2025-09-30-accounts

Charity registration number 258747 (England and Wales)

EXPERIMENTAL PSYCHOLOGY SOCIETY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

EXPERIMENTAL PSYCHOLOGY SOCIETY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Hon Treasurer - Prof P Haggard
	Prof A Hamilton
	Hon Secretary - Prof R Filik
	Prof R Honey
	Prof J Tree
	Dr A De Bruin
	Dr K Gray
	Dr R Hulme	(Appointed 9 January 2025)
	Dr N Lavan
	Dr M Mak	(Appointed 9 January 2025)
	Dr A Parker
	Dr K Ritchie	(Appointed 9 January 2025)
	Dr C Sutherland
	Dr G Urcelay
	Dr E Crowe	(Appointed 9 January 2025)
Charity number	258747
Registered office	The Hon Secretary
	School of Psychology, Keynes College
	University of Kent
	Canterbury
	Kent
	CT2 7NP
Independent examiner	Simpkins Edwards LLP
	The Summit
	Woodwater Park
	Pynes Hill
	Exeter

EXPERIMENTAL PSYCHOLOGY SOCIETY

CONTENTS

	Page
Trustees report	1 - 4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the financial statements	8 - 16

EXPERIMENTAL PSYCHOLOGY SOCIETY

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Experimental Psychology Society and of the incoming resources and application of resources of the Experimental Psychology Society for that year.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Experimental Psychology Society and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Experimental Psychology Society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees present their report and financial statements for the year ended 30 September 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Experimental Psychology Society's governing document, the Charities Act 2011 and "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

The Society’s aims and purposes are set out below.

The Objects of the Society shall be the furtherance of scientific enquiry within the field of Psychology and cognate subjects, by holding periodical meetings at which papers may be read and discussions held, and by such other activities as may be decided upon by the Society, and the dissemination of information and educational material made available as a consequence of psychological research including the publication of The Quarterly Journal of Experimental Psychology. The Society shall not engage in any activity intended to affect the professional status of its members or of psychologists generally.

Organisation of the Society

The Officers and Ordinary Committee members of the Society work on a voluntary basis, while the Editors are given modest annual research grants as a means of providing partial compensation for the personal research time given up for their editorial duties. The secretarial expenses of the Officers and Editors are reimbursed from Society funds.

The trustees' have paid due regard to the public benefit guidance issued by the Charity Commission in deciding what activities the Society should undertake.

• 1 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Summary of charitable activities undertaken during the year and how they relate to the Society’s objects:

1. During the last year, scientific meetings of the Society were held in London in January, Lancaster in April and Dundee in July, which was a joint meeting with the Canadian Society for Brain, Behaviour and Cognitive Science (CSBBCS).

2. A total of 264 oral papers were delivered to the Society and 218 posters were presented throughout these inperson meetings.

3. At the 77th Annual General Meeting, no members lost their subscriptions due to lapsed memberships.

4. Emily Crowe (University of Nottingham) as ECR representative, Matthew Mak (University of Warwick), Rachael Hulme (Heriot-Watt University) and Kay Ritchie (University of Lincoln) joined the committee.

5. Fifty new members and no new honorary members of the Society were elected. The total membership (including Honorary and Retired members) is now 1,222, with an additional 384 postgraduate members, down from 491 last year due to the end of eligibility period of former members.

6. The 77[th] volume of the Quarterly Journal of Experimental Psychology was published under the Editorship of Professor Antonia Hamilton.

7. The Society awarded 103 trips to conferences under the Grindley Grant scheme, 21 of these were to attend non-EPS meetings. By comparison, last year 114 awards were made to attend EPS meetings, and 31 were to attend non-EPS meetings.

8. The Society awarded funding for 4 postgraduate/postdoctoral study visits.

9. 3 Undergraduate Research Bursaries were awarded by the Society.

10. 4 New Graduate Research Bursaries were awarded by the Society.

