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THE ACADEMY OF MEDICAL ROYAL COLLEGES

Registered charity 1056565 · accounts filings on the Charity Commission register

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Latest income
£1.5m
Latest spending
£1.8m
Registered
1996
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated total incoming resources of £1,507,488 and expended £1,790,190, resulting in a deficit for the year. The Trustees note that the financial position is 'almost always finely balanced' and that the deficit relates to timing differences in restricted funds, but they consider the charity to be financially viable with unrestricted reserves of £1,477,427.

What the accounts disclose

Reserves policy: nine and twelve months running costs (held: £1.5m)
“The approach used to calculate the target range of unrestricted reserves is to hold between nine and twelve months running costs. Therefore the target range for unrestricted reserves is between £948k and £1.3M.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Price Bailey LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.5m
Total spending
£1.8m
Reserves (reported)
£1.5m
Employees
16

Reported reserves equal ~9.9 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland

Income and spending

Financial year endIncomeSpending
31/03/2025£1.5m£1.8m
31/03/2024£1.5m£1.6m
31/03/2023£1.1m£1.7m
31/03/2022£1.5m£1.6m
31/03/2021£2.2m£1.3m

Common questions

Is THE ACADEMY OF MEDICAL ROYAL COLLEGES financially healthy?

The accounts state that the charity generated total incoming resources of £1,507,488 and expended £1,790,190, resulting in a deficit for the year. The Trustees note that the financial position is 'almost always finely balanced' and that the deficit relates to timing differences in restricted funds, but they consider the charity to be financially viable with unrestricted reserves of £1,477,427. Its FY2025 accounts were audited by Price Bailey LLP.