REGISTERED cO￿1PANy NUMBER: 01436807 {England and Wales) REGISTERED CHARITY NUIIIBER: 292647 REPORT OF THE TRUSTEES AND UNAUDITED FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR THE REMOTE SENSING AND PHOTOGRAMMETRY SOCIETI. {A COMPANY LIIIIITED BY GUAIL4NTEE) tcp Croii. Hill Drii'e Mansficld Notlinghamshire NG19 7.4E THE REIIIOTE SENSING AND PHOTOGIL4MMETRY SOCIET CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 I¥IARCH 2025 Page Report of the Trustees Independent Examiner'$ Report Statement of Financial A¢tivities Balance Sheet Note5 to the FinA￿ClaI Statements Detailed Statement of Financial Activities THE REIIIOTE SENSING AND PHOTOGIL4MMETRY SOCIET REPORT OF THE TRUSTEES FOR THE I'EAR ENDED 31 IIIARCH 2025 The trustees ivho are also directors of the charit%. for Ihe purposes of the Companies .4ct 20Lkn. present their report with the financial stat¢ment5 of the charitw" for thc N"car cndcd 31 March 202). Thc trust¢cs hai'e adopted th¢ provisions Ot Accounting and Reporting bv Charities.. Statement ol- Reiommended Practice applicable io Lharilies preparing their accounts in accoidance ￿1th the Finan¢ial Rcporting Standard applicablc in ihc UK and Rcpublic of Ircland IFRS 102) (cffLaiTrC l January. 2021). OBJECTtVES AND ACTIVITIES Objectives and aims Thc purposcs of thc charits. is to adN'ancc thL Lducation of thL public in rcmotc scnsing and photogramtnctry. and to proinotc thc bcncfits io be deri￿ed frcim their application. In pursuance of these obje¢ii*es the Sociei! conducts a number ofiechnical meetings Ihroughoul the lJnited Kingdom and abroad. FIP4ANCIAL REVIEW The Year in Review As outlined in the FY23124 annual report. the Directors commissioned some specialist conirac(or resource to better understand the iva), in Th'hich thc Society could address th¢ challenges it il.as lacing. This r¢i'i¢iA" concludcd in the spring of 2024 and. tollo￿li7g a period of reflection during the summer, the Directors decided in Noi'ember ?024 10 ini'est in a nell. Head of Membership and Operations. ThL rolL mandatc is to undunak-c thc arduous task of fundamcntalli" ri-organising tlic Socicti s busincss proccsscs to makc thc charitv rii for the future. In addition. a ne￿. sei of tru51ees lia5 recruiied and thei have prO￿Lded a real impeius to societal growlh. -I'he Soiietv ￿'aS engaged in a N"eai ofrebuilding and considerable iniesimeni in FY?4125_ Significant lime has been spenl speaking lo mLtnbLrs and prospuctivc mLmbcrs about ii.hat ihc!" i"alucd and ii.hat ncii, scn.iccs thc!. ￿antL-d. This inforination has bLcll USLd to d¢￿t10p, improi'e, and create the services Ihat RSPSOC now pro￿"ide5_ This initial transfomiation etTort culminaied in March 2025 M"iih RSPSOC launching a new membership model. a new website, a strcamlincd and morL automatcd sct of back oificL Sl-stcms. and somL improi'cd scrviccs. A ncw univcrsits. mcmbcrship product was also launched al this time. Ke￿ FY24125 highlights: Nei%. oulrea¢h and engagemeni piogiamme ihai conthins oi.er 13 ei"en¢s. Planning commcnccd for a UK Earth Obscr%"ation ConfLrcncc in Scptcinbcr 2026. Nei%. sireamlined awards programme i*"hich has attrac￿d significant lei'els of inieresl. Ediication and podcast programmc for schools and profcssionals cstablishcd and cxpandcd. a critical clctncnt of mccting thc SoLiCt&' s charitable objectii'cs. Evidence proTr'ided to a IIK House of Lords rei'iei%' of