11. 9 small grants were awarded by the Society.

12. The Society awarded 2 grants for Research Workshops, both have already taken place:

‘Best practices for the processing and analysis of eye-movements during reading’ organised by Martin Vasilev (University College London)

‘Immersive Virtual Reality to Understand Human Cognition, Perception and Action workshop’ organised by Gavin Buckingham (University of Exeter)

1. The Society awarded funding for 1 Kuppuraj Bishop Study Visit.

2. Public lectures and prizes:

3. Professor Mike Burton presented the 53rd EPS Bartlett Lecture at the July meeting in 2025.

4. Professor Mike Le Pelley presented the Joint 23rd EPS Mid-Career Award Lecture at the January meeting in 2025, while Professor Jennifer Rodd presented the Joint 23rd EPS Mid-Career Award Lecture at the April meeting in 2025.

5. Dr Daniel Yon presented the 32nd EPS Prize Lecture at the January meeting in 2025.

6. Dr Connor Keating presented the 14th Frith Prize Lecture at the April 2025 meeting.

7. 2 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. The 2025 EPS/British Science Association Undergraduate Project Prize was awarded to Akilles Rechardt from University College London. The title of the project was “Large language models surpass human experts in predicting neuroscience results”. Akilles presented his work at the Dundee meeting in July 2025.

Grant Making Policy

Details of the Society’s policy for making grants can be found in the Society’s Handbook. Copies of the handbook can be obtained from the Society’s registered address.

Achievements and performance

Review of progress and achievements:

As detailed above, the Society has successfully met its aims to further scientific enquiry and disseminate information following the challenging period of the pandemic. Scientific meetings held in 2025 and were all very much appreciated by both the membership of the Society, the invited external speakers and our other guests, as well as members’ postgraduate students and post-doctoral research staff. Keynote lectures were delivered by the Society’s award lecturers, and we hope to have the lectures as research papers submitted to the Society Journal, the Quarterly Journal of Experimental Psychology, in due course. The EPS has video recordings of prize talks, which are available on YouTube https://www.youtube.com/channel/UCLZoLdCccoOp3ttvqPbKDpQ/videos.

The Editorship of the Quarterly Journal of Experimental Psychology was successfully overseen by Professor Antonia Hamilton who is assisted by a strong Editorial Team. The volume of submissions remains strong, citation metrics have remained steady, and some articles have benefitted from large interest through social media that has led to worldwide exposure going well beyond academic institutions.

Financial review

Review of financial activities

The Society routinely meets its commitments on the basis of income from three different sources: royalties from the publication of its Journal, members’ subscriptions and interest on invested capital. The Society has no liabilities, mortgages or outstanding commitments.

Income in 2025 was £398,313 (2024: £479,075). As in previous years, income was heavily dependent on the royalty of £344,567 (2024: £428,732) from subscriptions to QJEP. Royalty income in 2025 has decreased from previous years.

Total expenditure in 2025 was £430,095 (2024: £413,905).

The net deficit for the year was £11,221 (2024: surplus £81,701). After adding this to the accumulated funds brought forward of £979,633 (£854,192 unrestricted funds and £125,441 restricted funds), there is a balance on reserves of £968,412 to carry forward within the society. This consists of £819,955 unrestricted funds and £148,457 restricted funds.

Reserves Policy

The trustees have reviewed the Society’s needs for reserves in line with the guidance issued by the Charity Commission. The Society has built, and intends to maintain reserves at a level of at least the equivalent of its annual expenditure, in order to be able to continue to meet its obligations for planned activity during any year in which its main income (royalties from the Society’s journal) decreased and to provide stability during transition to a revised funding structure. Reserves should not normally exceed twice the annual expenditure level. The reserves will be monitored by the Society Committee on an annual basis to ensure that the Society maintains its charitable expenses in line with income.

• 3 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Structure, governance and management

The Experimental Psychology Society is an unincorporated charity governed by rules adopted in 1958, as amended in April 2002, January 2007 and January 2019.

