THE COLLEGE OF PSYCHIC STUDIES
Financial health, per its FY2024 accounts
The accounts state that the charity achieved an overall surplus of £420,361 for the year ended 31 December 2024, adding to its reserves. The trustees regard £2.93m of the charity's reserves as free reserves, which is higher than the targeted minimum level of £1m. Per the trustees' report, the College is considered to remain a going concern for the foreseeable future.
What the accounts disclose
“The trustees now consider it reasonable to maintain the minimum reserves level at £1m.” — page 8
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Alan David Cooke
- Dianne Christine Taylor-Gearing
- Didier Charreton
- Hyacinth Ivy Yao Go
- Sheetal Prakash Vithlani
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.2m | £1.1m |
| 31/12/2023 | £1.1m | £961k |
| 31/12/2022 | £926k | £863k |
| 31/12/2021 | £859k | £893k |
| 31/12/2020 | £745k | £905k |
Common questions
Is THE COLLEGE OF PSYCHIC STUDIES financially healthy?
The accounts state that the charity achieved an overall surplus of £420,361 for the year ended 31 December 2024, adding to its reserves. The trustees regard £2.93m of the charity's reserves as free reserves, which is higher than the targeted minimum level of £1m. Per the trustees' report, the College is considered to remain a going concern for the foreseeable future. Its FY2024 accounts were audited by Sumer Audit.