THE PALAEONTOLOGICAL ASSOCIATION
Financial health, per its FY2023 accounts
The accounts state that the charity holds unrestricted reserves of £860,749, which exceeds its stated policy target of maintaining reserves sufficient to fund at least one year’s expenditure. The charity reported a net income of £44,152 for the year, supported by strong membership numbers and publication revenues, although the Trustees note that the changing publications landscape may affect future income.
What the accounts disclose
“The Association maintains a minimum of General Fund reserves at a level sufficient to fund at least one year’s expenditure, based on a three-year average of expenditure, in addition to Designated Fund reserves.” — page 8
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (12/09/2017)
Trustees
- Dr Alan Richard Tozer Spencer
- Dr Darja Dankina
- Dr Harriet Bethany Drage
- Dr IMRAN ALEXANDER RAHMAN
- Dr Joseph Neil Keating
- Dr Laura Beatriz Porro
- Dr Luke Alexander Parry
- Dr Martin Ross Smith
- Dr Michelle Renae Stocker
- Dr Miriam Andrea Slodownik
- Dr Nidia Alvarez-Armada
- Dr PAUL SCHROEDER-WINROW
- Dr Richard Peter Dearden
- Dr Thomas George Clements
- Prof. Daniela Natalie Schmidt
- Professor Barry Harvey Lomax
- Professor Crispin Thomas Stephen Little
- Professor Michael James Benton OBE FRS
- Professor Philip Conrad James Donoghue FRS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £589k | £546k |
| 31/12/2023 | £465k | £485k |
| 31/12/2022 | £394k | £487k |
| 31/12/2021 | £399k | £346k |
| 31/12/2020 | £405k | £361k |
Common questions
Is THE PALAEONTOLOGICAL ASSOCIATION financially healthy?
The accounts state that the charity holds unrestricted reserves of £860,749, which exceeds its stated policy target of maintaining reserves sufficient to fund at least one year’s expenditure. The charity reported a net income of £44,152 for the year, supported by strong membership numbers and publication revenues, although the Trustees note that the changing publications landscape may affect future income. Its FY2023 accounts were independently examined.