iti¢nt ofthe affairs of thc Charity,
which sh911 consist of not les¥ than 6 nor more 10 meTnber& Honorary officers rnay be appointeil by th¢ Trust¢¢8
from tim¢ ¢0 lin￿. At AG￿l Any Tn￿￿¢ thppointed since the 18St AGM shall cease to hold office but shail be
eligible for Te-¢lcctioD. In athlition. one third of T￿￿1￿ l¢xcluding c￿opted TLWte¢s) sball retire but shall be eligible
for Te-ele¢tion. those who hav¢ served long¢5t shall retkte fir8t. Thc Trustees have th¢ powci to ctropt a member at any
time to Serve fur a 0￿XIT￿￿￿ of12 months, aftw which they shthll be bligible again for LLH)PtiUJL Thc nuTnbcr of p¢rn
eo-optcd shall n(rt exceed 10. All members are ¢i￿Ul8t¢d with iDvitslioD5 lo nominate T￿Ste¢S prior to tIL¢ AGM
#dvi5in8 them of th2 retiring Tru$tees and reque5ling n¢)rninati¢)ns for the AGM.
OrRanh#tI0n￿ itrutture
Th¢ board of Tn￿tee$, which normally meets four lime8 a year. adminisler ihe Ch&rity and are responsible for All major
d￿l$lOn$ of th¢ Charity r¢gaTding activiti¢& pric￿% s¢aff salari¢s, Capital ¢xp￿dI￿￿¢ and inV¢sttn￿t of fund5 os wdl &5
the Strblegic direction and policy of thc Chfirity. Staff are subject to annu￿ performance revicw and job spEcificatsons
Bive cleardetAiI of roleg and rwttsibilitie8.
ltsductlDn And trAlnlDg of ttew truite
New T[￿*1¢￿S Dre given copies of the MeMOrnDd￿ and Articlc$ of Association, latcst accounts and dethils of cU￿t
fIn￿¢10] stAtsdiDg, and Charity Commis8ion litcrnture re8arding their le￿1 obli8atioDs utmkr Charity and compaDy law,
and infornid of any changes &$ and when they beeome known. They are Also given copies of all current polieies agreed
by the Charity. All Tn￿te¢S kept ftnfom)¢d Abo￿ aad vote for, th¢ adoption or otberwise of tlt¢ otmual budg¢i
arc encourd8cd to atte1￿ external ￿]nIng events wbicb could improve theirrole &4 Thistees.
REFERENCE AND ADMif41STRATIVE DETAILS
Regl$teYed CompAny number
01145214 (En8land and Wales)
Registered Ch4rity llufftber
267410
ReElSttred office
Mullins Mead
Donhead St Mary
Sh&ftesbury
Dorset
SP7 9DS
Pag¢4

EXPtnRATtON
REPORT
E TRusfEES
NDE
Truste
Miss D M All¢n
Ms B Jcfftey
MrP M Felix
MrTBMo&q
Mr D Zeitlin
MSB Turner
MrJ Fish (ajwillted 2Y112024)
Independent ExamlDer
Dr ShoDa F Wardrop CA
Chariot Hous¢ Li]nitcd
Chartered Ac(KJunt8nts
44 Gtand Parade
Bri8hton
Ea8t Sussex
BN2 9QA
Banke
Natwegt Bank Ple
The Commons
Shaftsbury
SP7 8IY
A'pproved by order of the board of trugtees on.. .
and sI￿d on itg behalf by..
Mr D Zeitlin- Tn￿1¢¢
Page 3

