THE GENETICS SOCIETY
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net loss of £178,715 for the year ended 31 December 2024, driven by total expenditure of £642,700 against income of £533,756. Despite this loss, the trustees regard the financial position as satisfactory, with unrestricted reserves of £1,869,748 remaining well above the stated policy target of two years' expenditure. The charity notes that future journal income remains uncertain due to open-access publishing shifts, but current reserves provide a sufficient buffer.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr Alexander Lorenz
- Dr Anna Bazzicalupo
- Dr Gil McVean
- Dr Gunes Taylor
- Dr Maxim Kapralov
- Dr Natalia Bulgakova
- Dr Thorsten Allers
- Prof Ian Henderson
- Prof Jonathan Pettitt
- Professor Alison Woollard
- Professor Jason Barry Wolf
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £530k | £616k |
| 31/12/2023 | £577k | £785k |
| 31/12/2022 | £601k | £700k |
| 31/12/2021 | £565k | £497k |
| 31/12/2020 | £618k | £376k |
Common questions
Is THE GENETICS SOCIETY financially healthy?
The accounts state that the charity reported a net loss of £178,715 for the year ended 31 December 2024, driven by total expenditure of £642,700 against income of £533,756. Despite this loss, the trustees regard the financial position as satisfactory, with unrestricted reserves of £1,869,748 remaining well above the stated policy target of two years' expenditure. The charity notes that future journal income remains uncertain due to open-access publishing shifts, but current reserves provide a sufficient buffer. Its FY2024 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HEALTH FOUNDATION | 1 | £150k |
| THE NUFFIELD FOUNDATION | 1 | £66k |
| THE COMPANY OF BIOLOGISTS | 1 | £38k |
| THE SINO-BRITISH FELLOWSHIP TRUST | 1 | £19k |
| DEVELOPMENTS IN LITERACY UK (UK) | 1 | £10k |
| THE JOHN S COHEN FOUNDATION | 1 | £8k |
| Friends of the Nations' Libraries | 1 | £3k |
| THE NATIONAL MANUSCRIPTS CONSERVATION TRUST | 1 | £3k |