The trustees who served during the year and up to the date of signature of the financial statements were: Hon Treasurer - Prof P Haggard

Prof A Hamilton Dr N Sidarus (Resigned 9 January 2025) Dr E James (Resigned 9 January 2025) Dr J Cook (Resigned 9 January 2025) Hon Secretary - Prof R Filik Prof R Honey Prof J Tree Dr A De Bruin Dr K Gray Dr R Hulme (Appointed 9 January 2025) Dr N Lavan Dr M Mak (Appointed 9 January 2025) Dr A Parker Dr K Ritchie (Appointed 9 January 2025) Dr C Sutherland Dr G Urcelay Dr E Crowe (Appointed 9 January 2025)

Trustees are appointed by election at the Society's Annual General Meeting, and by co-option in between. None of the trustees has any beneficial interest in the Society. All of the trustees are members of the Society.

The trustees' report was approved by the Board of Trusteess.

Hon Secretary - Prof R Filik

Trustee Dated: 2 July 2026

• 4 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF EXPERIMENTAL PSYCHOLOGY SOCIETY

I report to the trustees' on my examination of the financial statements of the Experimental Psychology Society for the year ended 30 September 2025.

Responsibilities and basis of report

As the trustees' of the Experimental Psychology Society you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Experimental Psychology Society’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the Experimental Psychology Society’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the

examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the Experimental Psychology Society as required by section 130 of the Charities Act 2011.

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.

Mr Adrian Hemmings BA (Hons) FCA CTA

for and on behalf of Simpkins Edwards LLP

The Summit Woodwater Park Pynes Hill Exeter EX2 5WS

Dated: 7 July 2026

• 5 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 2 25,053 - Charitable activities 3 356,887 - Investments 4 16,373 - Total income 398,313 - Expenditure on: Charitable activities 5 427,435 2,660 Total expenditure 427,435 2,660 Net gains/(losses) on investments 12 - 20,342 Net income/(expenditure) (29,122) 17,682 Transfers between funds (5,334) 5,334 Other recognised gains and losses: Other gains/(losses) 13 219 - Net movement in funds (34,237) 23,016 Reconciliation of funds: Fund balances at 1 October 2024 854,192 125,441 Fund balances at 30 September 2025 819,955 148,457	Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 25,053 20,704 - 356,887 441,541 - 16,373 16,830 - 398,313 479,075 - 430,095 413,905 - 430,095 413,905 - 20,342 - 16,820 (11,440) 65,170 16,820 - - - 219 (289) - (11,221) 64,881 16,820 979,633 789,311 108,621 968,412 854,192 125,441	Total 2024 £ 20,704 441,541 16,830 479,075 413,905 413,905 16,820 81,990 - (289) 81,701 897,932 979,633

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

• 6 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

Notes Fixed assets Investments 15 Current assets Debtors 16 Cash at bank and in hand 17 Creditors: amounts falling due within one year Other creditors 20 Net current assets Total assets less current liabilities Income funds Bartlett Lecture Fund Frith Fund 18 Unrestricted funds	2025 £ £ 258,531 304,641 756,891 1,061,532 351,651 709,881 968,412 148,457 - 148,457 819,955 968,412	2024 £ £ 149,558 218,657 978,232 1,196,889 366,814 830,075 979,633 128,524 (3,083) 125,441 854,192 979,633	2024 £ £ 149,558 218,657 978,232 1,196,889 366,814 830,075 979,633 128,524 (3,083) 125,441 854,192 979,633
			979,633
			125,441 854,192
			979,633

The financial statements were approved by the Trustees on 2 July 2026

Hon Treasurer - Prof P Haggard Hon Secretary - Prof R Filik Trustee Trustee

• 7 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 Accounting policies

Charity information

The Experimental Psychology Society is an unincorporated charitable society registered in England and Wales (number 258747).

