THE BRITISH PSYCHOLOGICAL SOCIETY
Activities are as specified by the Charter, Statutes and Rules of the Society
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
“In 2024, Julia Faulconbridge was paid £11,750 for professional services in her role as DCP Communications and Publications Lead.”
“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
“The society operates two subsidiaries: BPS Assessments and Awards Limited and BPS Communications Limited”
In the news
- British Psychological Society criticised over ‘whiteness’ and ‘anti-racism’ lessons
- British Psychological Society chair resigns after 15 months in the role
Corporate structure
- Trading subsidiary: BPS ASSESSMENTS AND AWARDS LIMITED Companies House 12668789
- Turnover: £204k
- Profit before tax: £100k
- Donated/gift-aided to the charity: £100k
- Creditors include an amount of £111,719 due to the parent company (Note 5). Additionally, a service charge of £14,400 was paid to the British Psychological Society for the use of its employees (Note 3).
“All profits generated by the company are distributed to The British Psychological Society under Gift Aid.”
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
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- David Carew
- Dr Bruno De Oliveira
- Dr Carol Winifred Cole
- Dr Esther Cohen-Tovee
- Dr Laura Dean
- Dr Richard Stephens
- Jonathan Harding
- Julia Faulconbridge
- Kevin Quinn
- Matthew Cameron
- Matthew Howell
- Prof Patrick Leman
- 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?
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). Its FY2024 accounts were audited by Forvis Mazars LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROTHSCHILD FOUNDATION (HANADIV) EUROPE | 1 | £898k |
| THE JD FOUNDATION | 1 | £561k |
| THE MONTEFIORE ENDOWMENT | 1 | £194k |
| THE ANGLO-AMERICAN CHARITY LIMITED | 1 | £91k |
| THE MARCUS MARGULIES CHARITABLE TRUST | 1 | £72k |
| THE CHARLES WOLFSON CHARITABLE TRUST | 1 | £50k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £50k |
| THE PHILLIPS AND RUBENS CHARITABLE TRUST | 1 | £37k |
Charities like this
- BRITISH ASSOCIATION OF DERMATOLOGISTS
- BRITISH PSYCHOTHERAPY FOUNDATION
- BCPC
- 1692
- THE LONDON SCHOOL OF JEWISH STUDIES
- BRITISH ASSOCIATION FOR COUNSELLING AND PSYCHOTHERAPY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE BRITISH PSYCHOLOGICAL SOCIETY | £13.4m | — | — | unclear | — | no doubt |
| BRITISH ASSOCIATION OF DERMATOLOGISTS | £7.5m | £100,001 - £110,000 | 8 | above | — | no doubt |
| BRITISH PSYCHOTHERAPY FOUNDATION | £2.8m | £130,001 - £140,000 | — | within | — | no doubt |
| BCPC | £659k | — | 0 | unclear | — | no doubt |
| 1692 | £462k | — | 0 | within | — | no doubt |
| THE LONDON SCHOOL OF JEWISH STUDIES | £1.8m | — | — | unclear | — | no doubt |