2025-03-31-accounts - The British Phycological Society

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REGISTERED CHARITY NUMBER: 246707

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE BRITISH PHYCOLOGICAL SOCIETY

L M Griffiths & Co Limited Chartered Certified Accountants 1&2 Merlins Court Winch Lane Haverfordwest Pembrokeshire SA61 1SB

THE BRITISH PHYCOLOGICAL SOCIETY

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025

		Page
Report of the Trustees	1	to	6
Independent Examiner's Report		7
Statement of Financial Activities		8
Balance Sheet		9
Notes to the Financial Statements	10	to	16
Detailed Statement of Financial Activities	17	to	18

THE BRITISH PHYCOLOGICAL SOCIETY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and activities

The aims as per paragraph 2 of The British Phycological Society constitution (2012) are as follows:

"The aims of the Society shall be to advance research and education by the encouragement and pursuit of all aspects of the study of algae and to publish the results of this research in a journal, and also in other publications which shall from time to time appear desirable, provided that all publications of the Society shall be available to the general public. In furtherance of those aims, but not otherwise, the Society shall also aim to increase public awareness of the importance and applications of algae, and to contribute to public debate on issues involving algae."

In addition, the constitution states that: "All funds acquired by the Society shall be devoted to the aims detailed in paragraph 2 above or to such associated charitable projects as may from time to time further these aims."

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THE BRITISH PHYCOLOGICAL SOCIETY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

To this end, the BPS has continued to give financial support to activities that promote phycological research, disseminate phycological knowledge at all levels from governmental advice to community projects, by assisting young phycologists to present their findings at scientific meetings nationally and internationally.

The BPS annual meetings provide opportunities for researchers and others interested in algae to share their knowledge and develop networks. In 2025 the 73rd BPS Annual meeting as hosted by University of Hull from 7-9th of January. Our thanks go to the local organiser headed by Prof Rodney Forster and his team. Due to unforeseen circumstances the part of AGM was delayed and was held on held on 10th January 2024. Themes/sessions at the BPS meeting were: Kelp, Freshwater, General Phycology, Estuarine Algae, Phytoplankton and Manton Prize talks. The overseas vice president talk by Prof Craig Schneider was 'Using molecular-assisted alpha taxonomy to sort macroalgae from the mesophotic zone off the Bermuda Platform'. Sponsorships for the BPS meeting was obtained from Seagrown Ltd, and Hull Marine Laboratory and Taylor and Francis. The Manton Prize talks, and Manton posters were judged at the BPS Winter meeting. Congratulations go to Hannah Thomas for 2025 BPS Irène Manton Prize for best student oral presentation: Investigating gut bacterial utilisers of a seaweed-derived common food ingredient (carrageenan) and to Priyadharshini Elanchezhian: 2025 BPS Irène Manton Prize for best student poster Optimizing Cultivation and Nutrient Enrichment for Enhanced Biomass Production in Asparagopsis taxiformis.

Our membership numbers are 480, compared to 502 in July 2023, but is higher than the membership in 2020 which was 440. Currently About 30% of membership is made up of student members. There is a membership option to have it with the European Journal of Phycology (EJP), the Society's long-established journal 24% of members take this.

Access to information about the BPS comes from the website, https://brphycsoc.org/ that Webmaster Prof Andy Davies developed and has managed for many years. Our thanks go to him as he steps down and hands over to a new team. He reports that there was an increase in website readership in 2024, with 63,766 unique visitors, an increase over the numbers for 2023 (43,181).

The BPS to meet its aims and objectives (outlined in paragraph 2 at the beginning of the report has a number of committees: Awards and Training Committee, Education and Outreach Committee, Biodiversity and Conservation Committee, Algal Applications Committee and the Finance sub-committee. In addition the BPS has representatives on associated societies: FEMS (Federation of European Microbiological Societies), FEPS (Federation of European Phycological Societies) and RSB (The Royal Society of Biology).

