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2022-12-31-accounts

The 172[nd] Annual Report of the Royal Meteorological Society for the period 1 January – 31 December 2022

CONTENTS

THE SOCIETY’S MISSION ................................................................................................. 2 PUBLIC BENEFIT ............................................................................................................. 2 The advancement of health or the saving of lives ........................................................... 2 The advancement of education ...................................................................................... 2 The advancement of the arts, culture, heritage or science ............................................. 4 The advancement of environmental protection or improvement ..................................... 5 PRESIDENT’S FOREWORD ............................................................................................. 5 THE YEAR JANUARY TO DECEMBER 2022 ................................................................... 7 FINANCE .......................................................................................................................... 8

Annexes in a separate document

Page 1 of 9

THE SOCIETY’S MISSION

The Royal Meteorological Society is the UK’s Professional and Learned Society for weather and climate and its mission is to advance the understanding of weather and climate and its application for the benefit of all. At the heart of this lies the responsibility for the stewardship of both the profession and science of meteorology. The Society plays a key role as the custodian of both the science and the profession of meteorology in the UK and has an important role to play internationally as one of the world’s largest meteorological societies. The Society is owned by its membership but exists for the benefit of all.

PUBLIC BENEFIT

The Royal Meteorological Society is dedicated to providing benefit to the wider public, or sections of it, in achieving its aims. The Charity Act 2011 lists 13 main charitable purposes that would be regarded as ‘for public benefit’. In the Society’s case, the public benefit of our activities falls into four of these categories.

The advancement of health or the saving of lives

Through partnerships such as the General Aviation Safety Council (GASCo), the UK Flight Safety Committee (UKFSC), and the Royal Institute of Navigation (RIN) as well as many weather service providers, the Society offers support and training for weather-related safetycritical issues. The Society holds weather education seminars and events for operational meteorologists, private pilots, and sailors, with the specific purpose of improving safety and reducing the number of accidents and incidents relating to poor weather conditions, which can sometimes be fatal.

In 2022, the Society attended a series of Aviation Safety Information Exchange meetings and hosted a joint training seminar with GASCo for private pilots and a joint meeting with RIN on Weather and Sailing at the RNLI College in Poole. The Society also hosted 6 Met Masterclass events for operational meteorologists in partnership with the University of Reading. Many of these events were free to attend.

The Society is the academic partner with EUROCONTROL to support the SKYbrary website (skybrary.aero/index.php/Main_Page) to oversee weather content in order to encourage a meteorological exchange of information with the aim of enhancing flight safety.

While responsibility for implementing and maintaining the Aeronautical Meteorological Personnel (AMP) standards rests with the weather service providers in the aviation sector, the Society continues to provide support and impartial advice where required to enable them to comply with the World Meteorological Organization’s (WMO) and the International Civil Aviation Organization’s (ICAO) criteria for competence and qualifications. The Society’s professional accreditation schemes (Registered and Chartered Meteorologist) also support record holding of Continuing Professional Development (CPD) activities required as evidence for maintaining the AMP.

The advancement of education

The Society’s mission has a wide remit that looks to support people’s understanding, interest and enthusiasm in meteorology, whether they are research scientists, amateur meteorologists, practitioners or members of the general public. It goes further, supporting the development of high-quality science, the next generation of scientists, the professional development of individuals, accrediting further and higher education courses, informing policy and supporting learning in weather and climate through education and outreach activities.

Page 2 of 9

The Society works with teachers and students at primary, secondary and higher education levels to promote understanding of weather and climate, and runs interactive projects to both stimulate the interest of students in meteorology and to improve the quality of teaching materials and resources in schools. The Society’s aim is to reach every student in the UK so that they leave school with the basic weather and climate literacy to understand the impact of weather and climate change on their personal life, leisure activities and employment, and to engage with the climate conversation and make informed decisions about their own opportunities and responsibilities.

In 2022, the Society commissioned the very first climate literacy survey of school leavers in partnership with IPSOS. This will create a starting benchmark to continue to monitor climate literacy over the coming years. This new research shows an opportunity for better climate education in schools in Great Britain.

The Society undertook a curriculum review using a team of volunteers. The resulting analysis will enable the Society to continue to assist and advise exam boards, textbook creators, and other teacher support resources. The Society is now able to highlight gaps, inaccuracies, opportunities, and best practice.

The Society is part of a working group for the Climate Education Action Plan, which was unveiled at COP26 in November 21. The project has recently reached a significant milestone of more than 100 individuals signing up to become Climate Ambassadors in partnership with STEM Learning and the University of Reading.

In 2022, the Society delivered new resources that support learners and teachers in physics and geography available online via www.Metlink.org, and educational climate change related content to link in with International Women’s Day and COP27.

Other educational resources provided by the Society, including the loan of instruments to schools, are made freely available to all schools. In addition, the Society is also freely providing an increasing number of Continuing Professional Development (CPD) opportunities for teachers who have come to teaching meteorology from a nonmeteorological background. Our online weather and climate course, Come Rain or Shine, continues to be permanently available with 3 facilitated periods a year.

At higher education levels, the Society awards financial support to enable students to broaden their studies of meteorological sciences. The Society provides careers information, such as our updated careers booklet rmets.org/careers-meteorology-guide. In 2022, the Society set up a Youth and Early Career Special Interest Group (SIG) which met for the first time in October. The SIG will focus on the Society’s engagement with and provisions for youth and early careers, as well as champion their voice within RMetS activities.

The Society is recognised in European and UK law as both the Competent Authority and the Regulatory Body for Meteorology in the UK, and offers independent recognition around training and professional development for meteorology and meteorologists. The Society’s accreditation framework offers individuals schemes for professional registration and chartered status as well as related CPD opportunities. The Society offers a number of CPD opportunities through the events programme, scientific journals and volunteering.

Page 3 of 9

The advancement of the arts, culture, heritage or science

One of the Society’s charitable objectives is to promote the advancement and dissemination of knowledge and education in science for public benefit. The Society aims to advance professionalism in meteorology through the Chartered Meteorologist and Registered Meteorologist accreditation schemes which recognise high professional standards and competences and follow an established code of conduct. The Society sets standards for CPD, and professional conduct and performance, so that meteorologists are empowered to conduct high-quality, ethical work consistently throughout their careers. The Society works with professional bodies, government, employers and national academies, and aims to ensure the workforce across the meteorological community reflects the diversity of society.

The Society publishes eight world-leading scientific journals, including our recently launched new journal Climate Resilience and Sustainability . These are made available free to developing countries through publishing aid programmes and to the World Meteorological Organisation’s (WMO) Regional Training Centres. Half of our portfolio is fully open access providing free access on important science to readers.

The Society has a curation programme for a historical and culturally valuable archive of documentation on behalf of the UK. Most of our important artefacts are held at the National Meteorological Library and Archive in Exeter, with many articles being digitised to make them accessible to all. The Society also owns a set of cloud study drawings (c1803-1811) produced by Luke Howard, famous for naming the clouds, which are held in the archives at the Science Museum and are regularly exhibited.

The Society runs a comprehensive events programme, which is open to all with an interest in weather and climate. This includes free public meetings to encourage a focus on global, national and local issues, and also conferences to bring about the advancement in the understanding of meteorology as a science, through its applications and as an interest to all. 2022 saw the longawaited return to in-person meetings and whilst this was welcomed by many, it became clear that the events needed to diversify, and that audiences’ requirements had changed and adapted since before COVID-19. The Society now offers a variety of in-person, virtual and live streamed events.

