RAMSAY MEMORIAL FELLOWSHIPS TRUST
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.
Objects
PROMOTING THE STUDY OF CHEMICAL SCIENCE URE AND APPLIED AND TO DO SO BY PROVIDING COMPETENT ADVANCED STUDENTS WITH MEANS OF PROSECUTING CHEMICAL RESEARCH.
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.
What the accounts disclose
“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
“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.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- 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
- Risk management
- Safeguarding policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Funders the charity credits
- Ramsay Memorial Fellowships Trust
- Rudolph Messel
- John Gray
- Dr Sydney Andrew
Trustees
- Dr DAVID ALLENchair
- Dr GEOFFREY FOWLER
- Dr Jacqueline Sheridan
- Dr KIRSTIE COCHRANE
- Dr ROBIN HARRISON
- SHARON ELIZABETH TODD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.