The reporting year for the awards and training committee was from May 2024 to February 2025 (12 months) which aligns with the accounting year, and the nominal budget allocated was £50,000. The Awards and Training Committee oversees the British Phycological Society bursaries and awards programmes, and it is Chaired by the Immediate-Past President. All the current BPS Council Ordinary Members are members of this committee, and they help to judge applications (between 4-6 members plus the Chair looked at each round of applications). In the May-Nov 2024 rounds, 16 applications were successful, totalling £35,585.54 of the nominal budget of £50,000. Awardees were from both the UK and overseas, reflecting the international composition of our membership. The Project awards for 2024-25 are supporting research in the UK (4) and Italy (1) and student presentations in Canada (5), Greece (1) and the Philippines (1) as well as 4 awards for presentations at the 2025 winter meeting. Equal opportunities monitoring for Awards and Training applications show the majority of applicants self-identified as white, heterosexual, and female, but there was some diversity in our application pool. There was some evidence of differential outcomes considering ethnicity, gender and sexual orientation with better outcomes for white, female and non-heterosexual categories. Once the awardees have claimed their awards they write articles for the BPS newsletter: The Phycologist so more information is available there.

The Phycologist is the Society's newsletter and is published twice a year. It contains the reports of awardees, it is edited by Amanda Burson and for the last 20 years was typeset by Agnès Marhadour. Agnès stepped down and our thanks for all her work in enabling the work of the BPS to be disseminated to members.

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THE BRITISH PHYCOLOGICAL SOCIETY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

Education and Outreach Committee has developed applications and has been selected for the BPS-badged exhibition "Harnessing the power of algae for new natural products and a cleaner and more sustainable world" has been selected for inclusion at the Royal Society Summer Science Exhibition (01-06 July 2025). The exhibition will have both micro and macroalgae themed activities

Biodiversity and Conservation Committee are involved in overseeing algal identification courses including 2 freshwater ID courses in conjunction with the FBA Freshwater Biological Association, a Charophyte Identification course and BPS seaweed ID course. Previously the BPS have been part of Seaweed field meetings whose aim is to generate fuller survey records of parts of the British coast and enable people involved in this, both amateur and professional, to come together and share expertise. The committee is discussing plans for the next event linked to this. This committee oversees some publications: Brown Seaweeds (Phaeophyceae) of Britain and Ireland by Robert Fletcher, was published by Pelagic Publishing on 17 September 2024. This completes the series Seaweeds of the British Isles which was one of the initial aims of the BPS at its foundation. This particular volume is monumental in content and approach and we should express great thanks to Juliet Brodie who did enormous work in editing drafts of this title. It also checks on the The BPS species recording website, www.bpsalgalrecords.com . The committee is also involved in biodiversity monitoring (full details in the reports submitted to the AGM 2025)

Algal Applications Committee covers all aspects of applied phycology from biotechnology through to the use of algae as bioindicators and the production of algal biomass for inter alia biofuels, food, feed, nutritional supplements, and various other products of commercial value. Applied Phycology continues to gain significant momentum and this is reflected in the BPS Annual Meetings.

The Finance sub-committee membership consists of President, Past President, President elect, Treasurer and Secretary communicates via email and meets online on an ad hoc basis to make decisions in line with the societies objectives and enable the effective running of the society to meet its aims.

The society has two journals that are published by Taylor and Francis, The Society's long-established journal, the European Journal of Phycology (EJP) and the open access Applied Phycology. EJP published four issues to time in 2024 which were 500 pages in total, they represented 35 papers, rather than 39 which is current requirement with T&F. Three of the articles planned for February are already published online, with 6 more in production. There is a need to encourage shorter papers. The wide range of topics covers all aspects of phycology including applications of algae. There were 124 new submissions in 2024, including 24 reviews, which corresponds to a running acceptance rate of <35%. Many of the reviews received were AI-generated "systematic reviews" or "comprehensive reviews" that are not suitable for publication in our journal. The editors continue to offer transfers, were appropriate to Applied Phycology (AP) which is the open access journal overseen by BPS with Taylor and Francis.

The BPS journals published by Taylor and Francis have a new Portfolio Manager, Rachel Alfiero. She is based in the US and has been very helpful in dealing with the usual type of problems we encounter. Christine Maggs and Juliet Brodie have continued as joint Editors in Chief. Kate Schoenrock-Rossiter has continued in her role of Editorial Assistant to EJP and AP. EJP and AP have further strengthened their teams of Associate Editors, both in biochemistry (Rodney Forster has kindly replaced John Raven) and in AP's biomedical applications field. We have an updated list of expertise for both journals.

The Applied Phycology has an additional Managing Editor, Alla Silkina at Swansea. We published 14 papers in 2024 (volume 5), including a Special Collection on Algae at the Interface, curated by Juliet Brodie and Mikey Ross. The editors are seeking suitable areas for 2025. Inclusion in the Scopus database is an important step towards gaining an impact factor and helps with encouraging submissions.

