THE SOCIETY FOR THE STUDY OF INBORN ERRORS OF METABOLISM
The aim of SSIEM is to foster the study of inherited metabolic disorders and related topics by arranging scientific meetings, publications and training. SSIEM is willing to spread interest and study in inborn errors around the world by selectively supporting membership and attendance at conferences from areas where financial resources are more limited.
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
- Ann Smith
- Dr Andrea Elena Dardis
- Dr Elaine Mary Murphy
- Dr Helen Michelakakis
- Dr Hugo Rocha
- Dr Stephanie Grunewald
- Prof Dr Med Ina Maria Knerr
- Prof Dr Mirjam Langeveld
- Prof Dr Stefan Koelker
- 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?
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. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PRISM THE GIFT FUND | 1 | £100k |
Charities like this
- Metabolic Support
- EUROPEAN SOCIETY FOR PAEDIATRIC ENDOCRINOLOGY
- THE BRITISH MASS SPECTROMETRY SOCIETY
- EUROPEAN SOCIETY OF ENDOCRINOLOGY
- THE GENETICS SOCIETY
- British Obesity and Metabolic Specialist Society
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE SOCIETY FOR THE STUDY OF INBORN ERRORS OF METABOLISM | £2.5m | — | — | unclear | — | no doubt |
| Metabolic Support | £482k | — | — | above | — | no doubt |
| EUROPEAN SOCIETY FOR PAEDIATRIC ENDOCRINOLOGY | £1.4m | — | 0 | unclear | — | no doubt |
| THE BRITISH MASS SPECTROMETRY SOCIETY | £318k | — | 0 | unclear | — | no doubt |
| EUROPEAN SOCIETY OF ENDOCRINOLOGY | £3.1m | — | 4 | above | — | no doubt |
| THE GENETICS SOCIETY | £530k | — | 0 | above | — | no doubt |