THE GENETICS SOCIETY
The object of the Society is to promote the advancement of the science of genetics for the benefit of the public. The Society does this by promoting the interchange of scientific information about genetics through running and sponsoring scientific meetings, through publishing scientific journals and through awarding small grants for travel and research, especially to junior scientists.
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?
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. Its FY2024 accounts were audited by HaysMac LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JULIA RAUSING TRUST | 1 | £1.4m |
| THE SINO-BRITISH FELLOWSHIP TRUST | 1 | £231k |
| THE HEALTH FOUNDATION | 1 | £150k |
| THE COMPANY OF BIOLOGISTS | 1 | £110k |
| THE NUFFIELD FOUNDATION | 1 | £66k |
| THE JOHN S COHEN FOUNDATION | 1 | £18k |
| DEVELOPMENTS IN LITERACY UK (UK) | 1 | £10k |
| DR RADCLIFFE'S TRUST | 1 | £5k |
Charities like this
- THE PHYSIOLOGICAL SOCIETY
- THE SOCIETY FOR EXPERIMENTAL BIOLOGY
- CAMBRIDGE PHILOSOPHICAL SOCIETY
- SOCIETY OF GENEALOGISTS
- THE ROYAL PHILATELIC SOCIETY, LONDON
- THE ROYAL ECONOMIC SOCIETY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE GENETICS SOCIETY | £530k | — | 0 | above | — | no doubt |
| THE PHYSIOLOGICAL SOCIETY | £4.8m | — | — | above | — | no doubt |
| THE SOCIETY FOR EXPERIMENTAL BIOLOGY | £2.9m | — | — | below | — | no doubt |
| CAMBRIDGE PHILOSOPHICAL SOCIETY | £988k | — | 0 | unclear | — | no doubt |
| SOCIETY OF GENEALOGISTS | £768k | — | — | below | — | no doubt |
| THE ROYAL PHILATELIC SOCIETY, LONDON | £803k | — | 0 | unclear | — | no doubt |