The strategic Journal Management board continued to meet and work with some members of the Board, some BPS Council members and key members of Taylor and Francis on the reviewing the BPS contract with Taylor and Francis to publish EJP and AP. This was chaired by Paul Hayes, the new chair of the Journal Management Board.

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THE BRITISH PHYCOLOGICAL SOCIETY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

FINANCIAL REVIEW

Financial position

A full statement of financial activities of The British Phycological Society for the year ending 31st March 2025 are presented in addition to this annual trustees' report. The financial statement has been prepared by Dr. Nicky JD Slee and independently examined by the Independent Examiner.

BPS incoming funds for the 12-month period YE 31st March 2025 was £104,493 with the majority coming from the Society's journal profit share from publishers Taylor and Francis £85,677, in addition, net incoming funds from subscriptions from members made up £7,368. The Winter meeting incoming money was £10,025 and the remainder of the income came from interest on deposits held £1,423.

Total Society expenditure for the 12-month period YE 31st March 2025 is £109,461; this amount can be allocated to four categories which included; Expenditure 1: Charitable activities £66,731, Expenditure 2: Other £29,786, Expenditure 3: Support costs £275, and Expenditure 4: Governance Costs £12,669.

Expenditures on Charitable activities included Grants, studentships award £53,026; see some specific details in Achievements and Performance above), for Specialist costs and winter meeting costs (£13,705).

The total publication expenditures for the 12-month period are: £19,163 which includes; T&F production costs for YE 2025 was £5,038, BPS expenditure costs can be further broken down into editorial (£12,000), management meetings (£63). The Society newsletter, The Phycologist, production, and distribution costs for the 12 months were £2,062. In addition, Meetings and Committee expenses during the 12 months were £10,623, the council meetings were in person, many other committees are now being held online, hence the costs were for council and committee members to attend affiliated committee meetings.

The total for the fourth category Expenditure Governance Costs for the 12-month period is £12,669: which includes website maintenance, public liability insurance subscriptions to other learned societies, executive honoraria, professional charges and bank charges. Honoraria were awarded to the following Council members: Webmaster and the Editor of The Phycologist each received £1,000, the Treasurer received £1,250 and the two Joint Editors of EJP (each received £1,500).

Net gain in funds for the BPS in March 2025 was £16,197. After including funds brought forward (held in reserve as savings) of £303,885 the total Society funds carried forward at the end of financial year 2025 is £320,082. Therefore, the Society's financial situation remains very healthy, and this has allowed the continued support of a wide range of projects and awards dedicated to algal research. The Society does not currently have a reserves policy in place; however work is in progress to develop one for approval by the trustees for the future.

Since the current treasurer and accountant have been working together with effect from the 2019 financial statements, it has been highlighted that there have been a few lines of expenditure that have been sitting within the balance sheet indicating that the expense hasn't been paid. These figures have been investigated over the last few years and in conclusion, the expense has actually been incurred but due to changes in treasurer and accountant, the reporting of these figures in the income and expenditure account occurred twice - once for the 'accrued' costs and once for the actual spend. This results in the income and expenditure account having two lots of expenditure in previous years. This has been corrected in this year's financial statements and is shown in 'Exceptional items', totalling £21,165. Of this, £3,840 relates to the accountancy charge of the previous accountant, £4,400 to the Diatom group/award, £5,650.90 to small grants and meeting costs, and £2,700 for awards for courses, travel and summer bursary. There was also £6,000 of honorarium payments that were made to individuals who held back on their payment in past years. Finally, £10,000 relates to EJP income received in advance together as part of the advanced royalties and the funds for journal management meetings.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

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THE BRITISH PHYCOLOGICAL SOCIETY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The British Phycological Society is an unincorporated association governed by a constitution, last amended in 2019. The constitution states that the membership of the society will be open to 'anyone interested in any aspect of the study of algae' and is managed by a council committee that are elected by ballot of the society members. The BPS council consisted of the following officers in 2024

