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GESGB

Registered charity 1085619 · accounts filings on the Charity Commission register · also known as Geoscience Energy Society of Great Britain, PESGB, PETROLEUM EXPLORATION SOCIETY OF GREAT BRITAIN

Latest income
£877k
Latest spending
£883k
Registered
2001
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net income surplus of £30,563 for the year ended 31 December 2024, with total unrestricted funds of £720,121. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. However, the charity's reserves of £758,336 are currently below its stated policy target of £1,000,000, which is intended to cover two years of severely reduced income.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — above the median for charities its size (£60k)
“The number of employees whose employee benefits (excluding employer pension costs) was: £60,001-£70,000” — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy
“The GESGB financial reserve is currently at £758,336 which is lower than required due to the downturn.” — page 13
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: GESGB Conferences Ltd
“The trading subsidiary GESGB Conferences Ltd and its relationship with the GESGB, the parent charity was formally set up by a solicitor to ensure compliance with the Charity Commission rule and VAT regulations.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Public fundraising profile: JustGiving — GESGB (matched by registered charity number).

Structured financials (annual return, FY ending 31/12/2024)

Total income
£877k
Total spending
£883k
Cost of raising funds
£612k
Reserves (reported)
£615k
Employees
6

Reported reserves equal ~8.4 months of spending — above the median for charities its size (median 5.2 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£877k£883k
31/12/2023£670k£614k
31/12/2022£521k£444k
31/12/2021£773k£583k
31/12/2020£440k£487k

Common questions

Is GESGB financially healthy?

The accounts state that the charity reported a net income surplus of £30,563 for the year ended 31 December 2024, with total unrestricted funds of £720,121. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. However, the charity's reserves of £758,336 are currently below its stated policy target of £1,000,000, which is intended to cover two years of severely reduced income. Its FY2024 accounts were independently examined.

What does the highest-paid employee of GESGB earn?

Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE RISMAN FOUNDATION1£50k
REES JEFFREYS ROAD FUND1£40k
ANTIPODE FOUNDATION LTD.1£6k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with SOCIETY OF PETROLEUM ENGINEERS EUROPE LIMITED.