The address of the principal office is School of Psychology, Keynes College, University of Kent, Canterbury, Kent, CT2 7NP.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Experimental Psychology Society's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The Experimental Psychology Society is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Experimental Psychology Society. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Experimental Psychology Society has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the Experimental Psychology Society is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

QJEP

The Society started a new publishing contract on 1 January 2018 in order to produce the Quarterly Journal of Experimental Psychology. The royalty debtor calculated at 30 September is based on the statement received after the year end for the relevant financial year.

• 8 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

This comprises all expenditure directly relating to the objects of the charity. Where appropriate it includes proper allocation of items of expenditure involving more than one cost category.

1.6 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.7 Financial instruments

The Experimental Psychology Society has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Experimental Psychology Society's balance sheet when the Experimental Psychology Society becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price . Financial liabilities classified as payable within one year are not amortised.

Derecognition of financial liabilities

Financial liabilities such as grants are derecognised when the Experimental Psychology Society’s contractual obligations expire or are discharged or cancelled.

1.8 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/(expenditure for the period).

• 9 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

2 Donations and legacies

Unrestricted funds 2025 £ Donations and gifts - Membership fees 25,053 25,053 3 Income from charitable activities	Total 2024 £ 5,000 15,704
	20,704

		Unrestricted	Unrestricted
		funds	funds
		2025	2024
		£	£
	Charitable activities
	Sale of goods	3,320	3,809
	Ancillary trading income	344,567	428,732
	Charitable rental income	9,000	9,000
		356,887	441,541
4	Investments
		**Unrestricted **	Unrestricted
		funds	funds
		2025	2024
		£	£
	HSBC and Charifund interest investment income	16,373	16,830

• 10 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

5 Charitable activities

QJEP expenditure Conference expenses EPS Workshops Grants payable Subscriptions to other organisations Management and administration Analysis by fund Unrestricted funds Restricted funds 6 QJEP expenses Editor's secretarial expenses Associate editor's expenses	2025 £ 101,139 37,357 14,871 164,646 99 111,983 430,095 430,095 427,435 2,660 430,095 2025 £ 40,456 60,683 101,139	2024 £ 88,993 34,732 9,092 165,892 98 115,098
		413,905
		413,905
		413,905 -
		413,905
		2024 £ 35,340 53,653
		88,993

All of the above expenses were unrestricted expenditure .

7 Trustees

Apart from the transactions listed below, no remuneration or other benefits were received from the charity or any related entity by the trustees (or any persons connected with them).

Payments were made to Prof A Hamilton for editorial work incurred on behalf of the charity. During the year these totalled £6,000 (2024: £5,600).

Dr N Lavan, a trustee, won the annual EPS prize of £2,000 (2024: £nil).

Dr E Crowe, a trustee, was awarded a Small Grant of £8,450 (2024: £nil) to cover costs of a research project.

Committee expenses totalled £10,441 (2024: £9,638).

• 11 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

8 Conference expenses Invited speakers expenses Meeting expenses 9 Grants payable Bartlett (restricted) Frith Prize (restricted) Grindley Grants (post graduate travel) Study visits Student bursaries EPS prizes Small grants Unrestricted funds Restricted funds		2025 £ 8,798 28,559 37,357 2025 £ 409 2,251 31,626 10,449 (2,125) 6,055 115,981 164,646 161,986 2,660 164,646	2024 £ 7,937 26,795
			34,732
			2024 £ - - 32,873 29,547 24,750 6,593 72,129
			165,892
			165,892 -
			165,892

4 grants were made to fund postgraduate/postdoctoral study visits (2024: 13). 3 Undergraduate Research Bursaries were awarded in the year (2024: 7) together with 4 new Graduate Research Bursaries (2024: 2). 9 small grants were also offered (2024: 10). 2 grants for Research Workshops were awarded (2024: 2). The Society awarded no funding for Postdoctoral Fellowships (2024:0).