President Prof. Saul Purton President Elect: Dr Jessica Adams Immediate Past President: Prof. Jane Lewis Vice President Overseas: Prof. Craig Schneider Secretary: Dr Kirstin Covington Treasurer: Dr Nicky Slee Membership Secretary: Dr Hilary Redden Editor (joint) of the European Journal of Phycology: Profs. Christine Maggs and Juliet Brodie Editor in Chief of Applied Phycology: Prof. John Beardall Webmaster: Dr Andrew Davies Student Representative: Phoebe Lewis, Ruby George and Jasmine Ramshaw Federation of European Phycological Societies (FEPS) Representative: Prof. Jason Hall Spencer Federation of European Microbiological Societies (FEMS) Representative: Dr Anne Jungblut Editor of the Phycologist: Dr Amanda Burson Charity commission contact: Prof. Juliet Brodie

Ordinary members: Dr Suzanne McGowan, Dr Jo Wilbraham, Dr John Griffin, Dr Mahasweta Saha, Adam Lewis, Chris Williamson, Pranali Deore

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

246707

Principal address

Natural History Museum Cromwell Road London SW7 5BD

Trustees

Prof J Lewis Dr NJD Slee Prof J M Hall-Spencer (resigned 6.1.25) F Bunker (resigned 6.1.25) Dr H Redden Prof S Purton Mrs J Purton (appointed 1.1.25) Dr J Adams (appointed 6.1.25)

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THE BRITISH PHYCOLOGICAL SOCIETY

REPORT OF THE TRUSTEES for the Year Ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

L M Griffiths & Co Limited Chartered Certified Accountants 1&2 Merlins Court Winch Lane Haverfordwest Pembrokeshire SA61 1SB

CONCLUSION

In conclusion, I would like to thank all Council and Society members for their cooperation and support during this extended financial year.

Approved by order of the board of trustees on 7 January 2026 and signed on its behalf by:

Dr NJD Slee - Trustee

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SIGN
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRITISH PHYCOLOGICAL SOCIETY

Independent examiner's report to the trustees of The British Phycological Society

I report to the charity trustees on my examination of the accounts of The British Phycological Society (the Trust) for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Paul Murray FCCA The Association of Chartered Certified Accountants

L M Griffiths & Co Limited Chartered Certified Accountants 1&2 Merlins Court Winch Lane Haverfordwest Pembrokeshire SA61 1SB

08/01/2026 Date: .............................................

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THE BRITISH PHYCOLOGICAL SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2025

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 103,070 Investment income 2 1,145 Total 104,215 EXPENDITURE ON Charitable activities Charitable 58,587 Other 29,786 Total 88,373 NET INCOME/(EXPENDITURE) 15,842 Transfers between funds 9 400 Net movement in funds 16,242 RECONCILIATION OF FUNDS Total funds brought forward 275,091 TOTAL FUNDS CARRIED FORWARD 291,333	Restricted funds £ - 278 278 394 - 394 (116) (400) (516) 28,794 28,278	2025 Total funds £ 103,070 1,423 104,493 58,981 29,786 88,767 15,726 - 15,726 303,885 319,611	2024 Total funds £ 124,763 1,167 125,930 62,204 27,287 89,491 36,439 - 36,439 267,446 303,885

The notes form part of these financial statements

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THE BRITISH PHYCOLOGICAL SOCIETY

BALANCE SHEET 31 March 2025

Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 8 CURRENT ASSETS Debtors 7 2,434 Cash at bank 300,467 302,901 CREDITORS Amounts falling due within one year 8 (11,576) NET CURRENT ASSETS 291,325 TOTAL ASSETS LESS CURRENT LIABILITIES 291,333 NET ASSETS 291,333 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - - 28,278 28,278 - 28,278 28,278 28,278	2025 Total funds £ 8 2,434 328,745 331,179 (11,576) 319,603 319,611 319,611 291,333 28,278 319,611	2024 Total funds £ 283 100 338,194 338,294 (34,692) 303,602 303,885 303,885 275,091 28,794 303,885

The financial statements were approved by the Board of Trustees and authorised for issue on 7 January 2026 and were signed on its behalf by:

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Dr NJD Slee - Trustee

The notes form part of these financial statements

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THE BRITISH PHYCOLOGICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

INVESTMENT INCOME
	2025	2024
	£	£
Deposit account interest	1,423	1,167

continued...

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THE BRITISH PHYCOLOGICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 96,763 Investment income 1,167 Total 97,930 EXPENDITURE ON Charitable activities Charitable 61,804 Other 27,287 Total 89,091 NET INCOME 8,839 RECONCILIATION OF FUNDS Total funds brought forward 266,252 TOTAL FUNDS CARRIED FORWARD 275,091	Restricted funds £ 28,000 - 28,000 400 - 400 27,600 1,194 28,794	Total funds £ 124,763 1,167 125,930 62,204 27,287 89,491 36,439 267,446 303,885

continued...

