REGISTERED COMPANY NUMBEIL: OIA45214 IEn8land and Wakn), Bri8hts)n Fast Sussex BN2 9QA IELYrtnC EXPlnR R THE YÉAR 311JUNE 2025 Rqx)rt ofthe Trn51ees I to 6 Indep￿deftt E￿￿er,$ Rewrt Balance Sheet 11 to 15 16 tbe fiTwicial srateKll￿ of tbe cknity for tbe ye4r etsjed 30 Jutse 2025. The trustees bave thpltyl & provisions of .accoi]nts in accokn with the FinancIal.Re￿ StaThl8rd appliLxb!e in th¢ UK alld R*lic of Ir¢l4Dd (FRS. Iir2) (effective L JaDUOry 2019). . , Objectlves 4Dd.81Ths , Th¢ obje¢tive8 of the Charity are kn prot1￿tr. and ex￿o1t10rts for the explthatsll of d￿Illg regions of..the eatth for the puq)ose of advancing k1￿1* 0£ ct ￿search or for t￿pU4￿C.0f ducatiD8 iDdividuak i 88 photogr4>14 .fi]tDS gnd ixM)ks d¢Tiv¢d from th¢ &tIvit￿ of Scicnt& Explorati￿ s￿iety. (Imtion Ralcigh PmmotioELS LiEtJited is n¢)w &ikKmant L))SJPW. blle benefit F￿ffi l April 2008 section 4 0! the A#.2011 rrypir¢s. all clwities to mcd the4egal requimn¢nt th2t.its aims . two key priticxplu to iu i)Tder ts show all oryanikn¥ #ints are for the ￿bIl¢ fir￿y. thete must be an id￿tir￿je iKnefit and sec0ndty.thataefitm￿rf1Xto th Fjic W¢itr¢l . 'ATC])aeologj￿ ProJ'e£l (MonteDegro). ' ELODJE, SANDFORD EXPLORER AWARD FOR AMAIEUR PHo￿RAPHy ￿ Mita]i. Shukla: ' ExF•Jition Palawan (Plulippin¢s). ￿qin Kapua8 Hulll(Inthmesia). LostMot)key of th¢ Clouds IPwA ' 0￿ EXPLORER AWARD FOR, WCUPATIONAL & ENVIRONMENfAL IIEALIE ￿'DanIel Grace.. Living5toDe Revi8ited 2024 (Zattthia). ' SES EXPLORER AWARD FOR INSPIBATION & SCIENfiFIC TBAILBLAZING Alyssa Sargent Hummingbrd's "Eye View (colon￿111 ' SR8 YOUNG ScIE￿IFIc EXPU)RERto Jxk Dalt¢K4 ￿DWJty&pX￿[￿JbY Pctsand JUDE F¢liL . SES PIONEER wrrH PURPOSEto DrPauia KalLUt[th￿. ' JOHN BLASHFORD.SNEtL EXPLORER to Eua Al-Sbamah4 5EK)ThYMEdbyThede Iaszlo Fowidati(llL ' . SES LtFETIME AcH￿vEmENT to Sir RaDU]ph FieDTK4 prO￿j1Y by all]￿1)ph￿ Wri8btFRG& SES is extsEuKty 8rntebJl to its Explcrtr Avmd artd How Aw8td Splls￿S. the SES Awaftls Cotttsftittee, ￿d. the Headline SpofjwRS Couege of&wts. for young individua]s from le&8 adv8nts8ed bxkwnds tn the UK to cznb2rk on traD￿ve volunteerin8 otwMThiti¢s atroa(t River Ex￿dItion * tbe Royal Gwpknl rnisti)8£9J49. J8DW saw the lauDctrL of a rKw S￿leS to enable ow cottllnwllty to get to know our atiwitig family of explorg5 nd to entertai4 iDfi)Tm and insptre. (tr are available and ots 811 the key platf(mDs ittc1￿11Trg Spotify. m￿810 P(ylBc4 PIMkba5er, Awle and YouTul ' Epith l . Ra5ie StatKer (Bn"iith explorer pl8r *lveutrn WIK) has &hIeV￿ ￿￿Y'￿ts, and wcdd-bThknng World Rtcord8 ill January 2(Y23. the longest solo 0￿WaY ￿lar ski jounKy for and thc longest 8010 ￿￿Upp(thl one•way polarskijoumey oveAll). ' Episode 3. Lw Shepherd (Britith &wlorer Twh) picAK¢rn women in exp1orntl(￿ aThl explorts the uncharted places cffl our planeL