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2025-09-30-accounts

Royal Society of Biology RSB Trustees Report Financial year 2024-2025 ¥)y%S)>YP41

THE ROYAL SOCIETY OF BIOLOGY

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charity registered number: 277981

THE ROYAL SOCIETY OF BIOLOGY FOR THE YEAR ENDED 30 SEPTEMBER 2025 CONTENTS

Officers and Advisers
The Year in numbers infographics
Trustees’ Report
Independent Auditors’ Report
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements
Page
1 – 2
3 - 5
6 - 28
29 - 31
32
33
34
35 – 49

THE ROYAL SOCIETY OF BIOLOGY OFFICERS AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025

The Council of the Society, being the Trustees of the charity, present their report and audited financial statements for the year ended 30 September 2025.

Reference and Administrative information Charity Name: The Royal Society of Biology Charity registration number: 277981 Address: 10 Queen Street Place, London EC4R 1AG

Members of Council during the period 1 October 2024 to 30 September 2025

Officers of Council

Professor Sir Ian Boyd President Dr Louise Leong Honorary Treasurer Professor Claire Wates Honorary Secretary (to May 2025) Mr Paul Gemmill Honorary Secretary (from May 2025) College of Individual Members Professor Louise Cosby Chair of the College Dr Jacqui Piner Mr Alastair Land Mrs Lucy Hudson Re-elected for a second term May 2025

College of Organisational Members Professor Patricia Kuwabara Chair of the College Dr Suzy Moody (to May 2025) Dr Helen Watson Professor Tim Coulson (from May 2025) Professor Kalai Mathee (from May 2025) Appointed by Council Professor Dame Melanie Welham Professor Hilary MacQueen (to May 2025) Professor Stefan Przyborski Professor Jeremy Pritchard (from May 2025) Mr Neil Burton

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THE ROYAL SOCIETY OF BIOLOGY OFFICERS AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Senior Staff

Dr Doug Brown Dr Mark Downs

Mr Mark Leach Mr Paul Trimmer Ms Susie Rabin Dr Arianne Matlin

Chief Executive (from 1 September 2025) Chief Executive (to 31 August 2025 and supported handover until 30 September 2025) Director, Membership Services & Events Director, Accreditation & Professional Affairs Director, Communications & Public Affairs Director, Policy & Publications

External Auditor

HaysMac LLP 10 Queen Street Place Statutory Auditors London EC4R 1AG

Bankers

HSBC Bank plc 95 Gloucester Road South Kensington London SW7 4SS

CAF Bank Kings Hill West Malling Kent ME19 4TA

Solicitor

Payne Hicks Beach 10 New Square Lincolns Inn London WC2A 3QG

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Year in numbers Royal Society of Biology 2024-2025 Income Expenditure Total Funds £3.191k £3.533k £1.799k Membership 26.455 78 Individual members Member Organisations Client Services 12 15,000 Societies seNiced Individual members collectively Professional Registers Training 1.297 253 669 Chartered Biologist5 Chartered Siient15ts UK Registered 15 Accreditation Training courses 27 17 10 Accreditation appllcatlons this year New or different programrnes Re-accredit8tlons

Year in numbers Bioloay week 2024-2025 43 250 Biology Week cvcnts worldwide STEM club talk vicwcrs Launch of new brand Launch of new website Outreach & Engagement 866 1072 Entrie5 to the BioArtAttack2D competition Entries to the photography competition 18 IIA new videos have been added to series 3 of the A-Z Series

Year in numbers Royal Society of Biology 2024-2025 Education & Science Policy 19.303 4.128 Science Policy Newsletter subscribers 5-19 Education Newsletter subscribers Publications I'lie 1st 70+ The Biologist articles, from interviews, analysis and features to profiles of members and grant reports 240.000+ 26 titles published in the Oxford Primers series of textbooks visits to The Biologist microsite 187.967 new issues of the Journal Emerging Topics in Life Science downloads of the Journal of Biological Education

THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

INTRODUCTION

Our vision : a world that values biology’s contribution to understanding and improving life for all.

Our mission is to advance the science and practice of biology, to advance education therein and to co-ordinate and encourage the study of biology and its application.

The Society is incorporated by Royal Charter (1979, updated 2009) and was granted a Royal title by Her Majesty the Queen, on the advice of ministers in 2015.

The financial year was 1 October 2024 to 30 September 2025.

The Society ended financial year 2024-25 in a strong position with significant policy engagement and impact alongside an overall growth in membership, client services and international accreditation. Financially the Statement of Financial Accounts (SOFA) records a planned operational deficit of £342k. This deficit enabled the Society to continue high impact projects whilst also delivering major change programmes. These change programmes included: ending the lease for the Naoroji Street office and transitioning to a fully remote-working organisation; launch of a new brand and; launch of a new website. Work also commenced on a multi-year income growth plan which will bring the Society into surplus budget position in the coming years and enable the Society to deliver even more impact for the biology community. The Society also launched a new 5 year strategy detailing priorities through to 2030.

STRUCTURE, GOVERNANCE & MANAGEMENT

Governance

The members of Council are the Charity Trustees. They have a legal responsibility for the overall management of the Society. They met four times during the year as a formal Board of Trustees (Council).

The Council of up to 15 Trustees is appointed in accordance with the Charity’s Bylaws as agreed by the Privy Council on 15 July 2009 under the terms of the Society’s Royal Charter. Four are elected from the College of Individual Members, four from the College of Organisational Members and four are appointed by Council to fill skills gaps as are the three Honorary Officers– President, Treasurer and Secretary.

All Trustees complete a standard induction process upon appointment including access to past minutes and decisions, structured introductions with senior staff and dedicated meetings with both the Chief Executive and President. An online bespoke training course is also provided. Board effectiveness is reviewed at least once during the four-

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

year tenure of each President and ongoing support provided to ensure skills are maintained and knowledge updated.

The other three key advisory committees are Finance, Audit and Risk Committee – FARC (formed in spring 2025 from the separate Audit and Finance committees as part of streamlining governance), chaired by the Honorary Treasurer (Dr Louise Leong FRSB); the Education & Science Policy Committee (chaired by Professor Jeremy Pritchard FRSB) and the Membership & Professional Affairs Committee chaired by the Honorary Secretary (Mr Paul Gemmill FRSB). Advisory committees typically meet four times per annum.

The Remuneration & HR Committee (RemCom) meets at least twice per annum and has delegated authority from Council to set the remuneration of staff, including key management personnel, within a Council agreed overall budget (chair: Professor Richard Reece FRSB). It has additional responsibility for reviewing HR issues, conditions of employment and related matters. RemCom consists of the three honorary officers and two external members, one of whom is the chair. The CEO and a professional HR advisor attend as ex-officio members with no voting rights.

The salary and terms of employment of the Chief Executive are set by the Remuneration & HR Committee (CEO) with the same membership as RemCom save for the fact the CEO does not attend.

Dr Mark Downs retired as CEO on 30 September 2025. Council asked RemCom to undertake the recruitment process and Dr Doug Brown was appointed as CEO from 1 September 2025.

Both RemCom groups use regular benchmarking as part of the decision process from publicly available information on similar organisations and from external body surveys of wider charity sector trends and specially commissioned surveys on occasion.

The Accreditation Committee, chaired by Professor Richard Reece FRSB, met six times.

The Chief Executive has delegated authority to manage the staff team in delivering the Trustees’ plans. Staff numbers were 39.4 FTE on 30 September 2025 (2024: 40). The total number employed was 41 (on average for the year).

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Impact of the Society’s work

Policy & Publications

Membership Services & Events (incorporating governance)

Communications & Public Affairs

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Accreditation & Professional Affairs

Public Benefit

The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, “Charities and Public Benefit”.

The Royal Society of Biology brings together life scientists through individual and organisational membership, creating a strong voice for biology in public policy development and the public understanding of science. Outreach activities, for example Biology Week, and other publicly accessible events, listed in detail in this report, provided the opportunity for members and the public to celebrate and promote biology.

Biology is relevant to very many aspects of daily life from food supply to health care and the environment. Solutions to many of the global challenges we face will undoubtedly come from biology-based research and public policy. The Society's professional membership and development programme, along with its work to stimulate public interest, and policy advice, have an important role to play.

