THE ROYAL SOCIETY OF LONDON FOR IMPROVING NATURAL KNOWLEDGE (COMMONLY KNOWN AS THE ROYAL SOCIETY)
The Royal Society has three roles: A learned society; The UK's Academy of Science; And as a funding agency. We- Promote science and its benefits- Recognise excellence in science- Support outstanding science- Provide scientific advice for policy- Foster international and global cooperation- Provide education and public engagement
Objects
FOR THE IMPROVEMENT OF NATURAL KNOWLEDGE
Financial health, per its FY2025 accounts
The accounts state that free reserves were £35.8 million, which is well above the target level of £16.0 million. The defined benefit pension scheme holds a surplus of £2.4 million, and the total investment portfolio was valued at £563.7 million. The Trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The following numbers of employees of the Royal Society earning £60,000 per annum or more received total emoluments within the bands shown.” — page 80
“Dame Julie Maxton, Executive Director of The Royal Society, is a Trustee Board member of The Foundation for Science and Technology (FST). The Royal Society provides an annual grant to FST to support its activities. The grant paid this year was £44,000” — page 84
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 50
- Government income: £118,273,546 — grants £118,273,546 (4); 75% of the £157,614,000 total gross income on the same return
- Employees paid over £60,000: 51 (£60,001–£70,000: 16; £70,001–£80,000: 16; £80,001–£90,000: 5; £90,001–£100,000: 1; £100,001–£110,000: 2; £110,001–£120,000: 1; £130,001–£140,000: 2; £140,001–£150,000: 2; £150,001–£200,000: 5; £400,001–£450,000: 1)
- Trustee benefits, answered Yes to: any trustee benefit; other trustee benefit
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Government income: £112,718,000 — grants £112,718,000 (5); 28% of the £396,290,000 total gross income on the same return
- Employees paid over £60,000: 42 (£60,001–£70,000: 14; £70,001–£80,000: 11; £80,001–£90,000: 4; £90,001–£100,000: 2; £100,001–£110,000: 1; £110,001–£120,000: 1; £120,001–£130,000: 3; £130,001–£140,000: 2; £150,001–£200,000: 3; £400,001–£450,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Government income: £112,529,000 — grants £112,529,000 (6); 81% of the £139,786,000 total gross income on the same return
- Employees paid over £60,000: 38 (£60,001–£70,000: 16; £70,001–£80,000: 7; £80,001–£90,000: 2; £90,001–£100,000: 1; £100,001–£110,000: 3; £110,001–£120,000: 3; £120,001–£130,000: 1; £130,001–£140,000: 1; £140,001–£150,000: 1; £150,001–£200,000: 2; £350,001–£400,000: 1)
- Trustee benefits, answered Yes to: any trustee benefit; other trustee benefit
- Has a trading subsidiary
- Grant-making is its main activity
Corporate structure
- Registered company of the charity Companies House RC000519
Leadership, per the charity’s website
- Paul Nurse — President
Electoral Commission register entries
- Non Cash: Steve Yemm — £3k
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Anne Ridley
- Colin Peter Smith FRS FREng
- Dame Nancy Rothwell
- Professor Carlos Frenk CBE FRS
- Professor Dame Frances Mary Ashcroft DBE FRS
- Professor Eric William Wolff FRS
- Professor Gideon Davies FRS
- Professor Ian Walmsley FRS
- Professor Jonathan Felix Ashmore FRS
- Professor Jonathan Keating FRS
- Professor Julia Alison Noble OBE FRS
- Professor Krishnaswamy Vijayraghavan FRS
- Professor Marta Kwiatkowska FRS
- Professor Miles Padgett FRS
- Professor Robin Allshire FRS
- Professor Sarah Darby FRS
- Professor Sheila Rowan CBE FRS
- Professor Sir Andrew Pollard FRS
- Professor Sir Colin John Humphreys CBE FRS
- Professor Sir Paul Maxime Nurse OM CH FRS
- Professor Stephen West CBE
- Professor Tim Palmer CBE FRS
- Sir David Charles Baulcombe FRS
- Sir Mark Walport
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £157.6m | £151.5m |
| 31/03/2024 | £396.3m | £146.0m |
| 31/03/2023 | £139.8m | £141.7m |
| 31/03/2022 | £124.6m | £127.7m |
| 31/03/2021 | £136.2m | £138.4m |
Common questions
Is THE ROYAL SOCIETY OF LONDON FOR IMPROVING NATURAL KNOWLEDGE (COMMONLY KNOWN AS THE ROYAL SOCIETY) financially healthy?