The Society hosts an annual Student and Early Career Scientists’ Conference that brings together those involved in graduate and post-graduate studies, as well as early-career scientists from the UK and internationally, to create a community of young scientists and to give them experience in active participation in scientific conferences. In 2022 the event was held for the first time as a hybrid conference at Manchester University on the 4-5 July. The opportunity to attend both in-person and online was offered for all sessions, as well as the chance to present virtually. The conference attracted 76 delegates in-person and 16 online.

The Society offers grants and bursaries to encourage interaction between scientific groups both in the UK and internationally, to enable attendance at meetings and conferences, and more recently, due to the travel restrictions relating to the pandemic, to fund small research projects.

The Society’s Special Interest Groups deliver events and other activities to facilitate the exchange of information and views within specific areas of meteorology. The groups are primarily a way of communicating at a specialist level and include areas such as the History of Meteorology and Physical Oceanography, Atmospheric Electricity, and Meteorological Observing Systems.

Page 4 of 9

The advancement of environmental protection or improvement

The Society is at the heart of the debate on climate change. It plays a particularly important role in communicating some of the more complicated scientific and technical issues to the public at large, enabling them to understand and engage with what is one of the most important global issues that we face today. This role is overseen by the Society's Science Engagement Committee, which aims to sustain, encourage, and progress activity in climate science and its relevance to society.

The Society’ activities during 2022 included:

The Society’s website rmets.org has a wide range of information and content that is freely available to all with an interest in the Society and in meteorology. The Society continues to invest significantly in making its website more accessible and informative, providing a wide range of freely available educational, scientific and professional material.

PRESIDENT’S FOREWORD

I have been in my role as RMetS president for just a couple of months, but already it has been eye-opening to see the breadth and depth of all that has been achieved this year.

As members, we are all aware of the incredibly varied programme of events that the society organises for us, from the annual 3-day science conference, the student and early-career forum, to the special interest group meetings, the masterclasses and the local centre meetings. That’s often several each week for us to choose from. This year we’ve moved gradually towards a mixture of in-person and on-line formats, so that we can finally get back to meeting together once again, but also kept our on-line options so more meetings are open to those who can’t travel so easily. A new initiative this year has been to introduce three 12month Science Engagement Fellowships and corresponding Special Interest Groups, in the

Page 5 of 9

areas of ‘Youth and Early Career’, ‘Energy’ and ‘Insurance’. These have got off to a flying start with dedicated meetings that will help foster and improve partnerships and engagement with these sectors.

Academics like myself will also be very aware of the strong publishing reputation of the Society, with its portfolio of 8 different journals. The oldest, the Quarterly Journal, will reach its 150th birthday in 2023 while the youngest was launched only this year, on the topic of Climate Resilience and Sustainability. The Society also published a new Weather A-Z book this year, which has already sold over 700 copies. What I think is perhaps less well known is all the amazing work the Society does in terms of its education and outreach. I think we will all agree on the importance of teaching weather and climate topics in schools from an early age. Over the years, I have been involved in many initiatives to understand why there is such a gender-imbalance in science, technology, engineering and mathematics. Pretty much every research study comes back with the importance of attitudes that are formed from a very early age. So, a key aim of the Society is to work with schools to foster an interest in weather and climate from an early age, to help introduce weather and climate topics so that every school-leaver achieves an improved level of climate-literacy.

This year, the uptake of our Weather and Climate Teachers guide has been heart-warming. In collaboration with IPSOS we carried out our first climate literacy survey of school leavers, with the plan to repeat this annually. We also thank the many volunteers who helped carry out an audit of schools’ exam board curricula, looking for opportunities where we can work with them to broaden and improve climate education. If you take a look at the web pages, at the MetMatters weather and climate blog, you’ll see the huge array of material that the society provides, with topical content such as the Tonga volcanic eruption and recordbreaking heatwaves. There are new animated videos explaining topics ranging from rain, sleet and snow, to why the sky is blue and how rainbows are formed. New resources for schools were produced around the IPCC climate reports, COP27 and several targeted specifically towards physics teachers. All of this has helped to grow our reputation for being a source of interesting and reliable content.

As well as the schools work, the Society continues to work to improve weather and climate communications training for those working in the media and PR, and also secured funding to deliver climate change training to community leaders, in partnership with the British Antarctic Survey. In September a Climate Change Forum was held, exploring 3 key sectors; the food, building and transport industries. The findings from the event were submitted as evidence to the Government’s Net Zero review. The Society has also continued in its important work towards achieving Net Zero by 2025, with several new initiatives outlined in the report below. Further new initiatives this year have included a complete review of the Society’s Awards and the formation of its Equality, Diversity and Inclusivity Working Group. The Society has also continued to grow the Weather Photographer of the Year competition, reaching more countries than ever before, with entries from 119 countries and 25,000 visitors to the photography exhibition.

So, all in all, another very busy and productive year. When you get a little free time, take the chance to have a look around the RMetS web pages and see all the things you are supporting. It couldn’t be achieved without the continued support of you, our members, and all of the volunteers who give so freely of their time and energy. Thank you so much. And please do get in touch and let us know if you’d like to get more involved. We were delighted

Page 6 of 9

that over 90% of you chose to renew your membership last year and look forward to our journey with you into 2023.

I thoroughly commend to you our Annual Report for 2022.

Lesley Gray, PhD, FRMetS

Date 4 July 2023

THE YEAR JANUARY TO DECEMBER 2022

A brief review of the highlights.

2022 was warmer, drier, and sunnier than average for most of the UK. It was another recordbreaking year that will be remembered for breaking two significant records – a daily maximum temperature of 40.3°C at Coningsby, Lincolnshire on 19 July and a UK average annual temperature over 10°C. Both these records were highly unlikely to have happened without the influence of human-induced climate change. While 2022 was the UK’s warmest year on record overall, it also included a prolonged spell of cold and snowy weather in December. This was one of the most significant cold snaps since December 2010.

It was another busy year for the Society across all of our activities.

In 2022 the Society saw an increase in most levels of membership, including standard members, life fellows, honorary fellows, and corporate members, but overall had a small decline in total membership of 1.7% (to 3,222). Membership development remains one of the strategic aims of the Society focusing on retention and new member acquisition through a series of activities. Member retention rates for 2022 were 90.4%, achieved during another difficult year, which is all credit to the hard work of the membership team. This demonstrates that members value their membership. Continuing through 2022 the Society’s focus has been on the impact of COVID-19 on the sector. Subscription renewals have been closely monitored with additional communications on support available to members.

The Society is extremely grateful for the continued support from an active and engaged community of volunteers , with over 600 volunteers involved on the Society’s committees or contributing in other ways. This important contribution from volunteers allows the Society to successfully achieve many of the activities highlighted in this annual report.

The Society gave 311 media interview requests fulfilled and 3,516 items of media coverage, an increase of 65% and 39% respectively. Website users grew by 37% in 2022, with 952,596 users visiting the website. Social media presence continued to grow with the most significant increase on LinkedIn, where followers grew by 55% from 2,000 to 4,441. In addition, we have 15,056 followers on Twitter, 6,564 on Instagram and 4,700 on Facebook. The Society Marketing and Communications team were finalists for Team of the Year at MemCom Excellence Awards 2022.

