NATIONAL SPACE CENTRE
Latest income
£8.9m
Latest spending
£9.8m
Registered
2000
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that total income increased to £8,915,636, while total expenditure rose to £9,771,687, resulting in a net expenditure for the year. The charity holds £5,957,000 in unrestricted funds, which the trustees note is comfortably in excess of their established minimum target of £0.9m.
What the accounts disclose
Highest-paid employee band: £140,001 - £150,000 — above the 90th percentile for charities its size (median £76k)
“£140,000 - £149,999 1”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: £0.9m (held: £6.0m)
“The Trustees have therefore established a target whereby the unrestricted charity funds not invested in tangible fixed assets (the free reserves) should be £0.9m.” — page 17
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees C H Bishop and A M Kapur were remunerated for services to the subsidiary NSSC Operations Limited.
“In 2024, both the Chief Executive and the Chair of NSSC Operations Limited, who are also trustees of the charity were remunerated for their services provided to the charity’s subsidiary company, NSSC Operations Limited.”
“Leicester City Council £6,683 (2023: £7,486). Miranda Cannon is a Director of National Space Centre (LCC Representative) and an employee of Leicester City Council.” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Leicester City Council received £6,683.
“In 2024, both the Chief Executive and the Chair of NSSC Operations Limited, who are also trustees of the charity were remunerated for their services provided to the charity’s subsidiary company, NSSC Operations Limited.”
“Leicester City Council £6,683 (2023: £7,486). Miranda Cannon is a Director of National Space Centre (LCC Representative) and an employee of Leicester City Council.” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: UK Space Agency provided £943,369 grant; Paul Bate is a trustee and CEO of UK Space Agency.
“In 2024, both the Chief Executive and the Chair of NSSC Operations Limited, who are also trustees of the charity were remunerated for their services provided to the charity’s subsidiary company, NSSC Operations Limited.”
“Leicester City Council £6,683 (2023: £7,486). Miranda Cannon is a Director of National Space Centre (LCC Representative) and an employee of Leicester City Council.” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: University of Leicester received £53,766.
“In 2024, both the Chief Executive and the Chair of NSSC Operations Limited, who are also trustees of the charity were remunerated for their services provided to the charity’s subsidiary company, NSSC Operations Limited.”
“Leicester City Council £6,683 (2023: £7,486). Miranda Cannon is a Director of National Space Centre (LCC Representative) and an employee of Leicester City Council.” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Association of Science and Discovery Centres received £2,036 from subsidiary.
“In 2024, both the Chief Executive and the Chair of NSSC Operations Limited, who are also trustees of the charity were remunerated for their services provided to the charity’s subsidiary company, NSSC Operations Limited.”
“Leicester City Council £6,683 (2023: £7,486). Miranda Cannon is a Director of National Space Centre (LCC Representative) and an employee of Leicester City Council.” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: NSSC Operations Limited
“NSSC Operations Limited operates the National Space Centre, whilst NSSC Property Limited did not trade during the period.” — page 42
Per its FY2024 accounts as filed with the Charity Commission.
Year-over-year changes
- Top pay band moved from £140,000 - £149,999 (FY2023) to £140,001 - £150,000 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Total income
£8.9m
Total spending
£9.8m
Cost of raising funds
£2.6m
Reserves (reported)
£6.0m
Employees
193
Register events
- Received assets from another charity (01/12/2023)
Trustees
- Stuart David Martinchair
- ARVIND MICHAEL KAPUR
- Andrew Shilliam
- CHARLES ST HILL BISHOP
- David Brunton
- Dr Joanne Louise Badge
- Dr Rhaana Leigh Catherine Starling
- Hema Badger-Mistry
- Joanne Wheeler
- Kevin James Harris
- Paul Bate
- Penelope Ann Coates
- Prof Sarah Joanne Davies
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £8.9m | £9.8m |
| 31/12/2023 | £8.7m | £9.3m |
| 31/12/2022 | £7.2m | £7.5m |
| 26/12/2021 | £6.3m | £5.7m |
| 27/12/2020 | £5.4m | £6.0m |
Common questions
Is NATIONAL SPACE CENTRE financially healthy?
The accounts state that total income increased to £8,915,636, while total expenditure rose to £9,771,687, resulting in a net expenditure for the year. The charity holds £5,957,000 in unrestricted funds, which the trustees note is comfortably in excess of their established minimum target of £0.9m. Its FY2024 accounts were audited by Sayer Vincent LLP.
What does the highest-paid employee of NATIONAL SPACE CENTRE earn?
Per its FY2024 accounts, the highest-paid employee was in the £140,001 - £150,000 band.
Who funds NATIONAL SPACE CENTRE?
Funders whose own accounts filings name NATIONAL SPACE CENTRE as a grant recipient include ROYAL COMMISSION FOR THE EXHIBITION OF 1851.
Known funders
| Funder | Year | Amount |
|---|---|---|
| ROYAL COMMISSION FOR THE EXHIBITION OF 1851 | FY2024 | £50k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FRANCIS WINHAM FOUNDATION | 1 | £185k |
| THE BRITISH DIABETIC ASSOCIATION | 1 | £184k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| BRITISH HEART FOUNDATION | 1 | £100k |
| THE HEALTH FOUNDATION | 1 | £100k |
| Arthritis UK | 1 | £97k |
| JOFFE CHARITABLE TRUST CIO | 1 | £95k |
| PROSTATE CANCER UK | 1 | £76k |