The Society awarded 103 trips to conferences under the Grindley Grant scheme, 21 of these were to attend non-EPS meetings (2024: 114 awards were made to attend EPS meetings, and 31 were to attend non-EPS meetings).

All grants were made to individuals or an individual's specified university for their research activity only.

• 12 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

10 Management and administration Secretary EPS: Secretarial assistance Treasurer EPS: Secretarial assistance Committee travel Accountancy fees Miscellaneous Legal & professional	2025 £ 80,686 7,980 12,437 7,420 1,442 2,018 111,983	2024 £ 89,181 7,481 9,638 8,120 548 130
		115,098

All the above expenses were unrestricted expenditure.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Net gains/(losses) on investments

		Restricted	Restricted
		funds	funds
		2025	2024
		£	£
	Revaluation of investments	20,342	16,820
13	Other gains or losses
		Unrestricted Unrestricted
		funds	funds
		2025	2024
		£	£
	Foreign exchange losses	(219)	289

14 Employees

The Society had no employees during the year to 30 September 2025 (2024: none).

• 13 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

15 Fixed asset investments

	Listed
	investments
	£
Cost or valuation
At 1 October 2024	149,558
Additions	88,631
Accumulated income	20,342
At 30 September 2025	258,531
Carrying amount
At 30 September 2025	258,531
At 30 September 2024	149,558

Fixed asset investments revalued

The investments above are listed on a recognised stock exchange or are ones valued by reference to such investments. These investment assets are UK based.

16 Debtors

Amounts falling due within one year: Other debtors VAT recoverable 17 Bank HSBC Current account HSBC Deposit account National Savings Bank Record Bank (Belgium)	2025 £ 293,494 11,147 304,641 2025 £ 50,000 609,048 88,561 9,282 756,891	2024 £ 205,028 13,629
		218,657
		2024 £ 50,000 834,026 86,360 7,844
		978,230

• 14 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 Bartlett Lecture Fund Frith Fund Previous year: At 1 Bartlett Lecture Fund Frith Fund	October 2024 Resources expended Transfers Gains and losses At 30 September 2025 £ £ £ £ £ 128,524 (409) - 20,342 148,457 (3,083) (2,251) 5,334 - - 125,441 (2,660) 5,334 20,342 148,457 October 2023 Resources expended Transfers Gains and losses At 30 September 2024 £ £ £ £ £ 111,704 - - 16,820 128,524 (3,083) - - - (3,083) 108,621 - - 16,820 125,441

The Bartlett lecture fund provides financial support for the annual lecture held in memory of Sir Frederic Bartlett.

The Frith Fund which arose from the donation of Professors C and U Frith in order to recognise exceptional talent amongst Psychology PhD Students. The donation is intended to cover the award for the first five years of its existence until 2016, after which it will be administered by the Society.

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 General funds Previous year: At 1 General funds	October 2024 Incoming resources Resources expended Transfers Gains and losses At 30 September 2025 £ £ £ £ £ £ 854,192 398,313 (427,435) (5,334) 219 819,955 October 2023 Incoming resources Resources expended Transfers Gains and losses At 30 September 2024 £ £ £ £ £ £ 789,311 479,075 (413,905) - (289) 854,192

• 15 -

EXPERIMENTAL PSYCHOLOGY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

20 Other creditors falling due within one year

Other creditors falling due within one year
Grants approved Accruals	2025 £ 302,080 49,571 351,651	2024 £ 318,876 47,938
		366,814

21 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

22 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted funds Restricted funds 2025 2025 £ £ Fund balances at 30 September 2025 are represented by: Investments 110,074 148,457 Current assets/(liabilities) 709,881 - 819,955 148,457	Total Unrestricted funds Restricted funds 2025 2024 2024 £ £ £ 258,531 - 149,558 709,881 854,192 (24,117) 968,412 854,192 125,441	Total 2024 £ 149,558 830,075
		979,633

• 16 -