In 2022, the Society appointed an external consultant to provide overarching coordination for the Society’s work on Equality, Diversity, and Inclusion (EDI) and to support the Society with reporting. The Society launched a new EDI Working Group to provide advice and guidance to the Society as it continues to deliver and improve its work on EDI. The Society has established clear actions and priorities for improving EDI and has begun to make progress e.g. through improving the accessibility of its communications, such as creating accessible documents, including closed caption option for virtual events etc. The current Council membership has an equal gender balance, with some representation from ethnically diverse communities.

Page 7 of 9

The Society is part of Pledge to Net Zero, CAFA (Climate Action For Associations), and helped develop and signed The Charter for Climate Action. The Society is committed to achieving net-zero direct carbon emissions (Scope 1 & 2) by 2025, where there is direct control through avoiding, reducing and substituting. It is also working towards net-zero indirect emissions (Scope 3) by 2030, subject to a full feasibility assessment. The Society has already cut its scope 2 electricity emissions to net-zero by switching to a 100% renewable energy tariff, switching to efficient lighting and installing solar panels on the roof to contribute to its energy demands. During 2022, the Society replaced its gas boiler heating system with a new heating and cooling system run off our renewable energy supply.

After completing a review in 2021, the Society used 2022 to launch a modernised awards portfolio. The review recognized that the nature and extent of contributions of Society members had broadened substantially, as meteorology and related disciplines have become more central to education, business and policy. New awards were introduced and other awards where updated with additional sign-posting and short videos to help nominators find the right award.

The Society continues to strengthen its relationship with strategic partners from a range of organisations including academic institutions, business and industry, NGOs and government to support the delivery of its charitable objectives.

The Society successfully delivered an ambitious programme of events throughout 2022. In total we hosted 53 events: 13 were held in-person; 5 live streamed; and 35 virtual conferences and meetings.

Scientific publishing is one of the Society’s strengths and aims to deliver a high-quality portfolio of journals and book programme to support scientific knowledge management and promotion of the science. Income from scientific publishing makes up a significant portion of the Society’s total income and allows the Society to deliver several other important programmes of work and charitable activities. In 2022, the Society published the first issue of the new open-access journal Climate Resilience and Sustainability . In partnership with the Natural History Museum, the Society published a book called Weather A-Z presenting an A to Z guide to the Earth’s spectacular weather phenomena, illustrated with dramatic imagery from the annual Weather Photographer of the Year competition.

The Society has managed to deliver the vast majority of activities planned 2022, thanks to the support and determination of the staff and volunteers. The Society continues to be in a strong financial position. However, the next few years remain challenging, with pressures on income across the meteorological community and from scientific publishing due to the move to an Open Access model; the Society will enter this period on a firm financial footing.

FINANCE

The Annual Accounts for the year ending 31 December 2022 are published separately from this Annual Report in line with the requirements of the Charity Commission. The Auditors’ report is on page 1-2 of the Accounts and certifies that in their opinion the financial statements give a true and fair view of the Society’s affairs and of its income and expenditure for the year then ended.

The Society continues to be in a good financial position and total reserves at 31 December 2022 were £2,630,199 (2021: £2,737,220).

Page 8 of 9

The operating surplus of the Society in 2022 was £32,657 (2021: £115,849) which exceeded our budget for the year. We have been fortunate that historical income streams have not been substantially affected by the pandemic although there has been a consequential delay in our progress towards income diversification. Investment losses of £139,678 (2021: gain £106,063) were recognised, this decrease in the value of investments reflects the negative impact of the Russian invasion of Ukraine, interest rate hikes to contain inflation and lingering pandemic effects within the investment market over the year to 31 December 2022.

The Society’s scientific publications made up over 70% of our income, providing £911,271 (2021: £814,515), The increase of 11% in the year is attributable mainly to the one-off bonus received for renewal of our publishing contract. Non-subscription publishing income from institutions has again made an important contribution and Open Access income is slowly increasing reflecting the gradual move away from traditional subscription journals. Other publishing activities such as the calendar and books contributed £11,323 (2021: £14,154). The associated expenditure on publications was £203,762 (2021: £191,786).

The total Membership Subscription income including Gift Aid and Accreditation Fees was slightly lower than the previous year at £236,835 (2021: £237,379) and reflects the slight reduction in overall membership of 1.7%. During 2022 staff have continued to develop the strategy and direction for the future, emphasis continues to be placed upon addressing the anticipated trend of falling individual membership numbers and re-invigoration of sustainable partnerships with corporate members. The pandemic has meant that the opportunities to maximise the financial impact of these initiatives have been more limited, but there is clear evidence that the public and professional profile of the Society continues to be raised by increased digital and media communication.

Conferences and meetings continued to be delivered predominantly on virtual platforms, although there has been a welcome return to “in person” events during the year, which has helped increase income to £46,719 (2021: £19,823)

The notes in the separate Annual Accounts provide more insight into the detailed figures and the way these have been compiled.

Page 9 of 9

Royal Meteorological Society

Audited Accounts

For the year ended 31 December 2022

INDEX
Page
Auditors' Report 1-2
Statement of Financial Activities 3
Balance Sheet 4
Cashflow Statement 5
Notes to the Accounts 6-17

Independent Auditor's Report to the Trustees of The Royal Meteorological Society

Opinion

We have audited the financial statements of The Royal Meteorological Society for the year ended 31 December 2022 which comprise Statement of Financial Activities, Balance Sheet, Cashflow Statements and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

the financial statements are not in agreement with the accounting records and returns; or we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement set out on page 41 of the trustees report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with regulations made under section 155 of that Act.

Page 1

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from Reasonable assurance is a high level of assurance, but is not a guarantee that an audil conducted in accordance with material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud Involves intentional concealment, forgery, collusion, omission or misrepresentation. throughout the audit. We also: As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

We communicate wtth those charged with governance regarding, among other matters, the planned scope and timing of audit. the audit and significant audit findings, including any significant deficiencies in internal control that we Identify during our

Use of our report

Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those ose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for matters we are required to state to them in an auditor's report and for no other purp our audit work, for this report, or for the opinions we have formed.

er Garland Umtted (Ms A E wmams) 21 July 2023 Port

Communication House Victoria Avenue Camberley Surrey GU15 3HX

terms of section 1212 of the Companies Act 2006. Porter Garland Limited is eligible to act as an auditor in

Page 2

Royal Meteorological Society

Statement of Financial Activities

for the Year ended 31 December 2022

Income and Expenditure
Incoming Resources
Donations, Legacies and Gifts
Membership
Charitable Activities
-Publications
-Meetings and Events
Investment Income
Other Income - miscellaneous
Total Incoming Resources
Resources Expended
Fundraising
Charitable Activities
-Publications
-Meetings and Events
-Schools Activities
-Grants Awarded
-Supported Organisations
-Local Centres
-Awards and Prizes
-Central Support
Other costs - miscellaneous
Total Resources Expended
Net Incoming Resources for the Year
Other Recognised Gains and Losses
Gains/ (Losses) on Revaluation of Investments
Gains/ (Losses) on Investment Sales
Net Movements in Funds
Total Funds brought forward
Total Funds carried forward
Note Designated
General
Legacies
Fund
Fund
Total
Funds
2022
Total
Funds
2021
16
18
8
9,10
17
16
834
.
236,835
-
922,594
-
46,719
-
21,054
9,242
26,565
-
834
236,835
922,594
46,719
30,296
26,565
1,633
237,379
828,669
19,823
27,380
32,181
11
12
13
14
15
19
20
21
3
£
1,254,601
£
9,242
£
1,263,843
£

1,147,065
80,361
-
203,762
-
158,841
-
61,007
32,680
1,327
5,950
52,604
-
26,125
-
13,728
3,067
579,372
-
12,362
-
80,361
203,762
158,841
93,687
7,277
52,604
26,125
16,795
579,372
12,362
51,161
191,786
87,845
66,117
2,685
47,755
17,126
14,884
540,101
11,756
£
1,189,489
£
41,697
£
1,231,186
£

1,031,216
£
65,112
£
(32,455)
£
32,657£
115,849
(72,433)
(36,217}
(20,685}
(10,343}
(108,650}
(31,028}
93,074
12,989-
£
£
(28,006)£
(79,015)
2,426,071
311,149
2,398,065£
232,134
£
(107,021)£
2,737,220
£
2,630,199
£
221,912
2,515,308

2,737,220

The notes on pages 6 to 17 form an integral part of these accounts.

