THE BRITISH GERIATRICS SOCIETY
Financial health, per its FY2024 accounts
The accounts state that the charity achieved an overall deficit before net gains on investments of £274,673 for the year ended 31 March 2024, compared to a £71,188 deficit in the prior year. Per the trustees' report, unrestricted reserves increased to £4,216,791, which exceeds the stated policy target of holding reserves equal to one year’s unrestricted expenditure budgeted for the following year. The trustees confirm that the Society is able to cover potential future operational deficits out of reserves without impacting the delivery of its Strategic Plan.
What the accounts disclose
“One employee earned between £90,000 and £100,000 (2023: one), one employee earned between £80,000 and £90,000 (2023: none), and 2 employees earned between £60,000 and £70,000 (2023 two).” — page 39
“One employee earned between £90,000 and £100,000 (2023: one), one employee earned between £80,000 and £90,000 (2023: none), and 2 employees earned between £60,000 and £70,000 (2023 two).” — page 39
“The Society has a wholly owned, non-charitable trading subsidiary, BGS (Trading) Limited, a company incorporated in England and Wales (No. 2013195).” — page 25
Leadership, per the charity’s website
- Professor Martin Vernon — President Elect
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Professor Jugdeep Kaur DHESIchair
- Andrew James Cole
- Dr Alison Falconer
- Dr Amit Arora
- Dr Deborah Alexandria Gompertz
- Dr Elizabeth Mary LAWN
- Dr Karl Robert DAVIS
- Dr Richard William Stuart BIRAM
- Dr Sarah Elizabeth TRUE
- Lyndsey DUNN
- Professor Bernadette McGuinness
- Stephanie Jane Harland
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.8m | £2.3m |
| 31/03/2024 | £1.8m | £2.1m |
| 31/03/2023 | £1.6m | £1.7m |
| 31/03/2022 | £1.3m | £1.2m |
| 31/03/2021 | £1.2m | £1.1m |
Common questions
Is THE BRITISH GERIATRICS SOCIETY financially healthy?
The accounts state that the charity achieved an overall deficit before net gains on investments of £274,673 for the year ended 31 March 2024, compared to a £71,188 deficit in the prior year. Per the trustees' report, unrestricted reserves increased to £4,216,791, which exceeds the stated policy target of holding reserves equal to one year’s unrestricted expenditure budgeted for the following year. The trustees confirm that the Society is able to cover potential future operational deficits out of reserves without impacting the delivery of its Strategic Plan. Its FY2024 accounts were audited by Sayer Vincent LLP.
What does the highest-paid employee of THE BRITISH GERIATRICS SOCIETY earn?
Per its FY2024 accounts, the highest-paid employee was in the £90,001 - £100,000 band, and 4 employees earned over £60,000.