THE ROYAL PHILATELIC SOCIETY, LONDON

Charity number: 286840
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

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.

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£832,476

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Donations and legacies £91.35k
Charitable activities £356.39k
Other trading activities £360.49k
Investments £24.24k
Other £0

Total expenditure:
£939,464

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Raising funds £228.01k
Charitable activities £711.45k
Other £0

£6,315 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £228.01k
Charitable expenditure £711.45k

People

7 Employee(s)

17 Trustee(s)

250 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Advocacy/advice/information
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales
  • Scotland

Governance

Registration history:
  • 12 April 1983: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
00092352 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events 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
  • 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
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

17 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Jonas Hallstrom Trustee 27 June 2024
None on record
Suzanne Jill Rae Trustee 29 June 2023
None on record
David Podger Trustee 29 June 2023
None on record
Nigel Roland Noah Gooch Trustee 29 June 2023
None on record
Michael Bernard Hoffman Trustee 30 June 2022
None on record
Simon David Martin-Redman Trustee 30 June 2022
None on record
David Gwynne Harries Trustee 30 June 2022
None on record
Daphne Elizabeth McMillan GNSM, LTCL Trustee 30 June 2022
THE HESSLE WAITS
Recently registered
John Monteagle Stimson Trustee 29 July 2021
None on record
Alan Gerald Druce Trustee 29 July 2021
None on record
Huadong Zhang Trustee 01 July 2020
None on record
Steven Harrison Trustee 20 June 2019
None on record
Kim Stuckey Trustee 20 June 2019
None on record
John Aitchison Trustee 20 June 2019
None on record
Simon Richards Trustee 28 June 2018
THE VILLAGE HALL DRAYTON ST LEONARD
Received: On time
THE STUART ROSSITER TRUST FUND
Received: On time
Mark William Bailey Trustee 25 June 2015
None on record
Peter Francis Cockburn Trustee 23 March 2014
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £995.88k £1.79m £826.15k £961.96k £832.48k
Total expenditure £884.39k £815.99k £794.33k £921.95k £939.46k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £18.81k N/A N/A N/A
Income - Donations and legacies £482.43k £1.25m £286.20k £309.61k £91.35k
Income - Other trading activities £221.12k £203.46k £217.54k £316.28k £360.49k
Income - Charitable activities £288.77k £324.04k £321.11k £329.83k £356.39k
Income - Endowments £0 £1.20m £0 £0 £0
Income - Investment £3.56k £803 £144 £2.22k £24.24k
Income - Other £0 £10.77k £1.15k £4.03k £0
Income - Legacies £0 £50.00k £20.62k £10.00k £22.19k
Expenditure - Charitable activities £765.99k £670.39k £676.66k £761.21k £711.45k
Expenditure - Raising funds £118.40k £145.60k £117.67k £160.74k £228.01k
Expenditure - Governance £0 £0 £0 £0 £0
Expenditure - Grants institution £0 £0 £4.00k £0 £0
Expenditure - Investment management £0 £0 £0 £10.00k £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £14.13m £14.40m £14.24m £14.12m £14.05m
Long-term investments £1.59m £1.47m £1.65m £1.51m £1.52m
Other assets £1.39m £1.81m £1.64m £1.61m £1.62m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £2.08m £1.78m £1.43m £1.22m £769.27k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 01 September 2024 On Time
Accounts and TAR 31 December 2023 01 September 2024 On Time Download Open in new window
Annual return 31 December 2022 23 October 2023 On Time
Accounts and TAR 31 December 2022 23 October 2023 On Time Download Open in new window
Annual return 31 December 2021 27 October 2022 On Time
Accounts and TAR 31 December 2021

(These accounts
have been qualified)

27 October 2022 On Time Download Open in new window
Annual return 31 December 2020 17 October 2021 On Time
Accounts and TAR 31 December 2020 17 October 2021 On Time Download Open in new window
Annual return 31 December 2019 12 October 2020 On Time
Accounts and TAR 31 December 2019 12 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 17/03/1983 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 20/06/1996 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 29/06/2004 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 28/06/2012

Charitable 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".

Area of benefit

The area the charity can operate in, as set out in its governing document.

UNDEFINED

Contact information

Address:
15 Abchurch Lane
London
EC4N 7BW
Phone:
020 7935 7332
Email:
secretary@rpsl.org.uk
Website:

www.rpsl.org.uk Open in new window