Page3

Royal Meteorological Society

Balance Sheet as at 31 December 2022

Fixed Assets
Tangible Assets
Quoted Investments
Current Assets
Debtors and Stock
Cash at Bank and in Hand
Creditors: Amounts Falling Due Within
Net Assets
Financed by:
General Fund
Legacies Fund
Capital Reserves
One Year
Note
2
3
4
5
6
2022
50,545
1,081,449
1,131,994
198,540
£
£
592,462
1,104,283
1,696,745
933,454
2,630,199
2,398,065
232,134
2,630,199
2021 2021
68,586
1,117,807
1,186,393
245,453




555,349
1,240,931
1,796,280
940,940
1,131,994
198,540
£
2,737,220
2,426,071
311,149
£
2,737,220

The notes on pages 6 to 17 form an integral part of these accounts.

Approved by the Board of Trustees and signed on Its behalf on 21 July 2023 by:

LESLEY GRAY President

JENNIFER CAMPBELL Treasurer

Page 4

Royal Meteorological Society

Cashflow Statement

for the Year ended 31 December 2022

Net cash provided by operating activities:
Net movement in funds
Depreciation of tangible fixed assets
Investment income
(Gains)/ losses on revaluation of investments
(Gains)/ losses on disposal of investments
Decrease/ (Increase) in debtors
Increase/ (decrease) in creditors
Net cash from operating activities
Cashflows from Investing activities:
Dividends received
Interest received
Purchase of investments
Proceeds of disposal of investments
Purchase of tangible fixed assets
Total cashflow from investing activities
Increase/ (Decrease) in cash
Reconciliation of net cashflow
Cash held at 31 December
Cash held at 1 January
Change in cash and cash equivalents during the year
Note
2
17
3
3
2
5
5

Designated
General
Legacies
Fund
Fund

Designated
General
Legacies
Fund
Fund
£
Total
Funds
2022
(107,021)
12,459
(30,296)
108,650
31,028
18,041
(46,913)
92,969
(14,052)
27,726
2,570
(235,115)
232,085
(49,572)
(22,306)
(36,358)
1,081,449
1,117,807
£
(36,358)
Total
2021
(28,006)
(79,015)
12,459
(21,054)
(9,242)
72,433
36,217
20,685
10,343
18,041
(46,913)
221,912
4,967
(27,380)
(93,074)
(12,989)
(34,265)
(14,516)
(177,257)
55,651
37,318
27,645
(41,697)
18,484
9,242
2,570
(156,743)
(78,372)
154,723
77,362
(49,572)
44,655
27,123
257
(155,987)
139,822
(9,851)
1,364
(30,538)
8,232
£
(2,893)£
(33,465)
£
46,019
1,117,807
1,071,788
£
46,019

Page 5

Royal Meteorological Society

Notes to the Accounts

for the Year ended 31 December 2021

General information

The Charity is a registered charity in England and Wales and is unincorporated. The address of the principal office is 104 Oxford Road, Reading, RGl 7LL.

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

1. Accounting Policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees to further any of the Charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Page 6

Royal Meteorological Society

Notes to the Accounts

for the Year ended 31 December 2021

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Furniture, fixtures and fittings 10% on cost Office equipment 20% - 33% on cost

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Page 7

Royal Meteorological Society

Notes to the Accounts

for the Year ended 31 December 2021

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Debtors and trade creditors that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in whi eh the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount wou Id have been had the impairment not previously been recognised.

Pension

The Society's contributions in respect of the staff pension arrangements are charged to the Income and Expenditure Account for the year in which they are payable to the pension providers. From 1 June 2016 the Society has had auto enrolment pension arrangements in place.

Page 8

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note

2.
Tangible Assets
Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
At 1 January 2022
Charge for Year
On Disposals
At 31 December 2022
Net Book Value
At 31 December 2022
At 31 December 2021
3.
Quoted Investments
Market Value at 1 January
Additions
Disposals
At 31 December
Revaluation to Market Value
Market Value at 31 December
Historical Cost
Freehold
Property
544,590
Furniture &
Equipment
Total
188,617
733,207
49,572
49,572
(12,996)
(12,996)
£
544,590
£
£
544,590
£
544,590
£
225,193
£
769,783
177,858
177,858
12,459
12,459
(12,996)
(12,996)
£
177,321
£
177,321

£
47,872
£
592,462
£
10,759
£
555,349
2022
2021
1,240,931
1,118,703
235,115
155,987
(263,114)
{126,832)
£
1,212,932
£
1,147,858
(108,649)
93,073
£
1,104,283£
1,240,931
£
1,005,747
£
1,019,756

The Society's investments are managed by Rathbone Investment Management Limited. The value of the portfolio, analysed by the investment holdings, is as follows:

Government Stock and Corporate Bonds
UK Equities
Overseas Equities/ Other Investments
2022
2021
270,307
305,126
300,048
359,373
533,928
576,432
£
1,104,283
£
1,240,931

Page 9

Royal Meteorological Society

Notes to the Accounts for the Year Ended 31 December 2022

Note

4.
Debtors and Stock
Debtors
Payments in Advance
Gift Aid Recoverable
Total Debtors
5.
Balances at Bank and CashinHand
Lloyds Bank Pie - Current Account
Lloyds Bank Pie - Deposit Account
Investment Managers Cash Account
Cash
6.
Creditors: Amount Falling Due Within One Vear
Creditors and Accrued Charges
Amounts Received in Advance:
Membership Subscriptions
Value Added Tax Payable
PAYE and National Insurance
7.
Analysis of Net Assets between Funds
Fund Balances are represented by:
Quoted Investments
Other Net Assets
2022
2021
26
5,430
35,468
18,879
15,051
44,277
£
50,545£
68,586
19,072
28,668
1,018,660
1,061,413
43,627
27,493
90
233
£
1,081,449£
1,117,807
133,887
137,451
48,493
90,006
1,936
2,471
14,224
15,525
£
198,540£
245,453
Designated
Designated
Unrestricted
General
Unrestricted
General
2022
2022
2021
2021
368,094
736,189
413,644
827,287
-135,960
1,661,876
-102,495
1,598,784
£
232,134£
2,398,065£
311,149£2,426,071