LSOF
EXPL
Independent ¢X4mllleT'% ￿e￿rt trj the trMteeA of The Sdelltlfie ExpkntiDn Sotw C¢he Company.)
I retKTrrt to the ch8ritytrwl¢es on my exami1￿10n of the accounts ofthe ComtADy fortheyear e[￿ryI 30 June 2024.
Responslbllltle% *ttd bash of report
As the rhatity's tEUStCC5 of the Colltpny (aThl a180 its dir￿5 for of compary IAW) you re$w￿￿1¢ fv
H￿ing ￿l￿fIcd l￿￿elf that the a¢o)unts of the Compaoy are ts)t required ￿ be auditrd uth Part 16 of the A
and are eli8ible for indepeknt ¢XanJiD￿¢)￿ I rewt in tespect of my exarnin7￿ of Charil￿s accounts &s Lanied
out utsder sectio￿ 145 of tb¢ ChaTiti¢5 Act 2011 Cthe 2011 A¢tJ In carryll￿ Out my examtDation I have followed the
DIrethi￿$ ￿Yell by the Chty CoJmissionuThkn Sedion 145(5) (b) of the2011 ACL
IDdeptndtntex*minerfs
I have complctcd rny cxamination. I p)Dfirm thal have c(the to My att￿t10Th in 0)nn￿ with the
examitiatioD givius Tne to kii¢%r:
ccow)ttDg record5 w￿e not kept in r• of the CoD)pry as r4vitedby secti￿ 386 of the2(￿ Ae¢ LY
the aecollttL8 do notawd with thoseTecord%" or
the aLcount¥ do not comply with the Twiirrnts of Sedion 396 of the 2006 A￿ ￿eT ¥ny
examinatiofy or
'the aeeounts hkve tsot beth prepAred in A¢e4)Tkn with the rncththL4 and principles of tht Statement of
Re¢omrneTrded Pradi¢¢ for ￿￿￿tIng WMI r¢pNting by chariti¢S (applicabk to dwities prepaTill8 thcir accouDty
iti a¢eor&we with the FiTllneial RwtiD8 Standard 4wlirnbl¢ in the UK 8trJRybli¢ of Ircl8tyJ (FRS 102)).
Sk_- J_aT*
Dr Shona F Wttrdmp CA
CboTiOt House Limibj
CharteTed Accountants
44 fjrnnd Par4de
Bri8hto
East Sussex
BN2 9QA

•Ji
NT
ED
2024
Total
2023
Totsl
fullds
UTwe51ricted
Rc5tticted
INCOME AJYD ENDOWMENTS FROM
Donations and legacies
23.226
35,890
59,116
77.961
ChgrltgblE 8LtivStiE
Charitable Activilie8
15.786
15.786
16.155
Other tT2ding activities
Imitstm¢nt iftcome
56,225
3,652
1375
58.6
3,652
51.944
1.714
Totsl
98.889
38.265
137.154
147,774
EXPEI¥IDITURE ON
R&i8in8 fimds
19J67
5Crf)
19.867
16.770
Charftable actlvlde8
Charitable Activities
73,936
40,163
114.099
101.387
Totxl
93,303
40,663
133,966
118.157
IYET INCOMVJ(EXPENDITURE
5.586
11398)
3.188
29.617
RFLONCll,IATION OF FUNDS
Total fundq bft)u8hi ftsn¥ard
262.585
14.845
277.430
247.813
TOTAL FUNDS CARRIED FORWARD
268,171
12,447
280,618
277,430
The t￿t¢S forni part of these fjnancial statements
Page 7

RATT
KR: 11114521
ANCK S
2024
Tothl
fjmds
2023
Total
funds
Unrestricted
fimjd
Re3tricted
. fijnd
FLXED ASSETS
Investments
i￿j
loo
CURRENf ASSETS
Debto]5
Cash at book
1571
293259
1571
305,706
1,155
307,328
12.447
295.830
12.447
308277
308.483
CREDITORS
Amounts f8lltn¥ due within oncycar
(27,759)
(27.759)
(31.153)
NET CURRKNT ASSKTS
26¥,071
12.447
280.518
277,330
TOTAL ASSETS LESS CURRENT
LIABILITIES
268.171
12.4147
280.618
277,430
NET ASSETS
268.lti
12.447
280.618
277,430
10
unt¥strId￿ fiu
268.171
12,447
262,585
14.845
TOTAL FUNDS
280,618
277,430
The charitabk cotnpatty is cntitl¢d to exemption ftom audit undcr Section 477 of the Companics Act 2006 for the ycar
ended 30 June 2024.
The mernbern have not required tl)e company to obtain an audit of its fmancial Stat￿￿ents for the year ended
30 June 2024 iti accordaner with Section 476 of the Companies Act 2006.
The th￿tee5 acknowledge theirTwibilitic8 for
(J)
ensurin8 thot the eiwitable company keeps accounliJ)g records that comply with SeLtion8 386 and 387 of the
Companies Act 2006 aDd
(b) . prep￿Ing fin&nci81 st*ments whith 8ivc & true bttd fAir view of the sthte of AffBirs of the ¢baiitable comp2ny #s
t the e[￿ of eaeb fmattcial yrtr and of its surplus or deficit for ea¢h fjD&ncial year in accordan￿ with ibe
requirements of Sections 394 Hnd 395 ond which otherwi￿ cornply with the requirements of the Compani¢5 Act
2006 relating to financial slatemellty so far as applicable to the cbaritable compny.
The Mtes fomi pgrt of these fman¢ial statements .
Pag¢ 8
continued...

