ACADEMIA EUROPAEA (THE ACADEMY OF EUROPE)
Promotion of European scholarship and research.Making of recommendations to national governments and international agencies concerning matters affecting science, scholarship and academic life in Europe.Encouraging interdisciplinary and international research in all areas of learning.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds carried forward were a deficit of £-33,600, driven by costs associated with establishing a new Munich legal entity. However, the trustees note that actual cash reserves remained positive at £213,526, and the charity intends to maintain reserves equal to approximately six months of operations.
What the accounts disclose
“The reserves policy was not met in the last two consecutive years due to the creation and support given to the Academia Europaea c.V in Munich.” — page 16
“The total amount refunded to the trustees/ directors regarding travel and subsistence for meetings, events for the year amounted to £7,972.09 (2023 - £13,611.71).” — page 37
Structured financials (annual return, FY ending 31/12/2021)
Trustees
- PROFESSOR Bjorn Wittrock
- PROFESSOR Genoveva Marti
- Professor Donald Dingwell
- Professor Eva Kondorosi
- Professor Eystein Jansen
- Professor Milena Zic Fuchs
- Professor Paolo Papale
- Professor Stephen Evans
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £297k | £333k |
| 31/12/2023 | £320k | £515k |
| 31/12/2022 | £316k | £344k |
| 31/12/2021 | £634k | £484k |
| 31/12/2020 | £401k | £255k |
Common questions
Is ACADEMIA EUROPAEA (THE ACADEMY OF EUROPE) financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds carried forward were a deficit of £-33,600, driven by costs associated with establishing a new Munich legal entity. However, the trustees note that actual cash reserves remained positive at £213,526, and the charity intends to maintain reserves equal to approximately six months of operations. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 01/04/2022 | £174 | Science Advice for Policy by European Academies |