Sh¢ films and ￿Tite$ abwt ]w exp&jitiO￿s cttating uplifting and thou8ht4Kovoking conient that illspires ihe RATION RT by the followtng iodividuals forwbichwe are truly ￿efvL. . ' Colond John B]ulJfoTd.Sn¢ll CBE ' Peter Felix CBE '. June Howell-Jones Gail Lloyd ' Robat Atwotei fiTSt time by our new Paw His Royal Hi8hw Th¢ txthe of Edmw Updates and progre￿ reports were 8iveA by Pctcr F¢lix. John B]ashfor&Sn¢ll And DwJie] winner of the Ollea Expltr¢r AwaT(L We welcomed four new mbus ￿ the Adyi￿ry.BLWrd: ' TJ H4lbertsma ' D8ni¢l Leeb ' Prin¢¢¥s A￿¢[￿1 So￿1 , . Tn Fetrv&y.:Pet¢r Felsx h&8ted en Ameri￿ Friuth of SFS fiTthwD8 dinKT in the USA which the. impressiv¢ ,8um of $24.500 48 well As rai5in8 awaret￿ thtse of SES. Thi3 r¢suityJ in the lau￿h of the ATncricJn Friends Explw )rmry award proudly sponwred by Lig 0￿1 court￿ P￿ which will be pff8Oted ￿ the 201$ OsLif8 of Expl(ttiionpre8¢ntalRon evening alon88ide all the oth¢r The SES CLmwn￿lry enitiy¢d 4 full progTonTh of it)8piMtlon￿ Explrrff Seri¢5 tslk4 held at the Holl￿¢Od Arn15 in LondotL We are hugely 8U our spakus who sa￿0￿]Y we up their ttme to sh￿e ther riveting ¢XErdition ' Oli Fran¢¢. Ihary ofaD Expedi¢1{￿ L¢pAIEt ' James Ketnpton. E¥peditioD Cyclqjs '.Dr Catherille Hauw. Effc¢is ofL￿d An]rn￿ Huotrg ' William de L￿0. GB Row Ch8Jl¢Dg¢ ' IS￿ Kenyan- A Worl&Fit¥t Ee￿Adva￿llE ' Bth. Hender50n. Into the Green Aty ' Torn Allen. The Transcall￿A￿A Trnil ' Dr Rosa va4ue£ EspiDm. Am87Mian StiD8le&8 Be The publisl*d the editmm of ity di8itsl pth}it•tio￿. Espl(ntion R￿le1£ in.SepthE¢r 2024 . a hybrid n￿gazIne thAt. aims to adVa￿t knowled8e. alxW arml pmide pecr.tw suEwt for. scientific and adventtwe&led expeditions. It.h&s been"created witb a view to IcarniD8 through 8b3rry] expuieiw ard the wyiti8 on or knowled8e. ¢Xp￿ItiOns led by John B18sF&¥￿t￿1l. Thc So¢iw utiitC5 with hi￿ quality. itrA)vth aThl PiLKKCTtng S￿entifiC expl￿tiOn by ekninB indwdently4 . Roy ChapJDanAndrew8 Le8xy F￿di￿On (m(￿&011a) . Global Atm05ts Pl45tlG5 Survry (GAPS) ' GB RowChall￿t (uni￿lKIn8dLMD) NTIFIC EXPU)RATION S ETY PORT A￿{10 P¢N (Peru) ' ' Sutsi Khairkban Expedition (MoR)golial ' Closinu the Cwy Research Gap in WtstAfrica (Ghat)I WestAfrica) ' Chipembele Nattwe Field Ccntre (ZAmbia} SES rnembu8 aDd friends have rec¢iv¢d Thinthly n¢wslettets keepittg them abre4Bt of the SocieW$ new8. attd events. SES SOCIRI media has a Stron￿ and evcr-incrca5in8 following and has b¢en kept fvlly active with rich and.. ffleva content aboutscientific discov¢ry, res¢Areh, and conservation, rnising 8wareD¢s8 of tb¢ iswes to aD 6ngagcd audienc Metnbers received the So¢icty's ann￿1 tlo8ship publication ill January - the Sci¢ffjtific Explorer knual Review 2024. which 8Ave a wonderfijl oYervi¢w of life #nd'ti¢tivity'Wthin the SES CODllDUDity.'Membership continues ￿ grow and we l¢om¢ n¢w membejs every month. Th¢ Soci¢￿$ Explorer8 Facebook Oroup eotttinues to Brow and enables evrAyonc to k¢q> ift touch'wid"8hare ¢xpcdilioD 8toti¢8 and the benefltof hindsight lo shape futyre expediiions. FINANCIAL REVIEW Fln#ndal poslllon The Charily made o net Su￿lUS of £20,1 l7 for th¢ year compaffd to a sU￿]us thc ptcviiw y¢or of £3,188, the thild yc8r in a row with a swplus. Total income increased from £137,154 to £185228 with doDatii)Th8 iwr¢asin8 from £59.116 to £95,737. Total ¢xpenditurn of £165,11 I wes £31,14S higher than. th¢ prev50us yellr wtth imyeased activitic5 ' &CTO88 fundrnisrng and charitable activities. The Charity has a v¢ry 541isfactory level of and re$erve5, however the Tru8WS rxognise that new fimdin8 is required to continu¢ opcru(ion8 on &n ongoing bll8iS and the focu5 Oll ￿lDIng sponsorship to cov¢r th¢ So¢iety5 tunnin8 costs and s¢cur¢ its fvtsjre contin'ues. The Trustee8 believe th8t the Cbarity h&8 adequate available rey¢rve8 4nd confident that SES can continue to ¢slabli8h 4 fvlly funded p08iiion in thc fij￿[¢. I￿ve￿¢￿t pollcy and obJe¢tfves The8¢ ar¢ 8ovcrned by the Men￿rand￿m ond Articles of A880¢latio￿ which ]￿nit the fillmls. to be Invest￿ in any s¢¢urity &8 bc thou8bt fit. Reservu pollcy The TtU8tees 8eek to maifjtAin thqu&te unre8triebJ reserve8 to enable th'e ￿00th day.tfrd&y ￿TatiOnS of ihe 'Charity. At 30th J￿¢ 2023. the unre8trieied reserve8 of the Charity were £285.910. The Trustees consider that the of the Charity are sufficient ￿ me¢t the Ch8ri01$ obliwions ￿ a fund-by'_Ilmd buis. Golng concern The Tnut¢e8 Brc of th¢ opinion that th¢ u8¢ts and re8¢rw of th¢ ajarity, 'itt the li8ht of its committed ' incoine, expelldrti￿Cs and flvwg, are ad¢quth to SUA)Ort its 0tr8oing athiviti¢s and obli8ations. STRucfuRL GOVERNANCE AND IIIANAGEMENT Governlng doeument Sci¢ntific P￿pIora￿0n Society was on 13ih NoV￿nber 1973 (T¢gist¢red compwiy ftumbtt 11452.14) and r¢c¢iv¢d charitable sla¢￿5.01) 26¢h'April 1974 (re8lSt¢red ¢harity niimber 2674101.. The Chtirity 1$ a eothp8ny limited',by 8UthDtee and is 8ovenJed by its Memorandum and Articles of A8sociatioll d#*d 18th November 1973 &8 1&8t wnended inJRnv8ry 2019. RecnthDt and *ppolDtment •fnelv trnytèei The ariicle5 of a&wEiation ajlow fvr a CvuTr¢il of Mtmb¢rx (frus￿0%) for tbc manll¥ttnient of the. atTBir8 of the Charity, which sball ¢on8is¢ of not I¢s8 than 6 nor mor¢ than 10 m¢mbers. Honorary officers may be appointed by the Ttwstees from titne to tttiK. At each AGM. any Trustee apN)inted since thc I&￿ AGM slMll"ce4sc to hold office but shall be eligible for re*leLtion. In additiO]4 one thi￿ of Tni5tees (excluding c￿ted Th]steès) shBII tetire but QJ8ll be eli8ible for re-¢lw¢ion, thos¢ h&v¢ s¢ryed longest sball r¢tir¢ r￿SL 11)¢ Th￿te¢S have the power to cfyopt 