These fu]ancial stal¢m¢tts have Ixen prepared in a￿)rdance with the provisions applicable to charitable coinpanies
subject to the 8wII ￿mpani￿ Tegim
The financial statements were apprnv￿ by the Bosrd of Tn￿tteS and a￿t￿lsed for i&q
.. aud were si8ued ott its i*half by:
D Z¢itlin- Tn]stee
Pag¢

ON
oc
NT
ACCOiIIYTING POLICIES
Bgsl8 of prep#Tkng the nnanflal stAteDwnts
The fi[￿￿181 slaternents of th¢ chHTitsble company. wbi¢h is a public b¢n¢fit ¢ntity under FRS 102. h8v¢ be¢n
prepared in accordance with the Clwiti&4 SORP (FRS 102) 'Accounting Re[￿ing by Charities.. Stat¢m¢nt
of Recommendcd Practice applicable to charities preparing their accounts in accordsllce with the Financial
Re￿rtIng Sthnd8rd applicable in the UK and Republic of Treland IFRS 102) (eftective l JaTLuary 2019),.
Fitiancial Reportillg Standard IIY2 The Financial Rcportin8 Siaudard applieable in thc UK and R4)ublic of
Ireland, al￿ the Comp8nia% Act 2006. The flllallcial statemeDts have beea prqpared ut)der the historical cost
convention, with the exception of investments which are included at marketvalue.
The accounts are prep8Ted on a going conc¢m bgSi8 After wnsideration by th¢ tnL5tce4 th8t there are no rnaterial
uncertJintic5 about thc charity's ability to continuc as a going concern. Such con5ideratioD illcludcs a revicw of
coTrJn]itted incomc aTLd expcndituras, cth flow5 and resmTes. Thc tr￿terS tsot COD8ider that there are any
sources of estimation uncerthinty at the rel￿1ng date that have a SI￿lficallt risk of ￿U&l￿8 A rnatsrial
adjusmKnt to the Ca￿ying amounts of a55ets and liabiliticN within the n¢xtTeporting wiod.
The fin8neial ststcmcnts are Pr￿ in Sterling whicb is the function￿ cumcy of the entity, and Are rounded to
theneaNt£I.
CrltlcAI aceoundDgJudgcments ¥nd key of¢sdmitlon uD¢¢rt•lnty
In ihc gpplic8tion of th¢ ¢harily's accounting policies, the charity is required to make judgmcnt4 e4timat¢5 and
asSUmPtions al￿t thc carrying value of Hssrts and Itabilities thui are not readily appar¢Dt from other 50Uftt4.
Thc astitDat¢s and associated wumptioLs are based on bist()rical ¢xperi¢n¢e and other facto￿ coTr¥idered to be
relev8nL Actual results may diffwftorn these estirnates.
The ¢&lIn￿t¢S aad UDderlyin8 8S8umptLI)JIS 8re reviewed oll AD onBoin8 bAsis. Revisiong to accounting cstimal¢s
are recogDised in tho pcriod in which the c5titnate 18 fcvLSed, if the revision affects only that wiod, or in the
p¢T1￿ of ihc revision and future periodg if (he revision alYe¢ts both the cuirent and fijture periods.
There ar¢ no esLirnate8 a8gUTlJPtioDs that Are considered to have a &i8llific4nt risk of CAU8Lfi8 a mftteritil
djuslments to the fInar￿JaI 8tatem¢nts itt a fitthr¢p¢riod.
All income 18 reco￿lIsed tn the Ststement of Financial Activities once the charity ha5 entitlement to the W it
18 probable thAt the income will b8recolv￿ and tbcomount can be measutcdr¢liably.
Expendlture
Liabiliiies are recognised ￿ expenditure os won as there is a legal or eonstruetive obllgation c¢)nmiitting the
charity to that expendittre. it is probable that a ttansfer of c￿￿0￿1¢ benefits will be requited in settlement and
tbe amount ofthe obligation CAD b¢ me4L8ur¢d Teliably. Expendilure 1$ aceounted for on bn attnmls basis 2Dd h
been Glassifjed under h￿Ing5 that aggrcgate all cost tciated to th¢ caie80ry. Whert Lo8ts cAnnot b¢ dI￿¢t[Y
atknl>utcd to particular hcaditigs they h&vc been 8lltKAt¢d to artivities on o bdsiB wnsistent with thc usc of
resources.
Taxation
The Charity 15 considered to Pa85 the tests get out in P8Tr8raph I Schedule 6 Financc Act 2010 and therefore it
meets the defiDition of a ch8ritable cornpany for UK CoryK)ration Tox purposes. Accordingly the ChBrity is
potentially ¢xempt frorn t￿tion IEL r&we¢t of income or c8pi¢al gain8 r￿cl¥cO within categori&8 covcrcd by
Ch&pter 3 Part I I CorKM)ration Tax Act 2010 or Section 256 of the TaTation of Chargeable Gains Aet 1992, to
the extent thatwh income or gaiy)s 8te applied exclwively to chRritsble pwpos&%.
Fund xccouttttng
Unrt4triCted fijnds ¢8n be used in￿o)rdat￿e with the ¢I￿ltabl¢ObicGtlV¢s atthe disuetionof the truste&%.
Page 10