Per its FY2025 accounts: The accounts state that free reserves were £35.8 million, which is well above the target level of £16.0 million. The defined benefit pension scheme holds a surplus of £2.4 million, and the total investment portfolio was valued at £563.7 million. The Trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by BDO LLP.
Who funds THE ROYAL SOCIETY OF LONDON FOR IMPROVING NATURAL KNOWLEDGE (COMMONLY KNOWN AS THE ROYAL SOCIETY)?
Funders whose own accounts filings name THE ROYAL SOCIETY OF LONDON FOR IMPROVING NATURAL KNOWLEDGE (COMMONLY KNOWN AS THE ROYAL SOCIETY) as a grant recipient include THE JULIA RAUSING TRUST, THE SINO-BRITISH FELLOWSHIP TRUST, THE JOHN S COHEN FOUNDATION, Friends of the Nations' Libraries, THE NATIONAL MANUSCRIPTS CONSERVATION TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE JULIA RAUSING TRUST | FY2025 | £1.4m | Science community grants |
| THE SINO-BRITISH FELLOWSHIP TRUST | FY2025 | £108k | Joint UK /China academic programmes and exchanges – object (d) |
| THE SINO-BRITISH FELLOWSHIP TRUST | FY2024 | £85k | Joint UK /China academic programmes, and exchanges between Hong Kong and other parts of China – object (d) |
| THE SINO-BRITISH FELLOWSHIP TRUST | FY2021 | £19k | Grants to Chinese academics for study visits to Great Britain – object (b) |
| THE SINO-BRITISH FELLOWSHIP TRUST | FY2023 | £14k | Joint UK /China academic programmes, and exchanges between Hong Kong and other parts of China – object (d) |
| DEVELOPMENTS IN LITERACY UK (UK) | FY2023 | Unverified read£10k | Science promotion |
| THE JOHN S COHEN FOUNDATION | FY2022 | £10k | Education & Academic |
| THE JOHN S COHEN FOUNDATION | FY2024 | £8k | Education & Academic |
| THE SINO-BRITISH FELLOWSHIP TRUST | FY2022 | £5k | Promotion of Chinese language studies – object (c) |
| Friends of the Nations' Libraries | FY2023 | £3k | Collection of letters and manuscripts relating to the Herschel family |
| THE NATIONAL MANUSCRIPTS CONSERVATION TRUST | FY2025 | £3k | The conservation of the Patent granted to Robert Rigg FRS, organic chemist, by George IV, in 1827 |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 31/03/2022 | £111.8m | Royal Society Core Funding |
| UK government | 31/03/2022 | £110.0m | Royal Society Core Funding |
| The National Lottery Heritage Fund | 03/05/2001 | £43k | "Web of Science" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROYAL COMMISSION FOR THE EXHIBITION OF 1851 | 2 | £190k |
| THE HORNERS CHARITY FUND | 2 | £11k |
| MISSION44 | 1 | £810k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £601k |
| PROJECT GIVING BACK | 1 | £324k |
| THE JORON CHARITABLE TRUST | 1 | £240k |
| Aruna and Ambika Paul Foundation | 1 | £100k |
| ROSETREES | 1 | £94k |
Charities like this
- ROYAL ENTOMOLOGICAL SOCIETY OF LONDON
- THE ROYAL SOCIETY OF BIOLOGY
- ROYAL MICROSCOPICAL SOCIETY
- THE GEOLOGICAL SOCIETY OF LONDON
- THE BRITISH ECOLOGICAL SOCIETY
- THE ROYAL SOCIETY OF CHEMISTRY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ROYAL SOCIETY OF LONDON FOR IMPROVING NATURAL KNOWLEDGE (COMMONLY KNOWN AS THE ROYAL SOCIETY) | £157.6m | — | 52 | above | — | no doubt |
| ROYAL ENTOMOLOGICAL SOCIETY OF LONDON | £1.6m | — | — | below | — | no doubt |
| THE ROYAL SOCIETY OF BIOLOGY | £3.2m | — | — | above | — | no doubt |
| ROYAL MICROSCOPICAL SOCIETY | £2.0m | £80,000-£90,000 | 3 | above | — | no doubt |
| THE GEOLOGICAL SOCIETY OF LONDON | £6.1m | — | — | unclear | — | no doubt |
| THE BRITISH ECOLOGICAL SOCIETY | £6.3m | — | — | unclear | — | no doubt |