RAMSAY MEMORIAL FELLOWSHIPS TRUST

Registered charity 313811 · accounts filings on the Charity Commission register

The objects of the Ramsay Trust are to promote research into the study of pure and applied chemical science through providing competent advanced students with the means to pursue chemical research.The policy of the Trustees is to award fellowships to competent advanced students to pursue chemical research in universities or other places of higher education, normally in the United Kingdom.

Causes: Education/training · website · Get email alerts

Latest income
£51k
Latest spending
£12k
Registered
1964
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted general fund reserves are maintained to support at least 1.5 new fellows per year, with total unrestricted funds standing at £1,050,034 as of July 2024. The trustees note that endowment income is currently insufficient to fund forthcoming fellowships due to rising costs and resistance from prospective candidates, describing the long-term depletion of capital as unsustainable. Steps are being taken to resolve this position through co-sponsorship and improved offers to fellows.

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

What the accounts disclose

Reserves policy: a level to generate sufficient return to support at least 1.5 new fellows per year on two-year Fellowships (held: £1.1m)
Unrestricted General Fund reserves are maintained at a level to generate sufficient return to support at least 1.5 new fellows per year on two-year Fellowships. — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Trust makes use of the resources and assets of SCI in order to carry out its objects, and SCI makes an annual management charge for these services.
The Trust has a bank account with the Society of Chemical Industry (“SCI”) for ease of transactions (Note 5). The balance at 31 July 2024 was £70,957. The management fee charged by SCI in the year was £3,985.
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Aspen Waite Chartered Certified Accountants. Discloses 5 of 6 completeness components.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

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

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/07/2024£51k£12k
31/07/2023£89k£121k
31/07/2022£134k£214k
31/07/2021£133k£218k
31/07/2020£167k£263k

Common questions

Is RAMSAY MEMORIAL FELLOWSHIPS TRUST financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted general fund reserves are maintained to support at least 1.5 new fellows per year, with total unrestricted funds standing at £1,050,034 as of July 2024. The trustees note that endowment income is currently insufficient to fund forthcoming fellowships due to rising costs and resistance from prospective candidates, describing the long-term depletion of capital as unsustainable. Steps are being taken to resolve this position through co-sponsorship and improved offers to fellows. Its FY2024 accounts were audited by Aspen Waite Chartered Certified Accountants.