Future Plans

FY25-26 will see the Society focus on the new five year plan through three pillars of work: delivery of all the Society’s work through the lens of membership; professional development and standards and acting as a unifying voice for policy whilst continuing to promote the wonder of biology. Equality and diversity aims will be threaded across all areas of work.

Key deliverables will be to:

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

OBJECTIVES, ACTIVITIES, ACHIEVEMENTS & PERFORMANCE

MEMBERSHIP AND ENGAGEMENT

April 2025 marked a new milestone for the RSB, with membership reaching 26,455, the highest in the Society’s history. Retention continued to improve, increasing from 81% in October to 84% in April, while Fellowship retention remained high at 94%. Overall recruitment targets were surpassed once again, reflecting the Society’s growing reach and the value of belonging to the RSB biosciences community. The free membership offer for students on RSB accredited degree programmes, introduced in January 2024, continued to boost early-career engagement and support long term growth.

By 30 September 2025, taking inwards and outwards movement of members into account, net total membership stood at 25,000 (2024: 22,130; 2023: 18,300). Member Organisation (MO) numbers decreased slightly to 78 (2024: 82; 2023: 83), reflecting the departure of smaller organisations, while overall income from MOs remained strong. Engagement continues to be high, with an attractive array of benefits for organisations (details can be found here) as well as supported by the enhanced communications and a dedicated staff lead, ensuring that the Society maintains a financially sustainable network of organisational members.

The RSB continues to run a vibrant programme of in-person and online events. Highlights included Parliamentary Links Day in Westminster, Bioscience Careers Day online for students, the Accreditation Conference and Awards for higher education institutions, the Annual General Meeting for all members and MOs, and a series of plant health themed events funded by Defra. A new series of member-exclusive webinars featuring high-profile speakers and exploring emerging bioscience topics launched this year with 150 registrations per event and content available on demand.

Following the conclusion of the volunteer-led branch network at the end of 2024, the Society launched its new Regional Events Grant scheme to support local and regional engagement. Through this scheme, 17 members across the UK and internationally received funding to run approximately 85 events or activities, plus the development of educational materials. These initiatives aimed to reach broad audiences, including school and university students, academics, industry professionals, and the public. They also demonstrated strong international impact and a commitment to inclusive, locally relevant engagement with the biosciences. The Regional Events Grants complement the Society’s popular Travel Grants, which provide early-career members the opportunity to travel in the UK or overseas to develop new skills, gain professional experience, and network with peers and academics.

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Client Services

The membership services team completed its tenth servicing twelve individual societies during this period (Genetics Society, British Society of Toxicological Pathology, British Society for Neuroendocrinology, British Lichen Society, British Society for Genetic Medicine, the Anatomical Society, the International Society for Affective Disorders, International Society for Applied Ethology, the Fisheries Society of the British Isles, the Freshwater Biological Association, the British Society for Animal Science and the British Association for Lung Research) at year-end totalling over 10,000 individual members collectively.

The Society also makes available its wholly owned, and developed, in-house software to external clients under contract allowing two other learned societies, with 15,000 members collectively, to benefit from this RSB innovation.

In addition, client services provide secretariat support for the Heads of University Biosciences (HUBS), a special interest group of the RSB.

PROFESSIONAL REGISTERS & TRAINING

Register numbers

Professional registers remain a core area of Society business.

The Society offers its own bespoke, specialist registers as well as those under licence from the Science Council. The registers offered and numbers of registrants (as of August 2025) can be viewed in the table below.

can be viewed in the table below.
Chartered Biologist(CBiol) 1297
Chartered Scientist(CSci) 253
Chartered Science Teacher(CSciTeach) 37
Registered Scientist(RSci) 176
Registered Science Technician(RSciTech) 86
UK Register of Toxicologists(UKRT) 669
Qualified Persons(QP) 212
Plant Health Professionals(PHP) 100
Biorisk Professionals Registration Scheme(BPRS) 11

As in recent years, with the introduction of a CPD requirement to retain CBiol, the focus has been on promoting CBiol as a gold-standard register for biologists and supporting new applicants through the submission process. Following the success of

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

the CBiol workshops in 2023, the team have been adapting these into an on-demand video resource to be launched on the Society myLearning platform towards the end of 2025. To further the growth of CBiol, the Society launched a company accreditation pilot with AstraZeneca in March 2025. Using learnings from this pilot, company accreditation to award CBiol internally will be rolled out to more employers in the biosciences. This is expected to remove a major barrier to CBiol application: the ability to effectively evidence the CBiol competencies while considering confidentiality of company projects. These initiatives, alongside clearer, more readily available guidance (including model CBiol applications available on the RSB website) have led to an increase in CBiol applications over the last year.

The BPRS launched in summer 2024, and since then four applications have been completed with two applicants being successfully elected to the register (excluding the advisory committee). A further 11 applications are in progress – by design, the application process takes some time to allow gap analysis and for applicants to build their knowledge and skills in line with the register competencies. The first training course approved to satisfy the knowledge requirements of the register – the Pirbright Biorisk Advisor training – launched in July 2025. The course was fully booked and successful, and will run again in November. The RSB team are working with other institutions to host similar courses elsewhere. These courses feed directly into the BPRS and will increase the pool of potential applicants.

The Society has been awarded a further four-year Defra grant to continue and expand work on plant health professional development. The grant has three activity areas, all managed by the RSB Professional Affairs team: professional register, events and Plant Health Undergraduate Studentships (PHUGS). Defra funding allows the Society to develop further PHP register application guidance, launch a mentoring scheme and offer subsidised memberships. From 2026, the number of Defra-funded PHUGS will double from six to twelve.

Training

From October 2024 to September 2025, the Society delivered 15 training courses, comprising:

In-person courses: 3 Live, online courses: 11 Teacher CPD delivered in house or online: 1

The technical skills training at University of York (two courses) ran again in June, with positive feedback from attendees. The Society additionally offered two further dates for the University of York training, and two courses hosted by Brunel University. Due to low bookings, these events were cancelled. The team have developed partnerships with at least three further accredited universities with diverse specialist facilities, to expand the current course offering with the aim to launch new courses in 2025/26.

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

DEGREE ACCREDITATION

Accredited Higher Education Institutes (HEIs) and Programmes as of 30 September 2025

Type:
Accreditation
Advanced Accreditation
International Accreditation
Master’s Accreditation
Foundation Degree
Accreditation
Doctoral Training Accreditation
Apprenticeship Accreditation
Totals
HEIs
2025
2024
66
65
22
21
16
14
5
5
2
2
4
4
3
0
118 113
Programmes
2025
2024
653
657
333
307
63
60
30
30
4
5
5
5
3
0
1,091 1,064

Over the last financial year, a total of 27 accreditation applications were received. Of these, 17 were re-accreditations, while 10 were from either new institutions or institutions seeking accreditation for a different programme level.

International Accreditation continues to grow, with programmes at two new institutions awarded accreditation in the past year: the Hashemite University in Jordan and the University of Porto in Portugal. In July, a joint webinar was delivered in collaboration with the Royal Society of Chemistry to raise awareness of accreditation among international institutions. There is continued interest from a number of international institutions, with more new applications expected in the next financial year.

This year marked a milestone, with the first apprenticeships receiving accreditation at the University of Kent, Keele University, and Manchester Metropolitan University. There is interest from a number of other providers and it is expected that the demand for this type of accreditation will continue to grow.

Over the past year, the accreditation team has been undertaking the quinquennial review of the accreditation criteria. Major changes include the introduction of a new set of criteria on assessments, the merger of bachelor’s and advanced accreditation criteria, the streamlining of master’s accreditation, and overall refinement of the criteria and updating of wording. Two new sets of subject-specific learning outcomes have been developed in collaboration with the British Neuroscience Association (for

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

programmes with “Neuroscience” in the title) and the Horticulture Group of the SCI (for programmes with “Plant Science”, “Plant Biology”, or “Botany” in the title). In addition to the core accreditation criteria, programmes in these areas must also meet these subject-specific learning outcomes which focus on specific skills and knowledge appropriate to the specialism.

In April 2025, the RSB hosted its annual Accreditation Conference and Awards Ceremony. The conference, held at One Great George Street, brought together 78 attendees. The programme featured presentations on best practice from accredited institutions, a talk on digital literacy, and an afternoon session gathering feedback on the updated accreditation criteria. The Awards Ceremony, hosted at the Houses of Parliament, celebrated 84 top project award winners and 20 newly accredited institutions, with 196 guests in attendance.

