MICROBIOLOGY SOCIETY
Latest income
£4.0m
Latest spending
£5.8m
Registered
1972
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with a deficit of £1.79m, necessitating the use of reserves. However, free unrestricted reserves of £7.9m remain above the trustees' stated policy target of £6.8m, providing a buffer against income risks associated with the transition to Open Access publishing.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Total income
£4.0m
Total spending
£5.8m
Cost of raising funds
£47k
Reserves (reported)
£12.3m
Employees
52
Trustees
- Dr Elizabeth Allen
- Dr Lorena Teresa Fernandez-Martinez
- Jenny Boland
- PROFESSOR GORDON DOUGAN
- Professor Alan McNally
- Professor David James Clarke
- Professor John Henry George Sinclair
- Professor Kim Hardie
- Professor Marguerite Mary Clyne
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.0m | £5.8m |
| 31/12/2023 | £4.3m | £6.2m |
| 31/12/2022 | £4.4m | £6.2m |
| 31/12/2021 | £4.1m | £4.2m |
| 31/12/2020 | £3.9m | £4.5m |
Common questions
Is MICROBIOLOGY SOCIETY financially healthy?
The accounts state that the charity ended the year with a deficit of £1.79m, necessitating the use of reserves. However, free unrestricted reserves of £7.9m remain above the trustees' stated policy target of £6.8m, providing a buffer against income risks associated with the transition to Open Access publishing. Its FY2024 accounts were audited by Sayer Vincent LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE COMPANY OF BIOLOGISTS | 1 | £38k |