Page10

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note
8.
Publications etc - Income (General Fund)
9.
10.
Net receipts from scientific publications
Calendar
Other Publications
Publications Income Total
Meetings and Events Income
Training Events
National Meetings
SIG meetings
Conference Income
Delegate Receipts and Sponsorship
Total Meetings Income (Notes 9 & 10)
£
Designated
General
Legacies
Fund
Fund
6,566
£
6,566£
£
40,153
2022
911,271
3,330
7,993
922,594£
2022
Total
6,566
6,566£
40,153
2021
814,515
3,422
10,732
828,669
2021
Total
19,823
£
40,153£
£
£
46,719£
£
40,153£
46,719£
19,823
19,823

Page 11

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note

11.
Publications Expenditure (General Fund)
Quarterly Journal
Subscriptions and Other Costs
Staff Costs
Premises and Admin Overheads
Weather
Subscriptions and Other Costs
Staff Costs
Premises and Admin Overheads
International Journal of Climatology
Subscriptions and Other Costs
Staff Costs
Premises and Admin Overheads
Meteorological Applications
Subscriptions and Other Costs
Staff Costs
Premises and Admin Overheads
Atmospheric Science Letters
Subscriptions and Other Costs
Staff Costs
Premises and Admin Overheads
Calendar
Production Costs
Staff Costs
Premises and Admin Overheads
Other Publications (incl digital)
Production Costs
Staff Costs
Premises and Admin Overheads
Publications Expenditure Total
2022
1,601
2,826
734
5,161
73,246
12,990
3,409
89,645
167
8,392
2,200
10,759
4,367
1,149
S,516
11,184
2,933
14,117
1,932
5,465
1,446
8,843
1,310
54,163
14,248
69,721
£
203,762
2021
1,826
16,406
2,725
20,957
64,923
12,601
2,097
79,621
120
3,348
557
4,025
5,543
924
6,467
3,999
663
4,662
1,481
3,946
651
6,078
15,802
46,463
7,711
69,976
£
191,786
73,246
12,990
3,409
167
8,392
2,200
4,367
1,149
11,184
2,933
1,932
5,465
1,446
1,310
54,163
14,248

Page 12

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note
12.
Meetings and Events Expenditure
National Meetings
Direct Costs
Staff Costs
Premises and Admin Overheads
Other Meetings and Training Events
Direct Costs
Staff Costs
Premises and Admin Overheads
Conferences
Premises Hire, Travel and Catering
Staff Costs
Premises and Admin Overheads
Specialist Groups and Miscellaneous
Direct Costs
Total Meetings Expenditure
13.
Schools Activities
Expenditure
Direct Costs
Staff Costs
Premises and Admin Overheads
14.
Grants
Meetings and Conference Grants
Staff Costs
Premises and Admin Overheads
Designated
General
Legacies
2022
2021
Fund
Fund
Total
Total
7,442
7,442
1,702
20,908
20,908
19,619
5,490
5,490
3,258
£
33,840£
£
33,840£
24,579
1,858
1,858
32,291
32,291
16,561
8,481
8,481
2,748
£
42,630£
£
42,630£
19,309
40,359
40,359
6,397
33,122
33,122
32,205
8,700
8,700
5,355
£
82,181£
£
82,181£
43,957
190
190
£
190£
£
190£
£
158,841£
£
158,841£
87,845
32,680
32,680
16,881
48,304
48,304
42,223
12,703
12,703
7,013
£
61,007£
32,680£
93,687£
66,117
5,950
5,950
1,500
1,049
1,049
1,019
278
278
166
£
1,327£
5,950£
7,277£
2,685

Page 13

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note

15.
Supported Organisations
EMS Membership and Meetings
Science Council Membership and Meetings
Other Organisations
Staff Costs
Premises and Admin Overheads
16.
Miscellaneous Income
Grants, special funding
Donations and legacies
Reproduction Fees, Advertising Royalties and other
17.
Investment Income
Interest on Deposits
Income from Shares and Securities
18.
Membership Income
Members
Gift Aid
Accreditation Fees
Designated
General
Legacies
2022
2021
Fund
Fund
Total
Total
6,441
6,441
5,237
1,706
1,706
1,706
9,579
9,579
4,110
27,606
27,606
31,478
7,272
7,272
5,224
£
52,604£
£
52,604£
47,755
18,416
18,416
10,285
834
834
1,633
8,149
8,149
21,896
£
27,399£
£
27,399£
33,814
2,570
2,570
257
18,484
9,242
27,726
27,123
£
21,054£
9,242
£
30,296£
27,380
213,110
213,110
213,658
16,574
16,574
17,500
7,151
7,151
6,221
£
236,835£
£
236,835£
237,379

Page 14

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note

ote
19.
Local Centres Subventions
North East Centre
North West Centre
Scottish Centre
East Midlands Centre
South West Centre
South East Centre
Yorkshire Centre
West Midlands
Staf Costs
Premises and Admin Overheads
20.
Awards Committee Expenditure
Buchan Prize
Adrian Gill Prize
L F Richardson Prize
Fitzroy Prize
Gordon Manley Weather Prize
Michael Hunt Award
Climate Science Communications Award
Vaisala Award
Malcolm Walker Award
Innovation Award
Travel
Medals awarded
Staf Costs
Premises and Admin Overheads
Designated
General
Legacies
2022
2021
Fund
Fund
Total
Total
550
550
400
20,244
20,244
14,345
5,331
5,331
2,381
£
26,125£
£
26,125£
17,126
600
600
600
600
600
600
1,200
600
600
325
325
325
600
600
600
600
300
250
250
250
300
92
92
450
10,875
10,875
8,285
2,853
2,853
1,374
£
13,728£
3,067£
16,795£
14,884

Page 15

Royal Meteorological Society

Notes to the Accounts for the Year Ended 31 December 2022

Note

ote
21.
22.
Management and Administration Expenses
Governance:
Audit Fee
Council (Venues, Post, Photocopies etc.)
Bank and BACS Charges
Membership (Post, Photocopies etc.)
Travel - Other Committees
Travel - Other Meetings
Membership Advertising / Promotional costs
Professional charges
Sundries
Staff Costs (Note 22)
Establishment Expenditure (Note 23)
Administration Support (Note 24)
Staf Administration
Salaries
National Insurance
Pension Scheme
Other staff related costs
Apportioned to Fundraising
Apportioned to Activities
Administration Support
Designated
General
Legacies
2022
2021
Fund
Fund
Total
Total
3,980
3,980
4,484
893
893
838
6,526
6,526
6,390
1,084
1,084
1,676
1,157
1,157
7,856
7,856
4,794
4,780
4,780
5,680
28,363
28,363
33,922
2,791
2,791
2,708
401,007
401,007
403,989
36,540
36,540
20,800
84,395
84,395
54,820
£
579,372 £
£
579,372£
540,101
620,208
620,208
581,172
61,961
61,961
54,243
61,153
61,153
56,016
743,322
743,322
691,431
10,447
10,447
21,760
£
753,769 £
£
753,769£
713,191
58,976
58,976
51,161
293,786
293,786
258,041
401,007
401,007
403,989
£
753,769 £
£
753,769£
713,191

The average number of employees during the year was 17 (2021: 17), and the average number of full time equivalent employees was 14 (2021: 14).

Salary of highest paid employee £84,906 (2021: £83,078)

The Society is fortunate and grateful to receive the support of a large number of volunteers who contribute enormously across all activities of the Charity. This year guest speakers are included in our volunteer totals, in 2022 there were 641 active volunteers (2021: 495).

