SoR Annual General Meeting 2025 outlines progress on strategy, membership and finances

The growing membership and strong financial position were the key takeaways from the 2025 SoR Annual General Meeting (AGM), held on Tuesday 29 April. 

At the 2025 AGM, senior SoR leadership presented on society’s strategic progress, achievements and financial accounts over the last year

Held at the end of day one of the Annual Delegates Conference, the 2025 Annual General Meeting gave SoR members an opportunity to hear about the society’s strategic progress.

Achievements and progress

This year's AGM consisted of one count of general business – reviewing the minutes of the SoR's 2024 AGM, which took place on 15 April last year – and two counts of ordinary business.

The SoR passed two ordinary resolutions: that its consolidated accounts, the independent auditor's report and the directors' report for the financial year ended 30 September 2024 are considered and received, and that Crowe UK LLP is re-appointed as independent auditor of the SoR.

Richard Evans, CEO of the SoR, offered attendees a summary of the progress of the society, its achievements and challenges over the course of the previous year.

He said: “We saw continued membership growth, which is great news. Not such great news, at this time last year, we were in dispute with Westminster government over pay. Strike action for any union is a last resort. We’d much rather resolve things without going into action. But we did see amazing engagement from members firstly to vote for action and to take part in the strike.”

'We are all the SoR'

Mr Evans explained that the SoR had spent much of the year completing work on the strategy established during the pandemic and lasting through 2024. This work resulted, amongst other achievements, in a Diversity, Equity, Inclusion and Belonging action plan.

The launch of a new strategic plan, the‘Vision for Our Profession: A Strategic Framework for Radiography 2024–27,'  was planned within the previous year.

“The prior strategy was extensive, complicated and we did extremely well in meeting the objectives that were set out,” he continued. “It’s a privilege to meet and work with the UK Council – any member can be elected to UK Council. What’s extraordinary about these people is the amount of time and dedication they put in on behalf of the profession and on behalf of their patients.

“We are all the SoR. I’ve been really impressed today at ADC how many people have said ‘We’ instead of ‘you’. We are all the SoR.”

Financial accounts

The minutes of last year’s AGM were noted, and will be available to members on the SoR website after UK Council have approved them at their May meeting.

Members then received the annual accounts, the summary of which was delivered by Ian Hadlow, executive director of finance and operations.

Consolidated financial statements for the society show a surplus of £1,254,475 (2023: £180,017) with total funds at the end of the year of £14,242,193 (2023: £13,538,718). 

Operating surplus for the year was £169,786, compared to a loss of £294,914 in the previous year, primarily due to unexpectedly lower operating costs. Operating income increased by 4.7% to £9,380,114 (2023: £8,962,146). Membership income increased by 6.1% to £8,624,592 (2023: £8,128,440).

The SoR’s substantial investment portfolios represented some 81% of its total net assets at year end. Markets generated strong returns during the year, with portfolio values increasing by 9.6% to £11,550,991 (2023: £10,535,381).

Potential cost pressures

Mr Hadlow explained that operating income had increased and that the SoR maintained a strong balance sheet and investment portfolio, despite recent market volatility.

He answered members on questions of potential cost pressures, which he said would include upgrading digital architecture, and on questions of safeguarding against volatility, which he explained largely rested on the SoR’s diverse portfolio.

Members then voted in favour of reappointing Crowe UK LLP as independent auditor of the SoR.

All AGM 2025 supporting documentation can be found online here.

Minutes

Minutes of the 2025 AGM can be viewed here.

(Image: Annual Delegates Conference, by Eva Slusarek)