RAT[
so
FINAf4
ACCOUNTING POLICIES- contlnlled
Fund attountlng
Restricted fimds Can only be used for partiCLilar restricted purp05e5 within the objccts of the ¢lwity. Res'trictiotts
arise when specified by th¢ donor orwlLen ful￿8 ate rni5ed for particuiarLEstricted PULyoses. '
Further explanation of the Dature and putpose of eaclj fimd 15 included in Ihe notes ￿ the f￿￿tt¢1￿1 statements.
Financi￿ iLqtrurneDts
The charity has only financial assets and financial liobilities of a kind that qunlify a8 basic financiol inst￿ments.
Basic fthanciAI instruments ar¢ initially r¢¢o8nised at transacti(In vah]e and ar¢ subsequently me4&ured at their
settl¢meTht ￿l￿e with the excepti(m of, b￿k loatL8 which m￿lured at amortiged eost usitjg the effective
interc8t ro¢¢ho(L
OTHER TRADING ACTIVITIES
2024
2023
Fundraistng events
Other income
54,074
4.526
50,742
1202
58.600
51,944
TMENT TNCOME
2024
2023
Dep)sit account interest
3,652
1,714
NET INCOMEIIEXPENDITURE)
Net irt¢omel(expendilure) is 8fterchorBi￿(¢reditill8)'.
2024
2023
]nd¢pend¢ntExaminers' fee8
1.261
1.230
TRUSTELS, REMUNERATION AM) BENEFirs
Therc were no trustees, mnullet8tion or other benefits for the year C￿Led 30 June 2024 nor for the year ended
30 June 2023.
Page 11

AL STATEME
TRUSTEES, REhIUNERATION AND BENEFITS. contlnued .
The aEtM)untof TeimbuTsed expenses paid vrn5 Inil (2023.. £nil) during the year.
COMPARATIVES FOR THE sfATEMENT OFFINANCIAL ACTivrrtEs
UThTtstricted
Restricted
nd
INCOM￿ AJYD KNDOWMENf6 FROM
DonatioL% and leghcies
39572
38,389
77,961
Ch8rlt&ble actlvltiej
ChaTitsbl¢ A￿1vItie
l6.155
16,155
Other traditi8 activities
Invcsllncnt income
51.944
1,714
51.944
1.714
109,385
38J89
147.774
EXPENDITURE ON
Raising fvods
16.770
16,770
Charltsbie ActMtI•
ChArl￿ble Abiivities
65.142
36245
IOlJ87
Total
81,912
36,245
118,157
NET INCOME
27,473
2.144
29.617
RECONCILIATION OF FUNDS
Total funds brou8bt fojward
235.112
11701
247,813
TOTAL FUNDS CAJUUED FORWARD
262.585
14,845
277.430
FIXED ASSETINVESTMENI3
Shares
group
Ai l July 2023 and 30 June 2024
NETBOOK VALUE
At 30 2024
i(K)
AI 30 Juoe 2023
Page 12
contitjL￿l..