Artificial intelligence (AI) remains a significant focus in higher education. As part of an accreditation application, institutions are now required to provide an up-to-date Teaching, Learning and Assessment strategy, including reference to AI. Prior to the full criteria review, minor amendments were made to some criteria to state that graduates will have the basic skills in applications of AI. The newly updated criteria now include more detailed expectations around AI, particularly in relation to assessments.

PUBLIC ENGAGEMENT

School Biology Teacher of the Year Award

The 2025 School Biology Teacher of the Year Award’s was announced in July 2025. This year’s winner was Sarah Girasoli from St Luke’s High School in Barrhead, Glasgow

Photography Competition

The RSB photo competition theme for 2024 was Transforming Life and the competition’s winners were announced on RSB’s website and at RSB’s Networking and Awards Ceremony in London on 8 October.

1072 entries were received with 249 entries in the Young Photographer of the Year category and 823 in the Photographer of the Year (18 and over) age category. The competition reopened in March 2025.

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

BioArtAttack 2D (incorporating the Nancy Rothwell Prize)

The BioArtAttack 2D winners were announced on our RSB’s website page and at RSB’s Networking and Awards Ceremony in London on 8 October. 866 entries were received this year making this one of the most successful years for the competition.

RSB Outreach and Engagement Grants

The RSB Outreach and Engagement Grant Scheme 2024’s successful applicants have now been awarded their grants to run outreach and engagement events, activities or resources between October 2024 and 30 May 2025.

Grants were awarded to the following projects:

RSB Gopher Science Lab – small grants to run lab days

Following our successful delivery of grants to schools to provide Gopher Science lab day grants, we were delighted to receive further funding from Horner’s Charity Funds in January 2025. This enabled is to offer small grants to another 20 schools at an enhanced rate of £600 per school. The new funding will also enable RSB to offer honoraria of £200 each to five GSL teacher mentors (who have successfully run their own lab day previously) and to provide enhanced online and email support and guidance to help new schools to run their lab days this year.

The Signs of Spring Survey 2025 , run in partnership by the Royal Society of Biology and the Field Studies Council (FSC), entered its second year this year with a simple mission: get people outdoors, spotting the first signs of the new season, and sharing what they see. Together, the RSB and FSC are not only celebrating the magic of spring but are building an important long-term record to help scientists track how climate change is shifting seasonal patterns. Following on from last year, 10 key signs of spring were tracked and the public was asked to log their sightings on an

interactive map, including location, demographic information, and basic environmental data such as weather and temperature. This year, just under 2,000 observations were submitted between 1 January and 18 June from across the UK. Nearly half of all records were submitted between 16 February and 18 March. Media coverage this year

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

included mentions on national television, live radio interviews, radio programmes, a podcast, and online news outlets.

Biology Week 2024

Biology Week took place from 7–11 October 2024.

Key highlights included:

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Parliamentary

RSB rebrand and new website

POLICY & PUBLISHING

Joint work across policy teams

To provide policy training and support to early career researchers across the biosciences, two interns joined the team again this year to receive policy training, and gain experience, as part of the ongoing UKRI Policy Internships Programme.

Science Policy

RSB’s science policy work provides independent, evidence-based advice to policy, representative of the breadth of the biosciences, and strategically guided by our science policy priorities. The current set of priorities run from 2022 – 2027 and include detailed intended impact, outcomes, outputs and activities within each area, as agreed by the Education and Science Policy Committee and Council. The headline priority areas are:

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Delivering on this framework, in January 2025 we published our annual impact review for 2024, via our website and regular policy newsletters. In summary, through 2024, we synthesised our members’ evidence and expertise and delivered it direct to policymakers and advisors across Parliament, Government, research funding bodies and wider sectors via 24 briefings, letters, consultation responses, campaigns and reports. We hosted and collaboratively delivered 57 , and attended 43 , knowledge exchange meetings and events to engage these audiences with the bioscience community. Some highlights in the year ended September 2025 included:

To fund further proactive delivery, we pitched for and were granted over £50k of external funding in the financial year ended September 2025. Funded outputs include:

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

To further reconfigure resource focus towards proactive evidence gathering, impactful policy products and spin-outs, and ensure that our work remains at the cutting edge of evolution in the biosciences and policy landscape, we embarked on a stakeholder engagement and review programme focusing solely on the science policy ‘pillar’ priorities. Two pathways in the review seek to firstly optimise our Member Organisation (MO) engagement structures and secondly identify a subset of policy questions or issues, where RSB is in a unique position to gather networks and solutions. We aim to focus our resource towards answering these questions, via deep evidence gathering, dialogue, policy products and recommendations. As part of this review, the MO Animal Science Group (ASG) and Plant Science Group (PSG) have been suspended in operations, pending review conclusions. This has enabled secretariat resource to pivot instead to a series of individual stakeholder engagement meetings (across these and wider MOs and external organisations, including Government departments and Parliamentary advice mechanisms) to compare priorities, horizon scan and identify the key questions. These meetings are ongoing and will conclude by end 2025. Review conclusions will be reported for agreement on implementation in early 2026.

RSB sustains engagement and knowledge sharing with a wide range of individuals and organisations across the sector, through our membership and external networks, including: the Royal Society of Chemistry, the Institute of Physics, the UKRI External Affairs Advisory Group; the UK One Health Coordination Group; SEN in STEM; the Science Council Policy Forum; the Global Plant Council (GPC), and several others.

Education Policy

The education policy team has grown in 2024-25, with reappointment of a curriculum and qualifications policy officer role, establishment of a senior policy officer position, and a new policy officer role supporting the Science Education Policy Alliance to replace an assistant post. In 2024-25 we recommitted to our partnerships with other science organisations in Scotland and England, extending the Science Education Policy Alliance funding agreement for a further year, and a new three year agreement for the Learned Societies Group on STEM education in Scotland. RSB’s education policy priorities for 2023-28 continue to inform proactive and reactive policy work, alongside the Evolving 5-19 Biology suite of documents and input from our groups and committees.

Curriculum and qualifications reform is now taking place concurrently in England, Northern Ireland, Scotland and Wales. This is a significant area of work for the Society addressing our strategic aim to embed Evolving 5-19 Biology across the 4 UK nations, with the team engaging in formal and informal policy discussions, curriculum and qualification review and design for biology, and cross-subject discussions with partner organisations, teachers, government departments, exam boards and regulatory bodies

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

that oversee qualifications. Over this period RSB has responded to the Department for Education (England’s) Curriculum and Assessment Review, WJEC (Welsh awarding organisation) consultation on qualifications, has been appointed as a member of the core, collaboration and senior stakeholder groups to inform the Curriculum Improvement Cycle in Scotland, and informed the Northern Ireland Curriculum Review through focus groups. RSB has also contributed to several cross-subject reports on climate change and sustainability education over this period.

Alongside the bi-monthly 5-19 education newsletter with over 4000 subscribers, RSB now publishes an invite-only curriculum and qualifications policy update for engaged committee members and trusted individuals at other organisations, to inform and engage between committee meetings and calls for comment. New watching brief positions have also been established to support committee engagement with curriculum and qualifications in England, Scotland and Wales. We have worked with the communications team to host discussions with teachers on social media via Chat Biology, provide quick response on policy announcements and to inform individual members and non-members responding to curriculum reform consultations. As part of RSB’s strategy to strengthen its national voice, and advise policymakers on teacher training, retention, recruitment and CPD, RSB has submitted written evidence to the Public Accounts Committee inquiry into increasing teacher numbers in England, and was invited to provide oral evidence to the Senedd inquiry into teacher recruitment and retention in Wales following meetings with the Minister, select committee chair, and a successful call from the science organisations for the inquiry to be carried out. Utilising STEM Learning’s Community platform, we have established an online forum to form the basis of a Teaching Policy Network to sit alongside the Teaching Policy Advisory Group. Over 2024-25 the team have worked with colleagues in the Membership and Professional Affairs team to begin bringing together the ways teachers may interact with the RSB, including as individual members, Schools and Colleges Affiliation Scheme, Chartered Science Teacher register and CPD provision.

Publishing

The Biologist

In the three print issues published over the period of this report, The Biologist has published over 25 main feature articles, with a further five comment, opinion or policy columns, 14 profiles of members, Fellows, or research groups, and over thirty book reviews. Dozens more smaller articles, news items, reports from the recipients of RSB grants, and other updates were published over the three print issues.