Page 16

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note

Designated
General Legacies 2022 2021
Fund Fund Total Total
23. Establishment
Rates including Water Rates 2,988 2,988 2,835
Cleaning and Gardening 15,361 15,361 9,765
• Insurance 8,646 8,646 5,980
Lighting and Heating 1,625 1,625 2,456
Repairs and Maintenance 18,797 18,797 6,585
Depreciation of Furniture and Equipment 12,459 12,459 4,967
Loss on Disposal of fixed assets
£ 59,876 £ £ 59,876 £ 32,588
Apportioned to Activities 23,336 23,336 11,788
Administration 36,540 36.540 20,800
£ 59,876 £ £ 59,876 £ 32,588
• Includes Trustee Indemnity Insurance which is part of the integrated combined cover.
24. Administration Support Costs
Computer Software, Training etc. 122,407 122,407 64,386
Printing and Photocopying (1,061) (1,061) 297
Stationery and Office Supplies 1,970 1,970 1,807
Postage and Packing 2,687 2,687 2,216
Telephone and communications 12,283 12,283 17,172
£ 138,286 £ £ 138,286 £ 85,878
Apportioned to Activities 53,891 53,891 31,059
Administration 84,395 84,395 54,820
£ 138,286 £ £ 138,286 £ 85,879

25. Library

No amounts have been included In the accounts for the value of the Library, Luke Howard painting, items on loan to Science Museum Library, Ben Nevis instruments on loan to Royal Scottish Museum and observational records on loan to the Met Office. The Items have accumulated by the Society from donations, or generated from activities with which the Society has been involvedand so no signigficant cost of acquisition has been incurred by the Society.

26. Stocks

Stock has been included in Debtors for products in which the Society has Invested.

No amount has been included in the Accounts for Stock of other Publications and Instruments held since the net realisable value is immaterial.

27. Rupert Ford Memorial Fund

During the year there were no additional donations. The fund was established during 2002 to the memory of the late Rupert Ford to finance travel awards. During 2022 no awards were made (2021: nil). The assets of the fund at 31 December 2022 stood at £38,587 (2021: £38,758).

The fund is administered by officers of the Society but kept autonomous from the Society's funds and in separate bank accounts. In consultation with the Society's auditors it was considered appropriate that this fund should not be included in the Society's Balance Sheet.

28. Related Parties

During the year 1 trustee performed some consultancy work costing the Society £200, the rate was agreed at a cost below market rate (£2021nil). During the year a total reimbursement of£ 3,700 was made to 5 Trustees for expenses (2021- nil).

Page 17

Royal Meteorological Society

Audited Accounts

For the year ended 31 December 2022

INDEX
Page
Auditors' Report 1-2
Statement of Financial Activities 3
Balance Sheet 4
Cashflow Statement 5
Notes to the Accounts 6-17

Independent Auditor's Report to the Trustees of The Royal Meteorological Society

Opinion

We have audited the financial statements of The Royal Meteorological Society for the year ended 31 December 2022 which comprise Statement of Financial Activities, Balance Sheet, Cashflow Statements and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

the financial statements are not in agreement with the accounting records and returns; or we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement set out on page 41 of the trustees report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with regulations made under section 155 of that Act.

Page 1

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from Reasonable assurance is a high level of assurance, but is not a guarantee that an audil conducted in accordance with material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud Involves intentional concealment, forgery, collusion, omission or misrepresentation. throughout the audit. We also: As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

We communicate wtth those charged with governance regarding, among other matters, the planned scope and timing of audit. the audit and significant audit findings, including any significant deficiencies in internal control that we Identify during our

Use of our report

Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those ose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for matters we are required to state to them in an auditor's report and for no other purp our audit work, for this report, or for the opinions we have formed.

er Garland Umtted (Ms A E wmams) 21 July 2023 Port

Communication House Victoria Avenue Camberley Surrey GU15 3HX

terms of section 1212 of the Companies Act 2006. Porter Garland Limited is eligible to act as an auditor in

Page 2

Royal Meteorological Society

Statement of Financial Activities

for the Year ended 31 December 2022

Income and Expenditure
Incoming Resources
Donations, Legacies and Gifts
Membership
Charitable Activities
-Publications
-Meetings and Events
Investment Income
Other Income - miscellaneous
Total Incoming Resources
Resources Expended
Fundraising
Charitable Activities
-Publications
-Meetings and Events
-Schools Activities
-Grants Awarded
-Supported Organisations
-Local Centres
-Awards and Prizes
-Central Support
Other costs - miscellaneous
Total Resources Expended
Net Incoming Resources for the Year
Other Recognised Gains and Losses
Gains/ (Losses) on Revaluation of Investments
Gains/ (Losses) on Investment Sales
Net Movements in Funds
Total Funds brought forward
Total Funds carried forward
Note Designated
General
Legacies
Fund
Fund
Total
Funds
2022
Total
Funds
2021
16
18
8
9,10
17
16
834
.
236,835
-
922,594
-
46,719
-
21,054
9,242
26,565
-
834
236,835
922,594
46,719
30,296
26,565
1,633
237,379
828,669
19,823
27,380
32,181
11
12
13
14
15
19
20
21
3
£
1,254,601
£
9,242
£
1,263,843
£

1,147,065
80,361
-
203,762
-
158,841
-
61,007
32,680
1,327
5,950
52,604
-
26,125
-
13,728
3,067
579,372
-
12,362
-
80,361
203,762
158,841
93,687
7,277
52,604
26,125
16,795
579,372
12,362
51,161
191,786
87,845
66,117
2,685
47,755
17,126
14,884
540,101
11,756
£
1,189,489
£
41,697
£
1,231,186
£

1,031,216
£
65,112
£
(32,455)
£
32,657£
115,849
(72,433)
(36,217}
(20,685}
(10,343}
(108,650}
(31,028}
93,074
12,989-
£
£
(28,006)£
(79,015)
2,426,071
311,149
2,398,065£
232,134
£
(107,021)£
2,737,220
£
2,630,199
£
221,912
2,515,308

2,737,220

The notes on pages 6 to 17 form an integral part of these accounts.

Page3

Royal Meteorological Society

Balance Sheet as at 31 December 2022

Fixed Assets
Tangible Assets
Quoted Investments
Current Assets
Debtors and Stock
Cash at Bank and in Hand
Creditors: Amounts Falling Due Within
Net Assets
Financed by:
General Fund
Legacies Fund
Capital Reserves
One Year
Note
2
3
4
5
6
2022
50,545
1,081,449
1,131,994
198,540
£
£
592,462
1,104,283
1,696,745
933,454
2,630,199
2,398,065
232,134
2,630,199
2021 2021
68,586
1,117,807
1,186,393
245,453




555,349
1,240,931
1,796,280
940,940
1,131,994
198,540
£
2,737,220
2,426,071
311,149
£
2,737,220

The notes on pages 6 to 17 form an integral part of these accounts.

