THE BRITISH MASS SPECTROMETRY SOCIETY
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £508,124 at the year end, which the trustees consider equivalent to 34 months of expenditure. This figure exceeds the charity's stated policy target of maintaining reserves between three and six months of expenditure. The charity reported a net income surplus for the year, with total income of £203,711 against total expenditure of £203,253.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 10
“Three trustees, R Owen, H Britt and L Heaney, were awarded grants and studentships from BMSS during the year, amounting to a sum of £7,450 (2022: grants totalling £2,290 to two trustees). There were no balances outstanding at year end.” — page 34
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2022) to "above" (FY2023).
Trustees
- Dr Adam King
- Dr Andrea Fernanda Lopez Clavijo
- Dr Andrew Ray
- Dr Aneika Leney
- Dr Caroline Dessent
- Dr Christopher Titman
- Dr Jonathan Jones
- Dr Katherine Hollywood
- Dr Liam Heaney
- Dr Mark Barrow
- Dr Michael Morris
- Dr Patrick Sears
- Dr Rhodri Owen
- Professor Frank Sobott
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £318k | £311k |
| 31/12/2023 | £204k | £203k |
| 31/12/2022 | £239k | £178k |
| 31/12/2021 | £85k | £97k |
| 31/12/2020 | £36k | £72k |
Common questions
Is THE BRITISH MASS SPECTROMETRY SOCIETY financially healthy?
The accounts state that unrestricted reserves stood at £508,124 at the year end, which the trustees consider equivalent to 34 months of expenditure. This figure exceeds the charity's stated policy target of maintaining reserves between three and six months of expenditure. The charity reported a net income surplus for the year, with total income of £203,711 against total expenditure of £203,253. Its FY2023 accounts were audited by WR Partners.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PAUL, PENKETH | 1 | — |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £330k |
| THE COMPANY OF BIOLOGISTS | 1 | £140k |
| THE HARAMEAD TRUST | 1 | £95k |
| DAVID & RUTH LEWIS FAMILY CHARITABLE TRUST | 1 | £85k |
| THE BATCHWORTH TRUST | 1 | £35k |
| PHILIP BREEZE WILL TRUST | 1 | £23k |
| THE THREE OAKS TRUST | 1 | £22k |