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THE BRITISH PHYCOLOGICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

5. PRIOR YEAR UPDATES

6. TANGIBLE FIXED ASSETS

COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income	Computer equipment £ 2,272 1,989 275 2,264 8 283 2025 2024 £ £ 2,434 100

continued...

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THE BRITISH PHYCOLOGICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 250,976 SMF 24,115 275,091 Restricted funds Manton 794 BMF 28,000 28,794 TOTAL FUNDS 303,885 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Manton BMF TOTAL FUNDS	Net movement in funds £ 15,842 - 15,842 (394) 278 (116) 15,726 Incoming resources £ 104,215 - 278 278 104,493	2025 2024 £ £ 11,576 34,692 Transfers between At funds 31.3.25 £ £ 400 267,218 - 24,115 400 291,333 (400) - - 28,278 (400) 28,278 - 319,611 Resources Movement expended in funds £ £ (88,373) 15,842 (394) (394) - 278 (394) (116) (88,767) 15,726

9. MOVEMENT IN FUNDS

continued...

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THE BRITISH PHYCOLOGICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.23 £ Unrestricted funds General fund 241,252 SMF 25,000 266,252 Restricted funds Manton 1,194 BMF - 1,194 TOTAL FUNDS 267,446 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 97,930 SMF - 97,930 Restricted funds Manton - BMF 28,000 28,000 TOTAL FUNDS 125,930	Net movement At in funds 31.3.24 £ £ 9,724 250,976 (885) 24,115 8,839 275,091 (400) 794 28,000 28,000 27,600 28,794 36,439 303,885 Resources Movement expended in funds £ £ (88,206) 9,724 (885) (885) (89,091) 8,839 (400) (400) - 28,000 (400) 27,600 (89,491) 36,439

continued...

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THE BRITISH PHYCOLOGICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund SMF Restricted funds Manton BMF TOTAL FUNDS	At 1.4.23 £ 241,252 25,000 266,252 1,194 - 1,194 267,446	Net movement in funds £ 25,566 (885) 24,681 (794) 28,278 27,484 52,165	Transfers between funds £ 400 - 400 (400) - (400) -	At 31.3.25 £ 267,218 24,115 291,333 - 28,278 28,278 319,611

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund SMF Restricted funds Manton BMF TOTAL FUNDS	Incoming resources £ 202,145 - 202,145 - 28,278 28,278 230,423	Resources Movement expended in funds £ £ (176,579) 25,566 (885) (885) (177,464) 24,681 (794) (794) - 28,278 (794) 27,484 (178,258) 52,165

continued...

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THE BRITISH PHYCOLOGICAL SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

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THE BRITISH PHYCOLOGICAL SOCIETY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2025

INCOME AND ENDOWMENTS Donations and legacies Subscriptions Journal profit share Annual meeting BMF Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Travel awards (S.M.F.) Awards for courses, travel and summer bursary Small grants Hilda Canter-Lund award Algaebase sponsorship BPS Algal Video Award Manton Award Specialist One Off Costs Winter Meeting Costs Other Journal EJP and AP Journals The Phycologist Council meeting FEPS council committee Support costs Other Computer equipment Governance costs Website maintenance Carried forward	2025 £ 7,368 85,677 10,025 - 103,070 1,423 104,493 1,343 4,353 43,371 500 3,059 - 400 - 13,705 66,731 5,038 12,063 2,062 9,488 1,135 29,786 275 440 440	2024 £ 7,863 78,616 10,284 28,000 124,763 1,167 125,930 885 12,654 10,147 500 3,072 250 400 5,793 13,790 47,491 - 19,634 1,950 5,703 - 27,287 750 228 228

This page does not form part of the statutory financial statements

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THE BRITISH PHYCOLOGICAL SOCIETY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2025

Governance costs Brought forward Insurance Executive Honouraria Accountancy and legal fees Society of Biology Subscriptions FEMS subscription FEPS subscription Paypal charges Bank charges Exceptional items Total resources expended Net income	2025 £ 440 769 7,250 1,899 710 651 879 334 208 (21,165) (8,025) 88,767 15,726	2024 £ 228 752 8,320 1,908 710 617 918 363 147 - 13,963 89,491 36,439

This page does not form part of the statutory financial statements

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