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It was established in 1865 (the first president was Augustus de Morgan) and it was granted a royal charter a century later in 1965. The Society's publications include four academic journals (the Proceedings, Journal, and Bulletin and electronic Journal of Computation and Mathematics) as well as a regular members' newsletter. It also organises mathematical conferences, provides funding to promote mathematics research and education and awards a number of prizes and fellowships for excellence in mathematical research. Specificaly the prizes are
In addition, the Society jointly with the Institute of Mathematics and its Applications awards the David Crighton Medal every three years.
The LMS was used as a model for the establishment of the American Mathematical Society in 1888.