December 2024 saw a special AI-themed issue published, with much of the content exploring the powerful possibilities and potential pitfalls of using AI in bioscience. In October two specially-commissioned articles were published as part of Black History

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Month; and since the start of 2025 an article in each print issue has focused on bioscience careers, in line with the focus of the RSB’s latest strategy. As ever, The Biologist ’s content has been hugely varied, covering everything from antimicrobial peptides to zombie parasitism.

Online, The Biologist microsite has reached 164,00 new users (to date) over the period, and received over 237,000 page views. The figures were boosted by a large spike in readers accessing our feature on cellular vaults in December 2024. This year’s article on ‘taxonomic trolling’ was also very popular on social media, attracting almost 400 reactions and over 325 shares in one week in July 2025.

A new Young and Career Advisory Board was established in early 2025 to will help provide feedback on how the Society’s younger members want to read and access the magazine (given that respondents to member surveys are often older). In September 2025 applications opened for vacancies on The Biologist’s editorial board, with many current members due to step down from the board in 2026.

Reproduction Biology , published in April 2025, is the latest title in the Oxford Biology Primers series, produced in partnership with Oxford University Press. There are currently 21 published titles in the series, with a further 29 in production or being commissioned or written. The Foundation strand, aimed at readers aged 16-19, remains available in print on demand, whilst titles aimed at bioscience undergraduates are now part of OUP’s digital Science Trove collection.

Professor Mark Winterbottom (University of Cambridge) has continued his term as Editor in Chief of the Journal of Biological Education , leading the international Editorial Board and overseeing the publication of five issues during the financial year. The journal has seen its Impact Factor grow to an impressive 1.4, with increases in submissions, downloads and citations. This year’s annual RSB Editorial was contributed by RSB Trustee and Curriculum Committee member Dr Helen Watson, on the theme of “Evolving UK Biology Education”.

Emerging Topics in Life Sciences , published by Portland Press on behalf of the Biochemical Society and the Royal Society of Biology, will be ceasing publication. Volume 9 (2025) will be the final volume of the journal.

The journal has provided short reviews on diverse subjects across the life sciences – from archaeal biology and climate change to regenerative medicine and sustainable agriculture – and achieved an Impact Factor of 3.8. All published content will remain accessible as an archive for future reference.

The decision to close the journal reflects challenges in securing content amid an evolving publishing landscape and competing demands on researchers’ time.

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Continued publication of the journal was not financially viable, but the closure carries no financial cost to RSB. The owner societies have extended sincere thanks to all authors, reviewers, Guest Editors and Editorial Board members for their contributions to the journal’s success. RSB and the Biochemical Society/Portland Press will focus on their other publications and activities to ensure ongoing support for their communities.

The RSB has partnered with publisher Franklin, Watts and Wayland to produce two children’s biology books, aimed at readers aged 8 plus, for publication in 2025-26. Your Expert Guide: The Human Body For Young Scientists and Your Expert Guide: Biology For Young Scientists form part of a series that also includes two titles each in physics and chemistry. Exploring key topics through clear, engaging text and thoughtfully-designed illustrations, the books introduce foundational concepts aligned with the RSB’s 5–19 curriculum goals and are suitable for both classroom use and independent reading.

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

WORK OF COMMITTEES, SPECIAL INTEREST GROUPS (SIGs) & PARTNERSHIPS

Diversity & Inclusion Working Group (DIWG)

The DIWG continues to provide a forum for representatives from MOs to share best practice and resources, and to engage in dialogue on specific EDI barriers and opportunities. Meetings this year included: a Clear Company facilitated workshop on evidence-based, best-practice EDI solutions and strategies relevant to RSB's MOs, held at a hybrid meeting hosted by the Zoological Society of London (ZSL); a discussion showcasing international perspectives on EDI, with speakers representing the USA, South Africa and Europe sharing their experiences and different approaches to advocating for EDI internationally; and a discussion on diverse people and careers in STEM, with RSB and external careers-focused projects showcased.

UK Bioscience Sector Coalition (UKBSC)

The Society provides secretariat and host organisation function to the UK Bioscience Sector Coalition (UKBSC), which represents the collective views of the bioscience sector with an interest in the use of animals in research, recognising that good science and good animal welfare go hand-in-hand. UKBSC comprises an organisational membership that reflects the perspective of academia, industry, small and medium enterprises, animal welfare specialists, research charities and research funders involved in animal research. UKBSC fosters a two-way communication between relevant Government agencies and the animal science community, to achieve the generation and implementation of legislation that is fit for purpose. The group meets regularly with the Home Office through the year, alongside meetings and communications with other Government departments and related bodies, as relevant and necessary, including the Department for Science, Innovation and Technology (DSIT) and the Office for Life Sciences (OLS) this year. UKBSC Co-Chairs also meet with the Animals in Science Committee (ASC) chair annually, and maintain communications through the year, including formal responses to relevant commissioned calls for evidence.

Biology Education Research Group (BERG)

Dr Caroline Smith FRSB and Fran Gale MRSB, BERG co-chairs, hosted an annual day of talks at the Association for Science Education Conference. This provides an opportunities for BERG members to present their research at a national conference, and for RSB to promote the education policy activities of the Society. BERG has created a more structured approach of working groups on plant science, secondary education, higher education and initial teacher education.

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Curriculum Committee

Led by a new Chair, Professor Dudley Shallcross OBE FRSB, the curriculum committee have been called upon to comment on curriculum and qualification reform in England, Northern Ireland, Scotland and Wales. The advice of the committee draws on Evolving 5-19 Biology and seeks to consider the recommendations within that in the context of each of the nations.

Education Policy Advisory Group (EPAG)

Previously chaired by the Head of Education Policy, EPAG is now chaired by Dr Andrew Shore FRSB. Member organisations continue to welcome the opportunity to share their current and upcoming education related activity, keep up to date with the education policy landscape and input into policy development at RSB.

Teaching Policy Advisory Group (TPAG)

The Teaching Policy Advisory Group, new in 2024, is now a well-established committee of RSB, providing advice on teacher recruitment, retention, initial training and CPD. Dr Liz Lakin FRSB chairs the group, and has supported plans to bring together the work of MPA colleagues on the ways teachers interact with RSB and seeking to signpost teacher resources from RSB Member Organisations.

Heads of University Biosciences (HUBS)

The 2025 HUBS Annual Meeting took place at Coventry University. Speakers included Ian Dunn, Quintin McKellar, David Kernohan and Sherif El-Khamisy . At the meeting the 2024/25 HE Bioscience Teacher of the Year Award was presented to Dr Sobia Kauser. The meeting was well attended, with around 70 delegates joining in-person over the course of the two days.

HUBS continued to sponsor workshops over the course of the previous year, including:

There are three HUBS advisory groups - Early Career Lecturers in Biosciences (ECLBio), Bioscience Awarding Gap Network (BAG) and the Biosciences Educators' Network (BEN), who continue to meet, offer workshops and report into the HUBS executive.

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

The Natural Capital Initiative (NCI)

NCI is a partnership project with the Centre for Ecology and Hydrology, and the James Hutton Institute, with RSB providing secretariat and host organisation. NCI webinars this year featured speakers and discussion on embedding natural capital in the built environment; and exploring how science can play a pivotal role in combating biodiversity loss in agriculture and shaping policy recommendations. The latter event ran in collaboration with the H2020 FRAMEwork project, and was attended by representatives of a variety of different sectors. All event recordings are available on the RSB YouTube channel. The current initiative MOU concludes end 2025, with next strategic steps in discussion.

Unpaid Volunteers

The Society continued to benefit from the work of many volunteers during the year. More than 350 members served on committees and judging panels across the UK. Council records its sincere thanks.

FINANCIAL REVIEW

Total income was £3,191k (2024: £3,438k) which is less than last year due to receiving a generous legacy in 2024. Professional service income increased as expected with membership income holding steady. Individual membership grew to record levels with retention remaining high across all grades, especially Fellows at 94%. Expenditure was carefully controlled and on budget at £3,533K (2024: £3,252k). The budgeted operating deficit was £342k (2024: surplus of £186k).

The trustees continue to invest primarily in equities through the CCLA ethical fund. It was a challenging year for investment which delivered a £67k unrealised loss at the 30 September 2025 valuation point.

The total deficit for the year is therefore recorded as £409k (2023: surplus of £343k)

No deficit recovery plan was required for the closed defined benefit pension scheme which remained in surplus.

