THE BRITISH PSYCHOLOGICAL SOCIETY
Latest income
£13.4m
Latest spending
£12.7m
Registered
1962
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity achieved its first operational surplus in five years, with total income rising to £13.40m and total expenditure decreasing to £12.66m. Per the trustees' report, free reserves stood at £13.0 million, which is above the stated policy target of nine months' income (£10m).
What the accounts disclose
Payments to trustees: Julia Faulconbridge was paid £11,750 for professional services; Former President Dr N. Hayes received £12,309 compensation for loss of earnings.
“In 2024, Julia Faulconbridge was paid £11,750 for professional services in her role as DCP Communications and Publications Lead.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The document states 'there were no related party transactions with trustees' but discloses transactions with subsidiaries.
“There were no other related party transactions during the year, except for transactions between BPS Assessments and Awards Limited and the Society, and between BPS Communications Limited and the Society.” — page 56
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: BPS Assessments and Awards Limited, BPS Communications Limited
“The society operates two subsidiaries: BPS Assessments and Awards Limited and BPS Communications Limited”
Per its FY2024 accounts as filed with the Charity Commission.
Leadership, per the charity’s website
- Sarb Bajwa — Chief Executive
- Roman Raczka — President
- Carol Cole — Chair of the Board of Trustees
- Laura Dean — President-Elect
- Bruno De Oliveira — Chair of Senate
- Patricia Hind — Chair of the Education and Training Board
- Carol McGuinness — Chair of the Member Board
Structured financials (annual return, FY ending 31/12/2024)
Total income
£13.4m
Total spending
£12.7m
Reserves (reported)
£17.1m
Employees
133
Trustees
- David Carew
- Dr Bruno De Oliveira
- Dr Carol Winifred Cole
- Dr Laura Dean
- Dr Richard Stephens
- Dr Roman Raczka
- Jonathan Harding
- Julia Faulconbridge
- Kevin Quinn
- Matthew Cameron
- Matthew Howell
- Prof. Carol McGuinness
- Professor Anthony Lavender
- Professor Patricia Hind
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £13.4m | £12.7m |
| 31/12/2023 | £13.0m | £14.8m |
| 31/12/2022 | £11.6m | £14.6m |
| 31/12/2021 | £11.6m | £14.7m |
| 31/12/2020 | £10.8m | £14.0m |
Common questions
Is THE BRITISH PSYCHOLOGICAL SOCIETY financially healthy?
The accounts state that the charity achieved its first operational surplus in five years, with total income rising to £13.40m and total expenditure decreasing to £12.66m. Per the trustees' report, free reserves stood at £13.0 million, which is above the stated policy target of nine months' income (£10m). Its FY2024 accounts were audited by Forvis Mazars LLP.