THE SOCIETY FOR THE STUDY OF INBORN ERRORS OF METABOLISM
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to €3,602,320, significantly exceeding the stated policy target of €1,000,000. The trustees report no material uncertainties regarding going concern and note that investment assets are sufficient to guarantee normal running for at least one year. The charity achieved a net increase in reserves of €575,445 for the year.
What the accounts disclose
“It is the policy of the Society to maintain unrestricted funds, which are the free reserves, at a level that is sufficient to cover management and administration, and support costs and allows the Society to be managed efficiently. This reserve is set at €1,000,000” — page 7
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Prof Manuel Schiffchair
- Alice Dianin RD
- Dr Andrea Elena Dardis
- Dr Angeles Garcia - Cazorla
- Dr Elaine Mary Murphy
- Dr Helen Michelakakis
- Dr Risto Juhani Lapatto
- Dr Stephanie Grunewald
- Prof Dr Med Ina Maria Knerr
- Prof Dr Mirjam Langeveld
- Prof Dr med Matthias Rudolf Baumgartner
- Prof Philippa Beth Mills
- Prof Tomas Honzik
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.5m | £2.0m |
| 31/12/2023 | £584k | £530k |
| 31/12/2022 | £2.4m | £2.0m |
| 31/12/2021 | £509k | £576k |
| 31/12/2020 | £633k | £714k |
Common questions
Is THE SOCIETY FOR THE STUDY OF INBORN ERRORS OF METABOLISM financially healthy?
The accounts state that unrestricted reserves increased to €3,602,320, significantly exceeding the stated policy target of €1,000,000. The trustees report no material uncertainties regarding going concern and note that investment assets are sufficient to guarantee normal running for at least one year. The charity achieved a net increase in reserves of €575,445 for the year. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE COMPANY OF BIOLOGISTS | 1 | £38k |