interest to the Societs. s community. Ncw website ii'hich has had oN'er 4.fAKI i-isits with an avcragc sta!" length of103 seconds. double the national average. In FY24125 ending 31 March 202) Ihc SocicN"'s total income ii"a5 £31.802. This is a decre￿¢ ot £18.882 in FY23124. This decrcasc 'as large1￿. diie to the number of members ii'ho had retired from iheir iiorkine lii'es. Expenditure was £166.734. an increase of £43:877 compared to FY23124. This signiticanl incrcasc was duc to illN"C5tm¢nt in a ne￿ i4"ebsite. ll¢74" 5ern'ices. and stafting. This invcstment resulied in a deficit of £144.046 compared 10 a defiiii of £55.942 in FY23124_ "lThe Iloard a 4-N.ear business and financial plan, and thc inN'LStmcnts Ic.g. ncw si"stcms such as a ciistomcr rclationship mana2cmcnt tool) madc in undcrstsnding what mcmbcrs and prospeclive members M anted from ihe Societi" are starting io ! ield w)silii"e results. The Socieiv's income streams are no￿. solely from membership subscriptions and inN'estmenl interes( noling that royally income from publications, the mainstay for man!. i'cars. largcl)." Lndcd in FY23124. ThL tncmbcrship SLrvicc and infrastructurc costs wcrc significanL rcflccting thc changc from a prcN'ious scr¥'icc proi'idcr to the originaiion and delelopmeni of a neil, sel of seri"i¢e5_ Costs ai this leiel i￿lI] not be repealed in FY25126 as Ihe SocietN s new infrastructurc has autoinatLd tnani. prcviousl!. manual procLSSCS. A ￿ncf1t of this auiomation is that thc Socictiw collccts its incoinc at th¢ beginning of thc tn¢tnbcrship I'car. meaning th¢ charits" is cash gencratii"e. The Board aims to paN' all our ini."oiccs Tr1"'ithin 30 da)ws. and this has been achieved since the new sl'stems hai'e been intn)duced. The Socien, has used some of lis ini'estments to fund the dei'elopment of neil. services and infrnstruciure. As a result its fixed assets deLlined trom £195,i55 to £186.441. ii'ith cash balancc at th¢ bank declining troin £?6? 796 to £178.209. Thc Socicti. retains sutyicient liquid as8eis io manage its cash flom. needs. Net assets remain healih!.. despiie the decline from £450.10110 £306.055. The Society ha5 rescrves of £306.05) as at 31 March 2025. The Year Ahead The So£ieN' still faces challenges in tn'ing io balance aspiraiions il'ith Ihe ai'ailable resources. In FY25126, it is planned 10 undertake significant cfforts to Lnga2L Il'lth both s'oung pcoplL li'la schools and unii"Lrsiticsl and ii'ith thc v-idcr public to hclp cducatL thLtn about .hal remoie sensing and phologrdmmetr%' are and ihe significani impact Ihei" haie on their ei.ery dai lii.es. In addition. the Sociel), is invcstigating othcr M'aN's of dLIii'Lring lis charitablc objcctivcs. Oiher planned aciiviiies during FY25126 include- F ull establishment ofnew. "1l)emaiic Research Groups as driiers of charitable impacl. Planning for the UK Earth Obsernation Conference in September 2026. Digitising thc SociLtN' s historical archiTr'c and making it ai"ailablc to all mcmbcrs. Planning for thu Socicty's 7ith AnniTr'crsaTh' cclcbration in Ma!" 2027. Page I THE REIIIOTE SENSING AND PHOTOGIL4MMETRY SOCIET REPORT OF THE TRUSTEES continued FOR THE I'EAR ENDED 31 IIIARCH 2025 During Ql-Q2 FY25126. indil'idual membership subscriptions increased bi. 210/0 and corpordte membership subscriptions bl, 360/ts. Due to thc wa). RSPSOC has to accouni for mcmbcr5hip incomc. most of the incotne i4'ill appear in the FY25126 accounts. The Board 'ill continue io ini'esl in ihe Socieiy"s future and haie a robusi £k!"ear business plan. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document 'I"he charil). is ionlrolled by its goyerning documenL a deed oftyusL and ¢onslilules a limited compan)., limited b), guarantee, as defined bj. thc CompaniLS Act 2006. Charity constitution 'I'he compan) is limiied bN' guarantee and does not ha￿"¢ a share capital. F.i"er% member ofihe Society undellakes lo iontribule lo Ihe asscts of thL SociLtN" in thL LN'Lni of thL compan%" bcin2 wound up during thc iiinL of thcir tnctnbcrship or within onc )'car tl)crcaftcr. However, th¢ maxitnutn amount the!- Tna!" be required to contributc is £ I per tlleTnb¢r. In addition. the cotnpanN' is precludcd b> its Memorandum and Articles of Association from distributing an). pornion of its nei income to the members. STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment a￿d appointrne￿t of ueiv trustees The Articles of Aswciation slates the re2ulaiions in respect of the ap]x)intment and re" kccps accounting records that COTnpIN with Sections 386 and 387 of the Cotllpanies Act 2006 and preparing financial stateTnents which gi￿.¢ a true and fair i-icM- of the state of affairs of ihc charitablc companN' as at the end of eatyh financial vear and of ils surplus or defiiii for each financial lear in a¢cordan¢e ii'i¢h the requiiemenls ofseilions 394 and 39) and which othcrw'isL compl!. M'ith thL rcquirctllLnts of thi Coinpanics Act 2006 rL"laiing to financial statcmcnts. so far as applicable io the charitable comp3n!"_ {bl These financial statctnents have be¢n prcparcd in accordancc ii.ith thc provisions applicable to charitabl¢ companies subject to the small companies regime. The financial statements were approTr'ed b!. the Board of Trusiees and authorised for issue on 25th September 2025 and were signed on its bchalf bp.: The notes fom) part of iheye financial Sh￿emen Page 5 THE REIIIOTE SENSING AND PHOTOGIL4MMETRY SOCIET NOTES TO THE FINANCIAL STATENIENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the finanf ial state￿ents The financial statements of the charitable compan!.. ii'hich is a public benefit eniiti. under FRS 102. have been prepared in accordancL Il'ith thL CharitlLS SORP IFRS 102)'AccoLinting and Rcporting b!. Charitics= Statcmcnt of Rucommcndcd PraetlCL applicable lo ¢hariiies preparing their a¢ci)unts in aLYordan¢e ivith the F inanlial Reporting Siandard applicable in ihe UK and Rcpublic of Iriland IFRS 102) ILffLCtIl'L l JanuaTh' 20?1)'. Financial Rcporting Standard 102 'Thc Financial Rcporting Siandard appliiable in the UK and Republi¢ of Ireland. and the Companies Act 2006. "1"he financial slaiements have been prepared under ihe historical cost coni'eniion. Ivith the excepiion of ini'esiments ivhich are included at markei value, as modified b). the rci'aluation of certain assets. Income All income is recognised in ihe Sthtement of Financial Activilies once the charilv has entiilemenl to the funds. it is probable that thc incomc will bL rccciycd and thc amount can bc mL&surcd rcliabli.. Mcmbcr's subscriptions arL rccogniscd ii'hcn rLYCii-cd and ani" pal-mcnts rccciTrcd in advancc arc dcfcrrcd to futurc pcriods. Other incotne is rccogniscd when rcccii'able. Expenditure Liabilities are reeognised as expenditure as soon as there is a leeal or constn]ctiN'e obligaiion committing the charit).. to that CXPLnditurc. it is probablL that a transfLr of cconomic bLncfits ii.ill bc rcquircd in scttlcincnt and thL amount of thc obligation can be measured r¢liabli'. F.xpendilure is ac¢ounied for on an a¢cruals b￿15 and has been Classified under headings Ihal aggrcgatc all cost rclatcd to thc catLgorn". 