4 member ot ony time to serve for a m￿lInl￿) of 12 months, aft¢r wbich they sball be ¢liBibl¢ again for ¢Ow(>Ption. The ni¥nber of person$ )-OPtd sba]I twt exced 10. All m¢mbers are cir¢ulataJ with invitatiotjs ti) Dominate Truth pnor to the . AGM 8dvistng them of the ￿tIring and requesting nominAtiOTLg for the AGM. Pa8e4 Orga*ts#lltsna] structure The board of Tn￿lee$, which noTDully rr<¢ts f￿ times a ytar. the ajarity a￿1 are rwl)le for all tt)ajor the strategic direclioll and pjlicy of the C￿lty. subirtt th emmmi E￿Orn￿ce ￿VIeW and job wificatiOJLg giveclear ddail ofrol&8 and 1rspx￿￿i￿ltt￿. rrtwicial Charity Commi*ioll ]it¢ratslle regardiDg their legal obligations Charity and cotnpany law, aJMI infornKd of any as and when tbey ir¢ome They a￿ also givai copies of all oJTrent policies aye)J by tbe Charity. Ail Tntst￿5 ao kw iDf(Kmed alw aDd vote for, the or Oth￿￿￿ of the atstwal a￿1 Registered COmp￿Y Dumber 01145214 (Engl￿￿ 8TMI Waks) 267410 Mullins M Dot)he4d SÉ Sbaftesbwy SP7 9DS Tru8tee5 Miss D MAll¢ Ms B Jefftey MrP M F¢lix MrTBMos8 Mr D Zeitlt Ms B Turner MrJFi Independeat Examiner Dr ShonaF Warty CA Clwiot Ho￿t Limitrd 44 GraDd Parade BTigbtOD BN2 9QA Na(w¢sÈ Bank Pl Sbaftsbury Dorset SP7 8JY Approvedby (th ofthelK*rdoftrustees on..-..........................-........ and si￿￿0￿ itsb¢h8ifby.' -•Ji¥diii Ii4TION REPORT OF THE EPEND IFIC EXPLORATION S Ind¢wdent ¢x*mintr'$ reptsrtto thetrL%tees of The SdentfftExplor•¢b)n Soclrty Cthe Comp￿Y). . I r¢port to the charity tnL8teeson my examin￿ ofthe of the.Company for th¢year t￿1￿1 30 Jutte 2025. As th¢ ¢lwity's tnLSte¢8 of tbe (aTd its d[te¢￿ fct the pww6es of con]wy law) you are respon￿1)1¢ for . Haying satisfial myse￿that th¢ xe0￿ts of the Cowy sle not rwuted to be audited Part 16 of the 2(K>6 A¢1 out ulldu Section. 145 of the Ch￿ltieS Act 2011 (Ihe 2011 Io carrying out my exami￿tion I bav¢ follow￿ the Dire￿10￿8 given by the Ctr￿rIty COMMI￿ Section 145(5) (b) of d*2011 the accounts donot acC￿d with th)se rtrt. OT the XCOUDts th) not cOn￿lY with the aCC(rtm￿ [equm￿ of S￿￿10n 396 of the 2￿ Act othet.tbw aÈ)y exan]it￿tiO￿ or . ill aecordantt WAth d*FIll•￿1￿ Rwtitig Stattdard 4￿￿¥ble inthe UK2wl Ryblic ofIr¢]aTrJ (FRS 102)).. . DrS]m F Warthg CA Brighton Elst s￿￿eX BN2 9QA AT 2025, Total Totsl Lk)nations and legxles 44.456 51281 95.737 59,116 Cbaritsble 4Ctfvl¢ie5 Charitsbl¢ ArtTViti 18.766 1&766' 15,786 trading activitie8 Inv¢slm¢nl tncoll 62,477 6,023 64.702 6.023 S8,6[￿1 3,652 131.T22 53J(I5 185228 .137.154 EXPEIYDfTuRE ON .Raising fuDd8 31.829 31.829 19,867 Cbarltlble #etlvltks ' Ch8ritslAe Activities 81154 51,128 133282 114.099 T•tAI 113.983 51.128. 165,111. 133,966 NET INCOM 17.739 1378 20.117 3.188 RECONCILLITION OF FUNDS Totsl fimds brought fotiv 26&171 11447 280.618 277,430 TOTAL FUNINS CARRIED FORWARD 285.910 14.825 3(K).735 280,618 THE SCIENT IC ExP￿RATIo JUINE 20 2025 Total . 