Approved by the Board of Trustees and signed on Its behalf on 21 July 2023 by:

LESLEY GRAY President

JENNIFER CAMPBELL Treasurer

Page 4

Royal Meteorological Society

Cashflow Statement

for the Year ended 31 December 2022

Net cash provided by operating activities:
Net movement in funds
Depreciation of tangible fixed assets
Investment income
(Gains)/ losses on revaluation of investments
(Gains)/ losses on disposal of investments
Decrease/ (Increase) in debtors
Increase/ (decrease) in creditors
Net cash from operating activities
Cashflows from Investing activities:
Dividends received
Interest received
Purchase of investments
Proceeds of disposal of investments
Purchase of tangible fixed assets
Total cashflow from investing activities
Increase/ (Decrease) in cash
Reconciliation of net cashflow
Cash held at 31 December
Cash held at 1 January
Change in cash and cash equivalents during the year
Note
2
17
3
3
2
5
5

Designated
General
Legacies
Fund
Fund

Designated
General
Legacies
Fund
Fund
£
Total
Funds
2022
(107,021)
12,459
(30,296)
108,650
31,028
18,041
(46,913)
92,969
(14,052)
27,726
2,570
(235,115)
232,085
(49,572)
(22,306)
(36,358)
1,081,449
1,117,807
£
(36,358)
Total
2021
(28,006)
(79,015)
12,459
(21,054)
(9,242)
72,433
36,217
20,685
10,343
18,041
(46,913)
221,912
4,967
(27,380)
(93,074)
(12,989)
(34,265)
(14,516)
(177,257)
55,651
37,318
27,645
(41,697)
18,484
9,242
2,570
(156,743)
(78,372)
154,723
77,362
(49,572)
44,655
27,123
257
(155,987)
139,822
(9,851)
1,364
(30,538)
8,232
£
(2,893)£
(33,465)
£
46,019
1,117,807
1,071,788
£
46,019

Page 5

Royal Meteorological Society

Notes to the Accounts

for the Year ended 31 December 2021

General information

The Charity is a registered charity in England and Wales and is unincorporated. The address of the principal office is 104 Oxford Road, Reading, RGl 7LL.

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

1. Accounting Policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees to further any of the Charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Page 6

Royal Meteorological Society

Notes to the Accounts

for the Year ended 31 December 2021

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Furniture, fixtures and fittings 10% on cost Office equipment 20% - 33% on cost

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Page 7

Royal Meteorological Society

Notes to the Accounts

for the Year ended 31 December 2021

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Debtors and trade creditors that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in whi eh the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount wou Id have been had the impairment not previously been recognised.

Pension

The Society's contributions in respect of the staff pension arrangements are charged to the Income and Expenditure Account for the year in which they are payable to the pension providers. From 1 June 2016 the Society has had auto enrolment pension arrangements in place.

Page 8

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note

2.
Tangible Assets
Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
At 1 January 2022
Charge for Year
On Disposals
At 31 December 2022
Net Book Value
At 31 December 2022
At 31 December 2021
3.
Quoted Investments
Market Value at 1 January
Additions
Disposals
At 31 December
Revaluation to Market Value
Market Value at 31 December
Historical Cost
Freehold
Property
544,590
Furniture &
Equipment
Total
188,617
733,207
49,572
49,572
(12,996)
(12,996)
£
544,590
£
£
544,590
£
544,590
£
225,193
£
769,783
177,858
177,858
12,459
12,459
(12,996)
(12,996)
£
177,321
£
177,321

£
47,872
£
592,462
£
10,759
£
555,349
2022
2021
1,240,931
1,118,703
235,115
155,987
(263,114)
{126,832)
£
1,212,932
£
1,147,858
(108,649)
93,073
£
1,104,283£
1,240,931
£
1,005,747
£
1,019,756

The Society's investments are managed by Rathbone Investment Management Limited. The value of the portfolio, analysed by the investment holdings, is as follows:

Government Stock and Corporate Bonds
UK Equities
Overseas Equities/ Other Investments
2022
2021
270,307
305,126
300,048
359,373
533,928
576,432
£
1,104,283
£
1,240,931

Page 9

Royal Meteorological Society

Notes to the Accounts for the Year Ended 31 December 2022

Note

4.
Debtors and Stock
Debtors
Payments in Advance
Gift Aid Recoverable
Total Debtors
5.
Balances at Bank and CashinHand
Lloyds Bank Pie - Current Account
Lloyds Bank Pie - Deposit Account
Investment Managers Cash Account
Cash
6.
Creditors: Amount Falling Due Within One Vear
Creditors and Accrued Charges
Amounts Received in Advance:
Membership Subscriptions
Value Added Tax Payable
PAYE and National Insurance
7.
Analysis of Net Assets between Funds
Fund Balances are represented by:
Quoted Investments
Other Net Assets
2022
2021
26
5,430
35,468
18,879
15,051
44,277
£
50,545£
68,586
19,072
28,668
1,018,660
1,061,413
43,627
27,493
90
233
£
1,081,449£
1,117,807
133,887
137,451
48,493
90,006
1,936
2,471
14,224
15,525
£
198,540£
245,453
Designated
Designated
Unrestricted
General
Unrestricted
General
2022
2022
2021
2021
368,094
736,189
413,644
827,287
-135,960
1,661,876
-102,495
1,598,784
£
232,134£
2,398,065£
311,149£2,426,071

Page10

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note
8.
Publications etc - Income (General Fund)
9.
10.
Net receipts from scientific publications
Calendar
Other Publications
Publications Income Total
Meetings and Events Income
Training Events
National Meetings
SIG meetings
Conference Income
Delegate Receipts and Sponsorship
Total Meetings Income (Notes 9 & 10)
£
Designated
General
Legacies
Fund
Fund
6,566
£
6,566£
£
40,153
2022
911,271
3,330
7,993
922,594£
2022
Total
6,566
6,566£
40,153
2021
814,515
3,422
10,732
828,669
2021
Total
19,823
£
40,153£
£
£
46,719£
£
40,153£
46,719£
19,823
19,823

Page 11

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note

11.
Publications Expenditure (General Fund)
Quarterly Journal
Subscriptions and Other Costs
Staff Costs
Premises and Admin Overheads
Weather
Subscriptions and Other Costs
Staff Costs
Premises and Admin Overheads
International Journal of Climatology
Subscriptions and Other Costs
Staff Costs
Premises and Admin Overheads
Meteorological Applications
Subscriptions and Other Costs
Staff Costs
Premises and Admin Overheads
Atmospheric Science Letters
Subscriptions and Other Costs
Staff Costs
Premises and Admin Overheads
Calendar
Production Costs
Staff Costs
Premises and Admin Overheads
Other Publications (incl digital)
Production Costs
Staff Costs
Premises and Admin Overheads
Publications Expenditure Total
2022
1,601
2,826
734
5,161
73,246
12,990
3,409
89,645
167
8,392
2,200
10,759
4,367
1,149
S,516
11,184
2,933
14,117
1,932
5,465
1,446
8,843
1,310
54,163
14,248
69,721
£
203,762
2021
1,826
16,406
2,725
20,957
64,923
12,601
2,097
79,621
120
3,348
557
4,025
5,543
924
6,467
3,999
663
4,662
1,481
3,946
651
6,078
15,802
46,463
7,711
69,976
£
191,786
73,246
12,990
3,409
167
8,392
2,200
4,367
1,149
11,184
2,933
1,932
5,465
1,446
1,310
54,163
14,248

