THE ROYAL PHILATELIC SOCIETY, LONDON
The advancement of education by promoting, encouraging and contributing to the scientific study and practice of Philately in all its branches for the benefit of the public.
Objects
"THE ADVANCEMENT OF EDUCATION BY PROMOTING, ENCOURAGING, AND CONTRIBUTING TO THE SCIENTIFIC STUDY AND PRACTICE OF PHILATELY IN ALL ITS BRANCHES FOR THE BENEFIT OF THE PUBLIC".
Financial health, per its FY2025 accounts
The accounts state that the Society reported a net loss of £103,734 for the year ended 31 December 2025, driven by a structural deficit where expenditure exceeds income. The Treasurer's review highlights that unrestricted funds are currently insufficient to cover six months of expendable resources, a level below the charity's own reserves policy target. While the Society is asset-rich with significant fixed assets, it faces cash flow pressures from rising maintenance costs and debt reduction, prompting a call for increased donations to secure long-term sustainability.
What the accounts disclose
“Membership Subscriptions 383,679”
“This latter figure should be of concern to members, as being unrestricted monies, the funds of £245,406 should be sufficient to cover six months of continuing expendable resources of the Society, but quite simply the amount is insufficient.”
“The directors consider that RPSL Ltd, as a wholly owned subsidiary of the Society, is a related party, which occupies space at Abchurch Lane. A proportion of the subsidiary’s costs are borne by the Society, and as detailed in note 21, annual dividends are paid from the subsidiary to the Society.” — page 33
“The Society has a subsidiary company, 100% owned, RPSL Limited, details of which are given in Note 21 to the accounts.” — page 13
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 250
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 250
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 250
- Has a trading subsidiary
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Alan Gerald Druce
- Antony John Newson
- DAVID ALAN WINNIE
- David Gwynne Harries
- Ian Parry Greig
- Ian Sidney Balcombe
- James Lawrence Grimwood-Taylor
- John Arthur Davies
- John Monteagle Stimson
- Lars Jorgensen
- Mark William Bailey
- Michael Bernard Hoffman
- Peter Francis Cockburn
- Simon David Martin-Redman
- Simon Richards
- Steven Harrison
- Susan Elizabeth Taylor
- Suzanne Jill Rae
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £803k | £936k |
| 31/12/2024 | £748k | £857k |
| 31/12/2023 | £832k | £939k |
| 31/12/2022 | £962k | £922k |
| 31/12/2021 | £826k | £794k |
Common questions
Is THE ROYAL PHILATELIC SOCIETY, LONDON financially healthy?
Per its FY2025 accounts: The accounts state that the Society reported a net loss of £103,734 for the year ended 31 December 2025, driven by a structural deficit where expenditure exceeds income. The Treasurer's review highlights that unrestricted funds are currently insufficient to cover six months of expendable resources, a level below the charity's own reserves policy target. While the Society is asset-rich with significant fixed assets, it faces cash flow pressures from rising maintenance costs and debt reduction, prompting a call for increased donations to secure long-term sustainability. Its FY2025 accounts were audited by Begbies Chartered Accountants.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £601k |
| THE JORON CHARITABLE TRUST | 1 | £240k |
| THE HEALTH FOUNDATION | 1 | £150k |
| Aruna and Ambika Paul Foundation | 1 | £100k |
| THE NUFFIELD FOUNDATION | 1 | £66k |
| THE ALAN AND SHEILA DIAMOND CHARITABLE TRUST | 1 | £50k |
| The Lord Leonard and Lady Estelle Wolfson Foundation | 1 | £45k |
| SCOULOUDI FOUNDATION | 1 | £45k |
Charities like this
- ROYAL HISTORICAL SOCIETY
- THE ROYAL INSTITUTE OF PHILOSOPHY
- SOCIETY FOR APPLIED PHILOSOPHY
- THE ROYAL ECONOMIC SOCIETY
- LONDON PETROPHYSICAL SOCIETY
- THE PHILOLOGICAL SOCIETY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ROYAL PHILATELIC SOCIETY, LONDON | £803k | — | 0 | below | — | no doubt |
| ROYAL HISTORICAL SOCIETY | £684k | £60,001 - £70,000 | 2 | above | — | no doubt |
| THE ROYAL INSTITUTE OF PHILOSOPHY | £469k | — | 0 | below | — | no doubt |
| SOCIETY FOR APPLIED PHILOSOPHY | £175k | — | 0 | unclear | — | no doubt |
| THE ROYAL ECONOMIC SOCIETY | £2.4m | — | — | above | — | no doubt |
| LONDON PETROPHYSICAL SOCIETY | £34k | — | 0 | unclear | — | no doubt |