2024 . Total , fitttd Jnvestmellts 100 l(K Debtors Cash at bank 2,571 305,706 31 IJ09 14,825 326J34 318.603 14,825 333,428 cRED￿ORs AMOU￿ falling ¢kn within oncyear (32,793) (31793) (27,759) CURR￿￿ ASSETS 285.810 14.825 31MI,635 280,518 TOTAL ASSETS LESS CtIRRENr 285.910 14,825 3￿).￿5 280,618 NET AssErs 285,910 14,825 3(K),735 280,618 10 Ul￿¢8￿1¢ted ffiJDd 285,910 14,825 268,171 12.447 TOTAL FUTr4DS 3(K>,735 280,618 ThE cbaritsblc co]wy is ¢ntitIed to exemption frojll audit under S¢¢ti¢)n 477 of the Compan2es Aet 20(hS for the year ended 30 June 2025. The n￿rnI￿r5 have Dot requirnl (he to obtain audit of its financial statanent$ for the y¢aT ended 30 June 2025 in aceon]attce with Section 476 of the Companies Act 2006. The tiuste¢s acknowledge tI￿ra￿)nSibilitieS for (&) ensuriDg that the ¢harttable c(Jmp8ny keeps accountiti8 records that comply with Sedioos 386 and 387 of the Companies Act2006 and preparing fin￿CIal wbi¢h give a tnjo fair view of the stste of affairs of the elwttable compgDy at the end of each financial year aThJ of its surplus or deficit for each finan¢iai yw in accordance with the requirements of Sectii)Dg 394 and 395 and whith Otherwi￿ cowoly with tbe requirements of th¢ CompaDi&S A 21KJ6 rehting to fir￿la1 statement4 so fara& app]icable to th¢ cbarit8bleeonw8ny. (b) The.ngtes !onryp8rt ofth¢se financi?1 . Page 9 Thesc. fin￿¢1￿ statements have been PT¢pared iD Kwrd8nc¢ wtth the pt(>Vi8iODB applicable to charitsble companies subject to the sma]J c4)niF4ni¢s regi￿¢. The.fiDen¢ial 8tst¢rn¢nts were appmved "by the Board" of TTUStees aod aUthoFiS￿ for on and wexE sigll&J oll itsbel)alf by: D Zxidin- Tn￿te¢ The Dotes fomi part of financial 5tatcments Pag¢ 10 E 2025 AccouNfiNG POIJCILS Bath ofpreparfng the fAnand¥l $14tements Reporting Standard apwli¢able in fbe UK and Ryblic of.Ireland (FRS 102) (effectiY¢ l January 2019),. FRDancial Rewrtin8 StsDdard I￿2 Tr F]DaDc1￿ Ryrtin8 Stsndard 2pplicable in the UK atKI Rwblic of . C4)nvelltiow with tbe exwion of iThVeS￿tsWti1¢b are included at D￿et%￿lle.. uncethinii(* ab¢Mt the c]wity8 8bilxty to as a going co1￿ Swh o)TL%ider8tI￿ includ&% a review of the ne•re& £1. assumptiODS ab)ut the carryiog value of &4ets aTMI litibiliti&s that are not re*lily atvar¢nt from other sourc¢& .. aTr r¢¢ogt]lS￿ in the Fwiod ill which th¢ estiowe is revi￿ if the affects only th8t pai0￿ or in the Incomt All incojne is in the ststemc￿ of FmwKta] Acstvities 0￿¢ elwity h&s etititlement to the futtd4. Xt is probable11￿ the ith>)nK.will k receiva and the an￿1 (al ￿liAblY. harity to that ¢xt%nditut4 it is proE¢bl¢ tb& a tr8Dsts of ffQnon￿ ￿￿efits will be requittd, ID sCttIen￿t and Tmtiort The Ch￿lty is CA)nsi&reAJ to pass tests sd (￿t ID Pwaph I S¢h