OPERATIONAL RESEARCH SOCIETY LIMITED
Latest income
£1.4m
Latest spending
£1.7m
Registered
1968
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £278,762 for the year, resulting in a decrease in total net assets to £2,032,162. The trustees confirm that the charity's free reserves of £1,936,666 remain within their stated policy target of between one and three years' running costs (£900,000 to £2.7 million).
What the accounts disclose
Related-party transaction: The Society paid rent to Edward Street Management Limited, a company where the Executive Director was a director.
“In 2024, Seb Hargreaves as part of his Society role as the Executive Director, was also a Director of Edward Street Management Limited, the company that managed the Society's buildings car park. During 2023 the Society paid rent to the company of £3,030.” — page 49
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£1.4m
Total spending
£1.7m
Cost of raising funds
£21k
Reserves (reported)
£292k
Employees
21
Register events
- Received assets from another charity (11/12/2023)
Trustees
- Dr Christina Phillips
- Dr Duncan Robertson
- Dr Mosab Bazargani
- Dr STEPHEN LORRIMER
- Katherine Kent
- Professor Christina Pagel
- Professor Jacco Thijssen
- Professor Miguel Anjos
- Professor Sanja Petrovic
- Professor Thomas Archibald
- Robert Scott
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.4m | £1.7m |
| 31/12/2023 | £1.4m | £1.6m |
| 31/12/2022 | £1.5m | £1.5m |
| 31/12/2021 | £1.4m | £1.3m |
| 31/12/2020 | £1.2m | £1.2m |
Common questions
Is OPERATIONAL RESEARCH SOCIETY LIMITED financially healthy?
The accounts state that the charity reported a net expenditure of £278,762 for the year, resulting in a decrease in total net assets to £2,032,162. The trustees confirm that the charity's free reserves of £1,936,666 remain within their stated policy target of between one and three years' running costs (£900,000 to £2.7 million). Its FY2024 accounts were audited by Sayer Vincent LLP.