Charity Accounts Intelreading the accounts so you don’t have to

OPEN UNIVERSITY PSYCHOLOGICAL SOCIETY

Registered charity 282744 · accounts filings on the Charity Commission register

The principal activity of the society and its objective is the promotion and teaching of psychology to current and past Open University Psychology students and members of the general public. In order to achieve this the society holds a variety of weekend and day events covering a wide range of psychological topics, at various locations across Great Britain.

Causes: Education/training · website · Get email alerts

Latest income
£56k
Latest spending
£65k
Registered
1981
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £8,353 for the year, resulting in a decrease in unrestricted funds from £87,190 to £78,837. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. Reserves are held in bank accounts, with the charity's policy being to maintain unrestricted funds equivalent to between three and six months' expenditure.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: between three and six month's expenditure (held: £79k)
“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 5
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Trustees received reimbursement for travel expenses (£1,299) and tutor fees (£650). Non-trustee committee members also received tutor fees and travel expenses.
“None of the trustees (or any persons connected with them) received any remuneration during the year in their role as trustees. However, 11 were reimbursed a total of £1299 for travel expenses; and two received a total of £650 for tutor fees” — page 17
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): instagram

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£56k£65k
31/12/2023£59k£69k
31/12/2022£56k£59k
31/12/2021£22k£22k
31/12/2020£53k£49k

Common questions

Is OPEN UNIVERSITY PSYCHOLOGICAL SOCIETY financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £8,353 for the year, resulting in a decrease in unrestricted funds from £87,190 to £78,837. The trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. Reserves are held in bank accounts, with the charity's policy being to maintain unrestricted funds equivalent to between three and six months' expenditure. Its FY2024 accounts were independently examined.