THE FOLKLORE SOCIETY
The Folklore Society is devoted to the study of traditional vernacular culture. Its objectives are to foster folklore research and recording worldwide and to make the results of these studies available to all persons whether members of the Society or not.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £43,903 for the year ended 31 December 2024, driven by increased expenditure and income volatility from its publishing partner. However, the trustees report that the net current assets of £259,904 are more than adequate to satisfy their reserves strategy of covering two years of running costs. The charity maintains a healthy cash position and confirms it is a going concern with adequate resources for the foreseeable future.
What the accounts disclose
“Donations and gifts includes £70,500 (2023: £72,000) of trading surplus paid to the charity in the year.” — page 17
“The Charity's wholly owned trading subsidiary, Folklore Enterprises Limited, conducts the commercial activities of its parent charity and donates under gift aid any trading surplus to the parent charity each financial year. For the year ended 31 December 2024 the amount donated was £70,500 (2023: £72,000). At 31 December 2024 there were no balances outstanding between the charity and Folklore Enterprises Limited.” — page 25
Trustees
- Dr Helen Christina Frisby
- Dr Kate Rebecca Smith
- Jeremy Mark Harte
- Prof Owen Davies
- Prof. David Matthew Hopkin
- Sophia Margaret Augusta Kingshill
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £92k | £137k |
| 31/12/2023 | £87k | £67k |
| 31/12/2022 | £122k | £61k |
| 31/12/2021 | £109k | £58k |
| 31/12/2020 | £80k | £61k |
Common questions
Is THE FOLKLORE SOCIETY financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £43,903 for the year ended 31 December 2024, driven by increased expenditure and income volatility from its publishing partner. However, the trustees report that the net current assets of £259,904 are more than adequate to satisfy their reserves strategy of covering two years of running costs. The charity maintains a healthy cash position and confirms it is a going concern with adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.