Annual Report and Accounts 2018-19 HC 2258 Delivering an excellent space programme with the maximum economic, scientific and policy benefit for the UK UK Space Agency Annual Report and Accounts 2018-19 Presented to the House of Commons pursuant to section 7 of the Government Resources and Accounts Act 2000. Ordered by the House of Commons to be printed on 4 July 2019. HC 2258 © Crown copyright 2019 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 Where we have identified any third-party copyright information you will need to obtain permission from the copyright holders concerned. This publication is available on our website at: www.gov.uk/official-documents Any enquiries regarding this publication should be sent to us at
[email protected] ISBN 978-1-5286-1332-3 CCS0519290152 07/19 Printed on paper containing 75% recycled fibre content minimum. Printed in the UK on behalf of the Controller of Her Majesty’s Stationery Office. UK SPACE AGENCY ANNUAL REPORT AND ACCOUNTS 2018-19 CONTENTS PERFORMANCE REPORT Overview 6 Chief Executive’s statement 7 Highlights in 2018-19 8 About the UK Space Agency 11 What could stop us achieving our objectives? 12 Our finances 14 Our people 18 Performance Analysis 20 How we have performed 21 2018-19 performance in detail 27 Our plans for the future 37 ACCOUNTABILITY REPORT Audit Committee Chairman 39 Corporate Governance 40 Director’s Report 41 Statement of Accounting Officer’s responsibilities 45 Governance Statement 46 Remuneration and Staff Report 57 Parliamentary Accountability and Audit 69 The certificate and report of the Comptroller and Auditor General to the House of Commons 70 ACCOUNTS Financial Statements 76 Notes to the financial statements for the year ended 31 March 2019 80 Glossary 93 3 PERFORMANCE REPORT OVERVIEW 6 UK SPACE AGENCY ANNUAL REPORT AND ACCOUNTS 2018-19 CHIEF EXECUTIVE’S STATEMENT Stevenage for an event that unveiled the winning name.