Page 12

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note
12.
Meetings and Events Expenditure
National Meetings
Direct Costs
Staff Costs
Premises and Admin Overheads
Other Meetings and Training Events
Direct Costs
Staff Costs
Premises and Admin Overheads
Conferences
Premises Hire, Travel and Catering
Staff Costs
Premises and Admin Overheads
Specialist Groups and Miscellaneous
Direct Costs
Total Meetings Expenditure
13.
Schools Activities
Expenditure
Direct Costs
Staff Costs
Premises and Admin Overheads
14.
Grants
Meetings and Conference Grants
Staff Costs
Premises and Admin Overheads
Designated
General
Legacies
2022
2021
Fund
Fund
Total
Total
7,442
7,442
1,702
20,908
20,908
19,619
5,490
5,490
3,258
£
33,840£
£
33,840£
24,579
1,858
1,858
32,291
32,291
16,561
8,481
8,481
2,748
£
42,630£
£
42,630£
19,309
40,359
40,359
6,397
33,122
33,122
32,205
8,700
8,700
5,355
£
82,181£
£
82,181£
43,957
190
190
£
190£
£
190£
£
158,841£
£
158,841£
87,845
32,680
32,680
16,881
48,304
48,304
42,223
12,703
12,703
7,013
£
61,007£
32,680£
93,687£
66,117
5,950
5,950
1,500
1,049
1,049
1,019
278
278
166
£
1,327£
5,950£
7,277£
2,685

Page 13

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note

15.
Supported Organisations
EMS Membership and Meetings
Science Council Membership and Meetings
Other Organisations
Staff Costs
Premises and Admin Overheads
16.
Miscellaneous Income
Grants, special funding
Donations and legacies
Reproduction Fees, Advertising Royalties and other
17.
Investment Income
Interest on Deposits
Income from Shares and Securities
18.
Membership Income
Members
Gift Aid
Accreditation Fees
Designated
General
Legacies
2022
2021
Fund
Fund
Total
Total
6,441
6,441
5,237
1,706
1,706
1,706
9,579
9,579
4,110
27,606
27,606
31,478
7,272
7,272
5,224
£
52,604£
£
52,604£
47,755
18,416
18,416
10,285
834
834
1,633
8,149
8,149
21,896
£
27,399£
£
27,399£
33,814
2,570
2,570
257
18,484
9,242
27,726
27,123
£
21,054£
9,242
£
30,296£
27,380
213,110
213,110
213,658
16,574
16,574
17,500
7,151
7,151
6,221
£
236,835£
£
236,835£
237,379

Page 14

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note

ote
19.
Local Centres Subventions
North East Centre
North West Centre
Scottish Centre
East Midlands Centre
South West Centre
South East Centre
Yorkshire Centre
West Midlands
Staf Costs
Premises and Admin Overheads
20.
Awards Committee Expenditure
Buchan Prize
Adrian Gill Prize
L F Richardson Prize
Fitzroy Prize
Gordon Manley Weather Prize
Michael Hunt Award
Climate Science Communications Award
Vaisala Award
Malcolm Walker Award
Innovation Award
Travel
Medals awarded
Staf Costs
Premises and Admin Overheads
Designated
General
Legacies
2022
2021
Fund
Fund
Total
Total
550
550
400
20,244
20,244
14,345
5,331
5,331
2,381
£
26,125£
£
26,125£
17,126
600
600
600
600
600
600
1,200
600
600
325
325
325
600
600
600
600
300
250
250
250
300
92
92
450
10,875
10,875
8,285
2,853
2,853
1,374
£
13,728£
3,067£
16,795£
14,884

Page 15

Royal Meteorological Society

Notes to the Accounts for the Year Ended 31 December 2022

Note

ote
21.
22.
Management and Administration Expenses
Governance:
Audit Fee
Council (Venues, Post, Photocopies etc.)
Bank and BACS Charges
Membership (Post, Photocopies etc.)
Travel - Other Committees
Travel - Other Meetings
Membership Advertising / Promotional costs
Professional charges
Sundries
Staff Costs (Note 22)
Establishment Expenditure (Note 23)
Administration Support (Note 24)
Staf Administration
Salaries
National Insurance
Pension Scheme
Other staff related costs
Apportioned to Fundraising
Apportioned to Activities
Administration Support
Designated
General
Legacies
2022
2021
Fund
Fund
Total
Total
3,980
3,980
4,484
893
893
838
6,526
6,526
6,390
1,084
1,084
1,676
1,157
1,157
7,856
7,856
4,794
4,780
4,780
5,680
28,363
28,363
33,922
2,791
2,791
2,708
401,007
401,007
403,989
36,540
36,540
20,800
84,395
84,395
54,820
£
579,372 £
£
579,372£
540,101
620,208
620,208
581,172
61,961
61,961
54,243
61,153
61,153
56,016
743,322
743,322
691,431
10,447
10,447
21,760
£
753,769 £
£
753,769£
713,191
58,976
58,976
51,161
293,786
293,786
258,041
401,007
401,007
403,989
£
753,769 £
£
753,769£
713,191

The average number of employees during the year was 17 (2021: 17), and the average number of full time equivalent employees was 14 (2021: 14).

Salary of highest paid employee £84,906 (2021: £83,078)

The Society is fortunate and grateful to receive the support of a large number of volunteers who contribute enormously across all activities of the Charity. This year guest speakers are included in our volunteer totals, in 2022 there were 641 active volunteers (2021: 495).

Page 16

Royal Meteorological Society

Notes to the Accounts

for the Year Ended 31 December 2022

Note

Designated
General Legacies 2022 2021
Fund Fund Total Total
23. Establishment
Rates including Water Rates 2,988 2,988 2,835
Cleaning and Gardening 15,361 15,361 9,765
• Insurance 8,646 8,646 5,980
Lighting and Heating 1,625 1,625 2,456
Repairs and Maintenance 18,797 18,797 6,585
Depreciation of Furniture and Equipment 12,459 12,459 4,967
Loss on Disposal of fixed assets
£ 59,876 £ £ 59,876 £ 32,588
Apportioned to Activities 23,336 23,336 11,788
Administration 36,540 36.540 20,800
£ 59,876 £ £ 59,876 £ 32,588
• Includes Trustee Indemnity Insurance which is part of the integrated combined cover.
24. Administration Support Costs
Computer Software, Training etc. 122,407 122,407 64,386
Printing and Photocopying (1,061) (1,061) 297
Stationery and Office Supplies 1,970 1,970 1,807
Postage and Packing 2,687 2,687 2,216
Telephone and communications 12,283 12,283 17,172
£ 138,286 £ £ 138,286 £ 85,878
Apportioned to Activities 53,891 53,891 31,059
Administration 84,395 84,395 54,820
£ 138,286 £ £ 138,286 £ 85,879

25. Library

No amounts have been included In the accounts for the value of the Library, Luke Howard painting, items on loan to Science Museum Library, Ben Nevis instruments on loan to Royal Scottish Museum and observational records on loan to the Met Office. The Items have accumulated by the Society from donations, or generated from activities with which the Society has been involvedand so no signigficant cost of acquisition has been incurred by the Society.

26. Stocks

Stock has been included in Debtors for products in which the Society has Invested.

No amount has been included in the Accounts for Stock of other Publications and Instruments held since the net realisable value is immaterial.

27. Rupert Ford Memorial Fund

During the year there were no additional donations. The fund was established during 2002 to the memory of the late Rupert Ford to finance travel awards. During 2022 no awards were made (2021: nil). The assets of the fund at 31 December 2022 stood at £38,587 (2021: £38,758).

The fund is administered by officers of the Society but kept autonomous from the Society's funds and in separate bank accounts. In consultation with the Society's auditors it was considered appropriate that this fund should not be included in the Society's Balance Sheet.

28. Related Parties

During the year 1 trustee performed some consultancy work costing the Society £200, the rate was agreed at a cost below market rate (£2021nil). During the year a total reimbursement of£ 3,700 was made to 5 Trustees for expenses (2021- nil).

Page 17