Total funds stood at £1,759k (2024: £2,168k) on 30 September 2025 being made up of £138k restricted funds (2024: £121k) and £1,621k of unrestricted funds (2024: £2,047k).

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

INVESTMENT POLICY AND RETURNS AND RESERVES POLICY

Following detailed financial planning the trustee set a reserve policy of three months unrestricted operating costs (+/- 20%) as a designated reserve fund that can be liquidated within 30 days. It is set at £500k for 2024/25 with the unrestricted reserves held at year-end further exceeding this amount. During the year £250k was retained in a COIF Charities Deposit Fund, (withdrawals on demand). All other funds were held in cash or investments which could be accessed within seven days or less. Cash flow forecasting and monitoring was used to ensure compliance with the reserves policy. The lowest level of cash available within seven days during the year was £1,767k.

Council agreed a medium to low risk approach to investment with a range of cash funds as described above and a medium term investment vehicle with CCLA using its actively managed balanced ethical fund primarily consisting of global equities. At 30 September 2025 this was valued at £1,330k. This included £67k of unrealised investment losses during the year.

Defined Benefit Pension Scheme

The Society has adopted the full requirements of the financial Reporting Standard 102, Retirement Benefits Plan, by recognising actuarial gains / losses in the statement of financial activities. In addition, the charity recognises any deficit on the pension scheme as a liability on the Balance Sheet. At 30 September 2025 the Society had a pension scheme surplus of £511k (2024: £507k) calculated in accordance with FRS102. This surplus is not recognised on the Balance Sheet and thus recorded as £nil (2024: £nil).

Risk Management

The trustees maintain a full risk register which is reviewed annually by Council, biannually by the Finance, Audit and Risk Committee and at least quarterly by the senior management team. Separate registers are held for events, accreditation, branches, office relocation and IT. One key risk remains a reliance on 13 partner organisations for £235k of income but this continues to be mitigated through income diversification in professional services in particular. Another key risk is ensuring long term financial stability which is being mitigated through launching a new income growth programme aimed at generating surplus budget positions within five years. Trustees have noted the risk of outdated CRM provision as technology evolves and have set aside £250k in a designated fund to cover future development costs. A planned change from hybrid to remote working presents another risk, but is being carefully managed through clear

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

policies and a strong internal engagement programme ensuring all staff are engaged with the Societies priorities as well as with each other.

STAFF & OFFICE

The Trustees record their appreciation of the efforts of the staff, who have again made an enormous contribution to the success of the Society during the year. The Society operates a four-day working week whilst remaining open for five days and the Society vacated its office space on 10 August 2025 to become fully remote, with hot-desk space available at Impact Hub, Euston.

INFORMATION AVAILABLE TO THE AUDITORS

In the case of each person who was a Trustee of the charity at the date when this report was approved:

AUDITOR - HaysMac LLP continued to serve as the Society’s auditors for an eighth year, having been reappointed at the May 2024 AGM.

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THE ROYAL SOCIETY OF BIOLOGY TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 STATEMENT OF TRUSTEES. RESPONSIBILrrxES The Trustees are responsible for preparing the Trustees, annual report and the financlal statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practice). Charlty law ￿qUireS the Trustees to prepare flnanclal statements for each financlal year that give a true and falr view of the state of affairs of the charlty and of the incoming resource5 and appllcatlon of resources of the charity for the year. In preparing those financlal statements the Trustees are requlred to: select suitable accounting pollcies and then apply them consistentlyi observe the methods and principles in the Charitles SORP (Statement of Recommended Practice). make Judgments and accounting estimates that are reasonable and prudent; prepare the flnancial statements on the going con￿rn basis unless It Is inapproprlate to presume that the charlty wlll continue in business. The Trustees are responsible for keeplng accountlng records that are sufficient to show and explain the charity's transactions and disclose wlth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statement5 comply wlth the Charltles Act 2011 and ￿gUlationS made thereur)der. They are also ￿sponsible for safeguarding the assets of the charlty and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularitles. The Trustees are responslble for the maintenance and Integrlty of the flnanclal information included on the charity's website. Legislatlon in the United Kingdom governlng the p￿paratIOn and dissemination of the financial statements and other informatlon included in annual reports may dlffer from legislation in other jurisdictions. On behalf of the Trustees: Professor Sir Ian Boyd FRSB P￿sident 18 March 2026 28

THE ROYAL SOCIETY OF BIOLOGY INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF THE ROYAL SOCIETY OF BIOLOGY FOR THE YEAR ENDED 30 SEPTEMBER 2025

Opinion

We have audited the financial statements of The Royal Society of Biology for the year ended 30 September 2025, which comprise Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work

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THE ROYAL SOCIETY OF BIOLOGY INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF THE ROYAL SOCIETY OF BIOLOGY FOR THE YEAR ENDED 30 SEPTEMBER 2025

we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement (set out on page 28), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to regulations related to regulatory requirements for GDPR, the Charities Act 2011 and the charity’s Royal Charter, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011, payroll and sales taxes and Charities SORP.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to revenue and management bias in accounting estimate and application of controls around authorisation of expenditure and payments. Audit procedures performed by the engagement team included:

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THE ROYAL SOCIETY OF BIOLOGY INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF THE ROYAL SOCIETY OF BIOLOGY FOR THE YEAR ENDED 30 SEPTEMBER 2025

– Inspecting correspondence with regulators and tax authorities;

– Discussions with management including consideration of known or suspected instances of noncompliance with laws and regulation and fraud;

– Evaluating management’s controls designed to prevent and detect irregularities;

– Identifying and testing journals, in particular journal entries posted by management with unusual descriptions and those around the year end; and

– Challenging assumptions and judgements made by management in their critical accounting estimates.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity’s trustees as a body for our audit work, for this report, or for the opinions we have formed.

HaysMac LLP 10 Queen Street Place Statutory Auditors London EC4R 1AG

Date: 24th March 2026

HaysMac LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025

Total Total
Unrestricted Restricted Funds Funds
Notes Funds Funds 2025 2024
£’000 £’000 £’000 £’000
INCOME FROM:
Donations and legacies 3 89 142 231 475
Charitable activities: 4
Membership and subscription services 1,973 - 1,973 1,973
Accreditation & examination fees 771 - 771 732
Journals 42 - 42 34
Education - - - 4
Courses & events 53 - 53 40
--------------------- ------------------ --------------------- ---------------------
Total charitable activities 2,839 - 2,839 2,783
Other trading activities 5 62 - 62 123
Investment income 6 59 - 59 57
--------------------- ------------------ --------------------- ---------------------
Total income 3,049 142 3,191 3,438
========== ========= ========== ==========
EXPENDITURE ON: 7
Raising funds 54 - 54 48
Charitable activities:
Membership subscriptions & services 1,499 - 1,499 1,457
Accreditation & exams 494 61 555 481
Journals 364 - 364 345
Education 541 64 605 533
Courses & Events 456 - 456 388
--------------------- ------------------- --------------------- ---------------------
Total charitable activities 3,354 125 3,479 3,204
--------------------- ------------------ --------------------- ---------------------
Total expenditure 3,408 125 3,533 3,252
========== ========= ========== ==========
Net (expenditure)/income before (359) 17 (342) 186
net gains on investments
Gains/(losses) on investments 13 (67) - (67) 157
--------------------- ------------------ --------------------- ---------------------
Net (expenditure)/income for the year (426) 17 (409) 343
Transfers between funds - - - -
Net (expenditure)/income before --------------------- ----------------- --------------------- ---------------------
other recognised gains and losses (426) 17 (409) 343
Actuarial (losses)/gains on defined 10 - - - -
benefit schemes
--------------------- ------------------ --------------------- ---------------------
Net movement in funds (426) 17 (409) 343
Funds brought forward at 1 October 2024 2,047 121 2,168 1,825
--------------------- ------------------ --------------------- ---------------------
Funds carried forward at 30 September 2025 1,621 138 1,759 2,168
========== ========= ========== ==========

All amounts relate to continuing operations. Full comparatives are included in note 2.

The Society has no gains or losses other than the result for the period. The notes on pages 35-49 form part of these financial statements.

