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THE BRITISH THORACIC SOCIETY

Registered charity 285174 · accounts filings on the Charity Commission register · also known as B T S · also registered in Scotland as SC041209 (OSCR)

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Latest income
£3.2m
Latest spending
£3.3m
Registered
1982
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net expenditure of £269,535 for the year, resulting in a decrease in total funds from £7,485,748 to £7,216,216. The trustees confirmed the society remains a going concern, supported by robust income streams from membership and journals, despite having approved deficit budgets for the last six financial years. Unrestricted reserves stood at £7,196,216, with a free reserve of £874,630 against a policy target of three to six months of projected expenditure.

What the accounts disclose

Reserves policy: three to six months, or 25-50% of projected expenditure (held: £875k)
“it was agreed that the reserve policy should be amended and maintained in future at a level equivalent to between three and six months, or 25-50% of projected expenditure based on that year’s budget, with the Society holding a minimum of three months, or 25%, projected expenditure.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 30/06/2025)

Total income
£3.2m
Total spending
£3.3m
Cost of raising funds
£44k
Reserves (reported)
£7.2m
Employees
18

Reported reserves equal ~26.0 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Northern Ireland · Scotland

Income and spending

Financial year endIncomeSpending
30/06/2025£3.2m£3.3m
30/06/2024£3.1m£3.1m
30/06/2023£2.7m£2.7m
30/06/2022£2.2m£2.2m
30/06/2021£2.3m£2.3m

Common questions

Is THE BRITISH THORACIC SOCIETY financially healthy?

The accounts state that the charity reported a net expenditure of £269,535 for the year, resulting in a decrease in total funds from £7,485,748 to £7,216,216. The trustees confirmed the society remains a going concern, supported by robust income streams from membership and journals, despite having approved deficit budgets for the last six financial years. Unrestricted reserves stood at £7,196,216, with a free reserve of £874,630 against a policy target of three to six months of projected expenditure. Its FY2025 accounts were audited by HaysMac LLP.