THE
EXPLORATION SOC
ESTOTHE FIN
FIXED AssrfiNvEsTMENfs. coDtlnued
The clwiry holds the ¢nlire i85ued Share witai of OpEtdtion Ralcigb PronM)tiou8 Limits4 a company whicb is
registered in England and Wales. The comp￿lY was cngaged in the markettng of products arisiDg from the
activities of The Scientific Exploration Society. It has been dormant from l July 2010 with its aetiviti&s now
trAtL%ferTed to The S¢i¢tt¢ific Exploration Society. It 15 DO longer seell Dccessary to prq)are a corLsolidated set of
accoun¢s as the subsidiary 15 not ￿￿￿rIaL Separate accounts for thc subsidiary will be available froJTh Companies
House.
DEBTOILS: AMOUNTS FALLINC DUE MTHIN ONE YEAR
2￿24
2023
Othcrdcb￿rS
1.886
685
418
737
2571
1,155
CREDITOBS: AMouNfs FALLINC DUX WITH[4 ONE YEAR
2024
2023
Oth¢rcreilitots
Acen￿d cxpeDS
20.419
7.340
29,417
1,736
27.759
31,153
io.
MOVEMENT IN FUNDS
Net
movement
infiu
At
3W6n4
At Inn3
Unrutrfcted fund8
Gener81 fund
261585
5586
268.171
ReJb4cted
Re5trictcd fimd
J4,845
(2J98}
12,447
277,430
3.188
280.618
N¢t moVwr￿t iti fuTKls, irtcluded in the abov¢ ar¢ 08 follow8:
IncoTDiti
sourc&8
R¢souzvs Mov¢m¢nt
Unrestricted fundj
General fiu
98.889
(93,3031
5,586
Restrleted fulld8
Restr2Cted fund
38265
(40.663)
(2.398)
TOTAL FUNDS
137.154
(133.966)
3,188
Page l3
conlinued..

•Jiw
STATE
R THEYE
io.
CompaTative5 forrnovement r￿TraI
Net
movement
infim
At Inr22
3016R23
Unrestslcted
235,112
27.473
262,585
' Restiicted fund5
Restricted fi￿4
11701
2.144
14.845
TOTAL FUNDS
247.813
29,617
277,430
ComparatiV¢n¢tmoveu￿it in fJ]nds. in¢ludeil in the above are &s follow&
Incoming
R¢50urccs
expended
Movcment
Unrestrieted funds
General fut
109.385
(81.912)
27,473
Rcstrlettd
Restri¢tcd fjJDd
38.389
136245)
TOTALFiINDS
147.774
(118.157)
29.617
The restrict￿ funds are mainly monies r￿e1Ved from sp)nsors of the Explorer Awards. The nionies are for tbe
payinellt of awards under the S¢i¢utific Explo￿10￿ S¢xi¢ty EKplor¢r Awards aud towards the eod of
ad￿lD]StaIn8 thes¢ awards.
IA.
There were no relatedparty trawactions for theyear ended 30 Jut]e 2024.
Page 14

2W24
2023
Donatlons and leRAdes
Don*ions
Gift aid
Grant$
19J32
4,792
34.992
43.(Y)I
3,121
31,749
59.116
77,961
Other tradiThg xtivitiey
Futthising events
Otberincome
54,074
4.526
50.742
1,202
58.600
51,944
Inyegtment Income
Deposit account intcrest
3,652
1.714
Charkable sdlwltl•
subs￿7ptiottS
15,786
16,155
Totsl IncomlDg r•wurfe
137.154
147.774
RalstDgdon4tlons l¢gacles
Futthisitig and publicity
17270
2￿97
10,723
6,047
19.867
16.770
Charitsble 8tlivitie8
Gtants
EAplorerawdTd4
Bursary expe￿￿¢#
10,547
30,250
24.171
23,955
2531
8,703
1,230
45,050
25925
28.S73
2.690
10243
1218
oirice ￿lsts
114,099
101,387
Totsl re50Utces expendcd
133966
118.157
Net incomt
3.188
29,617
This page th)es notfomipart of the Statt￿Ory fuwiciai statements
Page IS