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THE ROYAL SOCIETY OF BIOLOGY BALANCE SHEET AS AT 30 SEPTEMBER 2026 2025 £000 2024 £000 Noles FIXED ASSETS Tangible fixed assets Investments 12 13 65 1,398 1,330 CURRENT ASSErs 1,463 Debtors Cash at bank and in hand 14 3S8 587 695 458 Current Llabllftles Creditors: amounts falllng due within one Year 1,153 15 1487) 13971 N•t Currnnt Assets 458 756 Total Assets le88 Currnnt LlabllA188 1,822 2,219 Cr￿lt0￿.. Amounts falling due after more than one year 16 163) 1511 Net Assets excluding pension IlabS1ty 1,759 2,168 Pgnsion Ideflcltl on defined benofft schom• 10 Not As80ts 1,759 2,168 Fund•: Rostrl¢tod Funds 19 138 121 Unrostrictsd Funds General Fund Designated Funds.. Pension ReseNe Funds Revenue Reserve Funds 802 1,331 18 18 819 716 Tolal unrestricted funds 1,621 2,047 Total Fund• 1,769 2,168 The flnanclal statements were approved and authorlsed for Issue by the Board of Trustees,on 18 March 2026 and were slgned on Its behalf by.. Dr L Leong r Paul Gemmill Honorary Treasurer Honorary Secretary The notes on pages 35-_49 form part of these finanoal statements. 33

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2025 2024 2024
Notes £000 £000 £000 £000
Cash flows from operating activities:
Net cash provided by/(used in) operating A 83 (269)
activities
Cash flows from investing activities:
Interest and dividends from investments 59 51
Proceeds from fixed assets - 7
(Purchase) of fixed assets (13) (6)
Proceeds from sales of investments - 200
--------------------- ---------------------
Cash from/(used in) investing activities 46 252
--------------------- --------------
Change in cash and cash equivalents in
the year 129 (17)
--------------------- ---------------
Cash and cash equivalents at the beginning 458 475
of the year
--------------------- ----------------
Cash and cash equivalents at the end of
the year B 587 458
========== ===========
A. Reconciliation of net (expenditure)/income to net cash flow from operating activities
2025 2024
£’000 £’000
Net (expenditure)/income for the reporting period (as per the statement of (409) 343
financial activities)
Depreciation 25 47
Interest and dividends from investments (59) (51)
(Gain)/Losses on investments 67 (157)
Loss on sale of tangible fixed assets 21 15
(Increase)/decrease in debtors 336 (329)
(Decrease)/Increase in creditors 102 (137)
--------------------- ---------------------
Net cash provided by/(used in) operating activities 83 (269)
========== ==========
B. Analysis of cash and cash equivalents
30
1 October Cash September
2024 Flow 2025
£’000 £’000 £’000
Cash in bank and in hand 458 129 587
--------------------- --------------------- ---------------------
458 129 587
========== ========== ==========

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THE ROYAL SOCIETY OF BIOLOGY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. ACCOUNTING POLICIES

(a) Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition effective 1 January 2019) - (Charities SORP (FRS102)).

The charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The Society is incorporated under Royal Charter and a charity registered with the Charity Commission in England and Wales.

The financial statements reflect the requirements of the Charities Act 2011 and the Royal Charter.

Basis of Consolidation

These financial statements give information on the Society as a single entity. The Society is exempt from preparing group accounts, as the subsidiary Biology Ltd has remained dormant throughout the year.

b) Going Concern

Based on the level of reserves, the trustees consider that there are no material uncertainties about the charity’s availability to continue as a going concern. The trustees do not consider that there are any sources of uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

The trustees have reviewed the future budgets and cash flows of the Society in reaching their conclusion. As this includes membership fees and accreditation fees, which represent the majority of the Society’s income they remain confident that cash flow will remain strong for the next 12 months and beyond.

c)

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met. It is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until criteria for income recognition are met.

d)

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

e) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity, which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations, which the donor has specified, are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount

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THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

f)

Expenditure and irrecoverable VAT (continued)

g) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. Support costs have been allocated to activities on the basis of employment costs.

h) Tangible fixed assets

Items of equipment are depreciated to write off assets over their expected useful lives. These are estimated to be:

Leasehold improvements – over the life of the lease (7 years) Fixtures and fittings – 5 years Computer equipment and software – 3 years

The works of art capitalised in the balance sheet are shown at replacement value based on the valuation for insurance purposes.

i)

Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measure at their fair value as at the balance sheet date. Any change in their value will be recognised in the statement of financial activities.

Investments are made, as required by the Royal Charter, in accordance with the provisions of the Trustee Act 2000.

j)

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Branch Funds

The funds of the Society’s branches are included in the accounts on a line-by-line basis.

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THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. ACCOUNTING POLICIES (continued)

n) Reserves

The retention of surpluses as general reserves is necessary to provide working capital, and provide for items of expenditure that do not occur annually. The required nonrecurring expenditure level is calculated at three month’s expenditure (+/- 20%) and the required non-recurring expenditure reserve level is calculated by estimates of future expenditure requirements.

o) Pension Costs

The Society operates a defined benefit pension scheme, which was closed to current members on 31 March 2006. Contributions payable to this scheme are charged in the statement of financial activities so as to spread the cost of the pension over the employees working life. The pension is calculated on the basis of actuarial advice. These contributions are invested separately from the society’s assets, with an insurance company.

Contributions payable to the Society’s defined contribution schemes are charged to the Statement of Financial Activities during the year incurred.

p) Operating Leases

Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged to the statement of financial activities as incurred.

q) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measure at their settlement value.

r) Estimates and judgements

In preparing these financial statements, the trustees have made judgements, estimates and assumptions that affect the application of the charities accounting policies and the reported assets, liabilities, income and expenditure and the disclosures made in the financial statements. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. DETAILED PRIOR YEAR COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

2.
DETAILED PRIOR YEAR COMPAR
ACTIVITIES
ATIVES FOR THE STAT EMENT OF F INANCIA
Total
Unrestricted Restricted Funds
Notes Funds Funds 2024
£’000 £’000 £’000
INCOME FROM:
Donations and legacies 3 388 87 475
Charitable activities: 4
Membership and subscription services 1,973 - 1,973
Accreditation & examination fees 732 - 732
Journals 34 - 34
Education 4 - 4
Courses & events 40 - 40
--------------------- ------------------ ---------------------
Total charitable activities 2,783 87 2,783
Other trading activities 5 123 - 123
Investment income 6 57 - 57
--------------------- ------------------ ---------------------
Total income 3,351 87 3,438
========== ========= ==========
EXPENDITURE ON: 7
Raising funds 48 - 48
Charitable activities:
Membership subscriptions & services 1,457 - 1,457
Accreditation & exams 481 - 481
Journals 345 - 345
Education 382 151 533
Courses & Events 388 - 388
--------------------- ------------------ ---------------------
Total charitable activities 3,053 151 3,204
--------------------- ------------------ ---------------------
Total expenditure 3,101 151 3,252
========== ========= ==========
Net (expenditure)/income before 250 (64) 186
net gains on investments
Realised gains/(losses) on fixed assets - - -
Unrealised gains/(losses) on investments 13 157 - 157
--------------------- ------------------ ---------------------
Net (expenditure)/income for the year 407 (64) 343
Transfers between funds - - -
Net (expenditure)/income before --------------------- ----------------- ---------------------
other recognised gains and losses 407 (64) 343
Actuarial (losses)/gains on defined 10 - - -
benefit schemes
--------------------- ------------------ ---------------------
Net movement in funds 407 (64) 343
Funds brought forward at 1 October 2023 1,640 185 1,825
--------------------- ------------------ ---------------------
Funds carried forward at 30 September 2024 2,047 121 2,168
========== ========= ==========

38

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. INCOME FROM DONATIONS AND LEGACIES

2025 2024
£’000 £’000
Grants 209 176
Donations & legacies 1 274
Sponsorship 21 25
--------------------- ---------------------
231 475
========== ==========

4. INCOME FROM CHARITABLE ACTIVITIES

2025 2024
£’000 £’000
Members subscriptions & services
Subscriptions 1,973 1,973
--------------------- ---------------------
Total 1,973 1,973
--------------------- ---------------------
Accreditation & exams
Fees 771 732
--------------------- ---------------------
Total 771 732
Journals
Subscriptions 42 34
--------------------- ---------------------
Total 42 34
Education
Invoiced sales - 4
--------------------- ---------------------
Total - 4
Courses & events
Event income - 1
Course fees 53 39
--------------------- ---------------------
Total 53 40
--------------------- ---------------------
Total income from charitable activities 2,839 2,783
========== ==========