111)crL" Costs cannot bc dircctll. attributcd to particular hcadings thc), haiwc bccn allocated io a¢iiviiies on a basis Lonsisieni ii.ith the use ofresour¢es. Taxatio The charit!, is exempi from corporation tax on its charitable aetiviiies. Fund aceounting UnristrictLd funds can bL- uscd in accordancc with thc charitablc objcctiNcs at thc discrction of thc trustccs. Rcstrictcd funds can onli" bL- USLd for particular ristrictcd purFrf)SLS Il"ithin thc objccts of thc chariti,. RLStrictions arisc ￿h¢n speiified bN ihe donor or ￿hen funds are raiied for particular restricted purposes. Further explanation of the natur¢ and purwbsc of cach fund is included in thc notcs to thc financial statemcntS. Foreign currencies Assets and liabilities in foreign curr¢ncie5 are translated inio sterling ai the raies ofexchange ruling ai the balance sheel dale. Transactions in forLign currcncics arL translatLd into stcrling at thc rdtc of uxchangc ruling at thc datc of transaction. Exchangc dilTeren¢es are taken inic) a¢cc)unt in arrii.ing ai Ihe operaling resuli. OTHER TRADING ACTIVITIES 311312025 311312024 as rcstated Confcrcnccs Publications." IJRSIRSL ISPRS Publications." "I'he Record Committee aiTr'ards and education Annual adtninistration t¢c 2.59) 6,565 1.46) 260 1,125 192 4.320 7,882 INVESTMENT INCOME 31131202) 311312024 as restated Deposit account inleresi 15.129 18.581 Page 6 conlinued... THE REIIIOTE SENSING AND PHOTOGIL4MMETRY SOCIET NOTES TO THE FINANCIAL STA TETrIENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REIIIUNEIL4TION AND BENEFITS Thc Trustces all givc fr¢cl!' timc and expertisc frccl!" ii-ithout an)" fortn of rcmuncration or othcr benefit in cash or kind12025.. £nil). Trustees, expenses F.xpenses paid to the -fruslees in the i.ear £ l.i39.36 (2024.. £ nil). These expenses ￿ere made up of 6 Trustees {2024: 01 reimbursed for iheir travel and refreshment eipenses. STAFF COSTS -l-he charil!, does noi emploi. anv members of SVdff_ lThe dai" io dai" operaiions are carried out b!. emplojees of-I"he unl￿ersItY of Nottingham who rc-chargc thc salar). costs to thc chariti. on a monthl!" basis. FIXED ASSET INVESTMENTS Listed inN'estments MARIKET VALUE At l April 2024 Nel unrealised gains on rei'alualion 195.555 9,1141 At 31 March 2025 186,441 NET BOOK VALUE Al 31 March 2025 186,441 At 31 March 2024 195,555 ThLfc M'Lrc no inYLStmcnt asscts outsidc thc UK. ThL charitv holds 9.570.61 IncomL Units in thi COIF Charitics InNcstmcni Fund and thcsc haN'c bccn valucd at thc mid market value at the balance shcet date. Th¢ original cost of thc ini"cslJncnt li.as £71.953. DEBTORS: AMOUINTS FALLING DUE WITHIN ONE IEAR 311312025 311312024 -l-rade debiors PrLpa}'mcnts and accruLd incomc .064 4,621 6.840 6,482 5.685 13,322 CREDITORS: AMOUNTS FALLING DUE WITHIIY ONE YEAR 31131202) 311312024 Trade creditors Accruals and deterrcd incomc Oiher Creditors 180 64.100 7.191 14.114 267 64.280 21,572 Page 7 conlinued... THE REIIIOTE SENSING AND PHOTOGIL4MMETRY SOCIET NOTES TO THE FINANCIAL STA TETrIENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUINDS Net tnoN'einent in fi]nds At 311312025 At 11412024 Unrestricted funds GLncral fi]nd 421.268 (144.046) 277.222 Restricted funds Resiri¢ied fund 28.833 28.833 TOTAL FUNDS 450.101 144.046) 306.055 Net movemeni in funds, included in the aboi'e are as folloii"s: Incoming resouries Rcsourccs expended Gains and losses MoN'cmcnt in funds U￿reStrICted funds General fund 31.802 (166.734) (9,114) {144:046) TOTAL FUNDS 31.802 166.734) 9,114) 144.046) Comparatives for movement in funds Nct mokement in fi]nds Ai 311312024 At 11412023 Unrestrieted funds G¢n¢ral fund 476.210 (54.942) 421.268 Restricted funds Resiricied fund 29,833 ( 1,000) 28,833 TOTAL FUNDS i06.043 55.942) 450,101 ComparatiN'c nct tnoN'cmcnt in funds. includcd in thc aboi*C arc as folloii"'s.' Ineoming rcsources Resources expcndcd Gains and losses Movement in fijnds Unrestricted funds GLncral fund iO.684 (121.8i7) 16.231 (54.942) TOTAL FUNDS 50.684 121.8571 16,231 54,942) Unrestricted fi]nds include unreaiised ini'estmeni gains of £114.48812024- £123.6021 The restricied funds relate to income receiTr'ed from a donor in prior l'eafs and the fund can onls.. be used for educational purposLS. Page 8 conlinued... THE REIIIOTE SENSING AND PHOTOGIL4MMETRY SOCIET NOTES TO THE FINANCIAL STA TETrIENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 io. CONTINGENT LIABILITIES Honoraria pa>"ments are paid to certain indii-iduals who ￿olunt¢cr their seTr'ice to the Socicty,. Thesc pa>'tnents are paid gross 'iihout the deduction of income t&K. If an!. person fails 10 declare their honoraria income lo H M Rei'enue and Customs then thcrc could bc rccoursc to thc Socicti." for thc tax pai'ablL. ii. RELATED PARTY DISCLOSURES There were no related path. transactions for the )'ear ended 31 March 2025. Page 9 THE REIIIOTE SENSING AND PHOTOGIL4MMETRY SOCIET DETAILED STATE￿IENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31131202) 311312024 ILYCOME AND ENDOWIIIENTS Donations and legacies l)onalions Subscriptions Ro)'aliies 12.353 24,182 39 12.353 24.221 Other tradI￿g activities Conlerences Publications.. IJRSIRSL ISPRS PHOR Incotnc Cotnmitt¢c aii'ards and cducation Annual administration fee Other inLome 2,595 6,565 ,465 260 1,125 192 4.320 7,882 Investment income l)eposil account interest 15,129 18,581 Totgl incoming resourees 31.802 50,684 EXPENDITURE Raising donations and legaeies CommittcL.' A￿'ardS and standards Conference expenses Donations ,232 4,684 2,173 3,529 40 5.916 5.742 Other trading activities IJRS cxpcnditurc ISPRS expenditure PHOR ExpcnsLS ,940 78 2,528 287 2.018 2.815 Support costs Finance Bank charges Over interest pav'able 195 679 195 679 Governance costs Stsff and centre costs Insurancc Postage, printing and slaiioner%' Profcssional fLCS Website Costs 124.120 160 48 31.329 2.308 84,354 966 63 6,216 170 Carricd torward 157.965 91.769 -Ihis page does nol fomi part of the SthiulO￿. financial stsiements Page 10 THE REIIIOTE SENSING AND PHOTOGIL4MMETRY SOCIET DETAILED STATE￿IENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31131202) 311312024 Governance costs Brought forward Rcpairs and rcncwals Sociel!. subscriptions Sundry LxpellsLS Irre¢oi'erable VA-I" 157.965 91,769 313 327 215 ,147 20,490 158.605 113,621 Total rcsourccs cxpcndcd 166.734 122,8)7 Net expenditure 134.932} 72.169) -Ihis page does nol fomi part of the SthiulO￿. financial stsiements Page 11