BRITISH SAFETY COUNCIL
Financial health, per its FY2024 accounts
The accounts state that the group incurred a net deficit of £251,000 on revenue activities, though overall funds increased by £422,000 due to investment gains. The charity maintains free reserves of £9,261,000, which exceeds its stated minimum policy target of £5 million, providing financial stability. The trustees confirm there are no material uncertainties regarding the group's ability to continue as a going concern.
What the accounts disclose
“The charity shall maintain free reserves at a level no less than a minimum level approved by the Board. This minimum level is set at £5 million” — page 10
“During the year the charity charged Mates in Mind fees of £70,643 (2023: £77,444) in respect of (i) management services (covering predominantly Finance, Information Technology and Human Resources) provided by the charity to Mates in Mind and (ii) direct costs of Mates in Mind in these same areas which were borne by the charity.” — page 39
“The charity charged BSC Sales Limited fees of £105,818 (2023: £146,395) in respect of operational and management support services.” — page 39
“During the year the charity charged Mates in Mind fees of £70,643 (2023: £77,444) in respect of (i) management services (covering predominantly Finance, Information Technology and Human Resources) provided by the charity to Mates in Mind and (ii) direct costs of Mates in Mind in these same areas which were borne by the charity.” — page 39
“The charity charged BSC Sales Limited fees of £105,818 (2023: £146,395) in respect of operational and management support services.” — page 39
“During the year the charity charged Mates in Mind fees of £70,643 (2023: £77,444) in respect of (i) management services (covering predominantly Finance, Information Technology and Human Resources) provided by the charity to Mates in Mind and (ii) direct costs of Mates in Mind in these same areas which were borne by the charity.” — page 39
“The charity charged BSC Sales Limited fees of £105,818 (2023: £146,395) in respect of operational and management support services.” — page 39
“Ofqual’s investigation into BSC’s regulated qualification business concluded in March 2025 with the issuance of a notice of financial penalty of £5,000. Ofqual has now processed BSC’s application to surrender its recognition, which took effect from the same date.” — page 35
“The charity has three 100% owned subsidiaries: a) British Safety Council Sales Ltd, which trades in the United Arab Emirates b) Mates in Mind, which is a charitable company; and c) British Safety Council (India) LLP.”
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Peter McGettrickchair
- David Alex Robinson
- David Collins
- Helen Holmes-Fogg
- Jonathan Gawthrop
- Kathryn Erman
- Richard Daniels
- Rupert Thompson
- Sachit Rajan
- Sarah Adamson
- Sean Sadler
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £11.6m | £11.5m |
| 31/12/2024 | £10.7m | £10.9m |
| 31/12/2023 | £10.3m | £10.2m |
| 31/12/2022 | £8.8m | £8.9m |
| 31/12/2021 | £8.2m | £6.3m |
Common questions
Is BRITISH SAFETY COUNCIL financially healthy?
The accounts state that the group incurred a net deficit of £251,000 on revenue activities, though overall funds increased by £422,000 due to investment gains. The charity maintains free reserves of £9,261,000, which exceeds its stated minimum policy target of £5 million, providing financial stability. The trustees confirm there are no material uncertainties regarding the group's ability to continue as a going concern. Its FY2024 accounts were audited by UHY Hacker Young LLP.