39

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

5 INCOME FROM OTHER TRADING ACTIVITIES

5 INCOME FROM OTHER TRADING ACTIVITIES
2025 2024
£’000 £’000
Facilities hire 9 29
Other income 53 94
--------------------- ---------------------
62 123
========== ==========
6. INCOME FROM INVESTMENTS
2025 2024
£’000 £’000
Bank interest - -
Investment income 59 57
--------------------- ---------------------
59 57
========== ==========

7. ANALYSIS OF EXPENDITURE

Accreditation
Cost of Membership and
Raising Subscriptions Examination Courses Support 2025
Funds & Services fees Journals Education & Events Costs Total
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Staff costs 54 1,007 197 175 493 263 54 2,242
Direct costs - 175 196 135 50 111 - 668
Travel - - - - - - 15 15
Premises - - - - - - 305 305
Office costs - - - - - - 45 45
IT - - - - - - 162 162
Depreciation/ - - - - - - 44 44
Irrecoverable VAT
Governance costs - - - - - - 52 52
----------- ------------- ------------- ---------------- ------------ --------------- ----------- -----------
54 1,182 393 310 543 374 677 3,533
Support costs - 317 162 54 62 82 (677) -
----------- ------------- ------------- ---------------- ------------ --------------- ----------- -----------
Total expenditure 2025 54 1,499 555 364 605 456 - 3,533
========= ========= ========= ============ ========= ========= =========
=========
Accreditation
Cost of Membership and
Raising Subscriptions Examination Courses Support 2024
Funds & Services fees Journals Education & Events Costs Total
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Staff costs 48 920 180 160 452 240 48 2,048
Direct costs - 222 141 131 21 68 - 583
Travel - - - - - - 20 20
Premises - - - - - - 280 280
Office costs - - - - - - 37 37
IT - - - - - - 184 184
Depreciation/ - - - - - - 69 69
Irrecoverable VAT
Governance costs - - - - - - 31 31
----------- ------------- ------------- ---------------- ------------ --------------- ----------- -----------
48 1,142 321 291 473 308 669 3,252
Support costs - 315 160 54 60 80 (669) -
----------- ------------- ------------- ---------------- ------------ --------------- ----------- -----------
Total expenditure 2024 48 1,457 481 345 533 388 - 3,252
========= ========= ========= ============ ========= ========= =========
=========
40

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

8. NET (EXPENDITURE) / INCOME FOR THE YEAR

2025 2024
£’000 £’000
Net (expenditure)/income is stated after charging for:
Depreciation 25 47
Auditor’s remuneration:
Audit fees 16 15
Other services 3 2
Irrecoverable VAT 19 22
Operating lease rentals – land and buildings 155 172
Trustees Expenses - 5
---------------------- ----------------------
STAFF COSTS
2025 2024
£’000 £’000
Salaries and wages 1,766 1,661
Social security costs 193 160
Employer’s contribution to defined contribution pension schemes 154 150
Defined benefit pension schemes costs 54 44
Training 26 21
Recruitment 42 4
Other staff costs 7 6
-------------- --------------
2,242 2,046
======== ========

9. STAFF COSTS

Within salaries and wages there are termination payments of £Nil (2024: £Nil).

The following number of employees received employee benefits (excluding employer pension) during the year between:

2025 2024
£’000 £’000
£180,000 to £190,000 1
£160,000 to £170,000 - 1
£70,000 to £80,000 4 2
£60,000 to £70,000 - 2

The total employee benefits including pension contributions and national insurance contributions of the key management personnel were £657,493 (2024: £382,926). The increase is due to two additional management personnel being included in the current year.

The charity trustees were not paid or received any other benefits from employment with the Trust or its subsidiary in the year (2024: £nil). 16 trustees were reimbursed travel expenses of £9,829 during the year (2024: 19 trustees were reimbursed travel expenses of £5.3k) with no trustees receiving an honoraria (2024: no trustee received £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

41

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. STAFF COSTS (Continued)

Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

2025 2024
£’000 £’000
Raising funds 1 1
Charitable activities 36 35
Support 3 3
Governance 1 1
-------------- --------------
41 40
======== ========

10. PENSION SCHEMES

The Society operates a defined contribution scheme, which is open to all members of staff. The Society’s contributions in the year amounted to £154k. There were no outstanding or prepaid contributions.

The Society operated a defined benefit scheme, which was closed to new members with effect from 2 September 2002 and was closed to further accrual of benefits with effect from 31 March 2006.

The actuarial valuation of the scheme showed that the market value of the scheme’s assets was £4,447,000 at 1 April 2023 and that the actuarial value of those assets represents 104% of the benefits that had accrued to members. The actuarial valuations were made using the attained age method.

The accounting standard for retirement benefits, FRS 102, has been fully implemented in these accounts. The Society instructed a qualified and independent actuary to make valuation of pension scheme liabilities using the projected unit method.

Employee Benefit Obligations

The amounts recognised in the balance sheet are as follows:

2025 2024
£’000 £’000
Fair value of scheme assets 1,784 1,939
Present value of scheme liabilities 1,273 (1,432)
Irrecoverable surplus on pension scheme (511) (507)
---------------- ----------------
(Deficit)/Surplus - -
======== ========

Following advice from the scheme actuary, the pension scheme asset has not been recognised in the Society’s accounts on the basis that it is irrecoverable.

42

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

10. PENSION SCHEMES (Continued)

Changes in the present value of the defined benefit
obligations are as follows:
2025 2024
£’000 £’000
Opening defined benefit obligation 1,432 1,354
Movement in the year
Interest cost 71 72
Benefits paid and death in-service premiums paid (75) (23)
Expenses - -
Actuarial (gains)/losses (155) 29
------------------- -------------------
Closing defined benefit obligation 1,273 1,432
========= ========
Changes in the fair value of plan assets are as
follows:
Opening fair value of plan assets 1,939 1,776
Interest income 97 94
Actuarial gains/(losses) (177) 109
Contributions by the Society - -
Expenses paid - (17)
Benefits paid (75) (23)
------------------- -------------------
1,784 1,939
========= =========
The major category of plan assets is
Equities/diversified 15 14%
Bonds & gilts 83% 84%
Cash 2% 2%
The principal actuarial assumptions at the balance
sheet date were
Allowance for commutation of pension 20% 20%
Discount rate 5.95% 5.1%
Inflation assumption 2.8% 3.0%
Amount charged within expenditure £’000 £’000
Current service cost
Expenses - 17
Net interest cost - -
------------------- -------------------
- 17
========= =========

43

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

10. PENSION SCHEMES (Continued)

The mortality assumptions adopted at 30 September 2025 imply the following life expectancies:

Amount charged within resources expended Life expectancy at age 60
(Years)
2025 2024
Male retiring in 2023 27.7 27.5
Female retiring 2023 30.2 30.3
Male retiring in 2039 26.1 25.9
Female retiring in 2039 28.7 28,8
2025 2024
£’000 £’000
Analysis of amount recognised in other recognised
gains & losses
Difference between expected and annual return on
scheme assets
Amount: Gain/(Loss) (177) 109
Experience gains and losses arising on the scheme
liabilities
Amount: Gain/(Loss) 3 (18)
Effects of changes in the demographic and financial
assumptions underlying the present value of the scheme
liabilities:
Amount: Gain/(Loss) 152 (11)
Total actuarial gains and losses before restriction due to 22 (63)
some of the surplus not being recognisable
------------------- -------------------
Amount: Gain/(Loss) - 17
Effect of limit on amount of surplus recognised
Due to some of the surplus not being recognisable - (17)
------------------- -------------------
Total amount recognised in other recognised gains and - -
losses
========= ========

The best estimate of contributions be paid by the Charity for the year beginning after 30th September 2025 is £Nil (2024: £Nil).

11 BRANCH FUNDS

Reports have been received from the four branches who operate their finances independently. The other branches use centralised facilities. The total cash at bank and in-hand held by the four reporting branches at the balance sheet date was £nil (2024: £4,491), this is due to RSB Council decision to dissolve the branch structure which was completed in this financial year.

44

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

12. TANGIBLE FIXED ASSETS

Leasehold Fixtures & Computer Works of
Improvements Fittings Equipment Art Total
£’000 £’000 £’000 £’000 £’000
Cost or valuation
At 1 October 2024 198 33 112 18 361
Additions - - 13 - 13
Disposals (198) (33) (58) - (289)
-------------------- -------------------- -------------------- -------------------- --------------------
At 30 September 2025 - - 67 18 85
-------------------- -------------------- -------------------- -------------------- --------------------
Depreciation
At 1 October 2024 166 30 100 - 296
Charge for the year 15 1 9 - 25
Disposals (181) (31) (58) - (268)
-------------------- -------------------- -------------------- -------------------- --------------------
At 30 September 2025 - - 51 - 53
-------------------- -------------------- -------------------- -------------------- --------------------
Net Book Value
At 30 September 2025 - - 16 18 34
========== ========= ========== ========== ==========
At 30 September 2024 32 3 12 18 65
========== ========= ========== ========== ==========

All tangible fixed assets are for direct charitable use.

Works of Art:

The Society holds works of Art, which were valued by Coram James Limited (Art & Antique Valuers) on 2 April 2019 at replacement value for insurance purposes. The Trustees have not identified any material change in the valuation since this date.

13. INVESTMENTS

2025 2024
£’000 £’000
Market value at 1 October 2023 1,398 1,441
Additions in the year - -
Disposals - (200)
Gain/(loss) in the year (67) 157
------------------- -------------------
Market value at 30 September 2024 1,330 1,398
========= =========
Investments at market value comprised:
Equities 1,330 1,398
------------------- -------------------
1,330 1,398
========= ========

45

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

14. DEBTORS
2025 2024
Due within one year £’000 £’000
Trade Debtors 108 101
Other debtors 5 94
VAT 13 3
Prepayments and accrued income 232 497
------------------- -------------------
358 695
========= ========
15. CREDITORS: amounts falling due within one year
2025 2024
Due within one year £’000 £’000
Subscriptions and fees in advance 228 205
Accruals 106 57
Trade creditors 81 62
Taxation and social security costs 62 43
Other creditors 10 30
------------------- -------------------
487 397
========= ========
2025 2024
Deferred income £’000 £’000
Balance at the beginning of the year 205 188
Amount released to income in the year (205) (188)
Amount deferred in the year 228 205
------------------- -------------------
Balance at the end of the year 228 205
========= ========

Membership fees are collected on 1 October, 1 January, 1 April and 1 July. Only fees paid on 1 October coincide with the financial year - others are partly accrued. For example, a fee paid on 1 April is applied 50% to the current financial year and 50% to the next. Similarly, some plant health grant income and accreditation fees cover work completed in the following financial year and are also partly accrued.

16. CREDITORS: amounts falling due after more than one year

2025 2024
Due after more than one year £’000 £’000
Life membership fund 63 51
------------------- -------------------
2025 2024
Deferred income £’000 £’000
Balance at the beginning of the year 51 47
Amount released to income in the year (5) (4)
Amount deferred in the year 17 8
------------------- -------------------
Balance at the end of the year 63 51

46

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS – 2025

Unrestricted Restricted Total
Funds Funds 2025
£’000 £’000 £’000
Fixed Assets 1,364 - 1,364
Net current assets 320 138 458
Long term liabilities (63) - (63)
--------------------- ------------------ ---------------------
1,621 138 1,759
========== ========= ==========

ANALYSIS OF NET ASSETS BETWEEN FUNDS – 2024

Unrestricted Restricted Total
Funds Funds 2024
£’000 £’000 £’000
Fixed Assets 1,463 - 1,463
Net current assets 635 121 756
Long term liabilities (51) - (51)
--------------------- ------------------ ---------------------
2,047 121 2,168
========== ========= ==========

18. DESIGNATED FUNDS - 2025

At 1 At 30
October Income/ Expenditure Transfers September
2023 Gains /Losses in/(out) 2025
£’000 £’000 £’000 £’000 £’000
Working Capital 500 - - - 500
HUBS 66 30 (25) - 69
IT & CRM Development 150 - - 100 250
Pension Reserve - - - - -
--------------------- --------------------- ------------------ --------------------- ---------------------
716 30 (25) 100 819
========== ========== ========= ========== ==========

DESIGNATED FUNDS – 2024

At 1 At 30
October Income/ Expenditure Transfers September
2023 Gains /Losses in/(out) 2024
£’000 £’000 £’000 £’000 £’000
Working Capital 500 - - - 500
HUBS 70 33 (37) - 66
IT & CRM Development - - - 150 150
Pension Reserve - - - - -
--------------------- --------------------- ------------------ --------------------- ---------------------
570 33 (37) 150 716
========== ========== ========= ========== ==========

47

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

18. DESIGNATED FUNDS – 2025 (continued)

Working capital

The Council of the Society use three months’ expenditure as an appropriate minimum level of cash for working capital. This covers expenditure on staff and core overheads such as space and equipment rental, travel and office costs. The trustees have maintained this at a £500k level for FY 2024-25.

HUBS

Heads of University Biosciences (HUBS) is a Special Interest Group of the Royal Society of Biology and aims to address the particular challenges of managing biological and life science departments and units in UK higher education (HE). HUBS acts as a forum for discussing relevant national issues and as a source of informed comment. HUBS runs an annual meeting for members, the Bioscience Teacher of the Year Award, and supports the Early Career Lecturers Forum.

IT & CRM Development

The Society operates a bespoke Customer Relationship Management (CRM) system developed under contract, based on open source tools and standards. It has been operating since 2012, evolving every year. Technology changes mean the system must be replaced over the course of the new five year strategy to 2030, ideally within three years. Council have agreed that a designated fund, initially of £250k, should be made available for this work. As a minimum, initial scoping will commence during FY25-26.

19. RESTRICTED FUNDS - 2025

At 1 At 30
October Transfers September
2023 Income Expenditure in/(out) 2025
£’000 £’000 £’000 £’000 £’000
Natural Capital Initiative 41 - (10) - 31
The John Barker Educational 80 - (54) - 26
fund
Plant Health grant - 117 (61) - 56
Biology Tomorrow - 25 - - 25
--------------------- --------------------- --------------------- --------------------- ---------------------
121 142 (125) - 138
========== ========== ========= ========== ==========

John Barker, an editor of the RSB’s JBE journal for almost 25 years, generously provided a legacy of £228k in 2023. This is being used to further biology education in all forms from curriculum improvement to UK-wide policy development. The trustees aim to spend the remainder of the fund over the next two financial years to Sept 2027.This year £54k (2024: £62k) supported 80% of the cost of two education policy roles at the Society and 10% of the Head of Education’s cost for supervision.

The plant health grant is funding provided by DEFRA (Department for Environment, Food and Rural Affairs) and managed by FERA Science. It promotes an understanding of, and action in, Plant Health through networks, Summer studentships and professional registration. A new grant covering a four year period commencing in FY 24-25 was awarded at a total value of £610k.

The Biologist of Tomorrow is a project co-funded between the RSB and six other organisations. It will identify the future skills requirement of those working in the biology sector and will inform the RSB's future work on supporting skills development.

Natural Capital Initiative (NCI) develops a series of workshops and policy positions on the use and value of natural capital.

48

THE ROYAL SOCIETY OF BIOLOGY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

No new funds were received to be spent this FY. The secretariat group agreed the remaining fund will be put towards delivery of a series of workshops, with reassessment of the fund and delivery annually.

19. RESTRICTED FUNDS - 2024

At 1 At 30
October Transfers September
2023 Income Expenditure in/(out) 2024
£’000 £’000 £’000 £’000 £’000
Natural Capital Initiative 43 - (2) - 41
The John Barker Educational 142 - (62) - 80
fund
Plant Health grant - 87 (87) - -
--------------------- --------------------- --------------------- --------------------- ---------------------
185 87 (151) - 121
========== ========== ========= ========== ==========

20. LEGAL STATUS OF THE CHARITY

The Society is incorporated under Royal Charter and a charity registered with the Charity Commission in England and Wales.

21. RELATED PARTY TRANSACTIONS

There are no related party transactions to disclose for 2025 (2024: nil).

There are no donations from related parties, which are outside the normal course of business, and no restricted donations from related parties.

22. OPERATING LEASE COMMITMENTS

The Society had the following future commitments under non-cancellable operating leases in respect of land and buildings at 30 September 2025:

2025 2024
£’000 £’000
Within one year - 229
Between two and five years - -
------------------- -------------------
- 229
========= ========

49