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THE FACULTY OF PHARMACEUTICAL MEDICINE OF THE ROYAL COLLEGES OF PHYSICIANS OF THE UNITED KINGDOM

Registered charity 1130573 · accounts filings on the Charity Commission register · also known as THE FACULTY OF PHARMACEUTICAL MEDICINE OF THE ROYAL COLLEGE OF PHYSICIANS OF THE UNITED KINGDOM

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Latest income
£2.2m
Latest spending
£2.2m
Registered
2009
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net loss of £6,277 for the year, a significant improvement from the £45,707 loss in the previous year, driven by an unrestricted operating gain of £125,779. Total funds increased to £800,370, comprising £749,316 in unrestricted funds and £51,054 in restricted funds. The trustees confirm adequate resources exist to continue operations for the next twelve months.

What the accounts disclose

Highest-paid employee band: £70,001 - £80,000 — above the median for charities its size (£70k)
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: In the band £70,001 - £80,000 2024 No. 2” — page 43
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 2
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: In the band £70,001 - £80,000 2024 No. 2” — page 43
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy
“The current level represents 2.9 months operating costs based upon budgeted expenditure for 2024 of £2,238,367.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: FPM pays an annual membership subscription to the AoMRC, which for 2024 was £20,491.
“FPM pays an annual membership subscription to the AoMRC, which for 2024 was £20,491.” — page 24
“Three trustees (2023: four trustees) received remuneration in the year of £4,510 (2023: £14,020) including VAT where applicable for providing services in relation to revalidation appraisals.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Three trustees received remuneration for appraisal/training services.
“FPM pays an annual membership subscription to the AoMRC, which for 2024 was £20,491.” — page 24
“Three trustees (2023: four trustees) received remuneration in the year of £4,510 (2023: £14,020) including VAT where applicable for providing services in relation to revalidation appraisals.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Sayer Vincent LLP. Discloses 6 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.2m
Total spending
£2.2m
Cost of raising funds
£3k
Reserves (reported)
£539k
Employees
17

Reported reserves equal ~2.9 months of spending — below 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 · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£2.2m£2.2m
31/12/2023£2.1m£2.2m
31/12/2022£1.8m£2.0m
31/12/2021£1.8m£1.8m
31/12/2020£1.6m£1.5m

Common questions

Is THE FACULTY OF PHARMACEUTICAL MEDICINE OF THE ROYAL COLLEGES OF PHYSICIANS OF THE UNITED KINGDOM financially healthy?

The accounts state that the charity reported a net loss of £6,277 for the year, a significant improvement from the £45,707 loss in the previous year, driven by an unrestricted operating gain of £125,779. Total funds increased to £800,370, comprising £749,316 in unrestricted funds and £51,054 in restricted funds. The trustees confirm adequate resources exist to continue operations for the next twelve months. Its FY2024 accounts were audited by Sayer Vincent LLP.

What does the highest-paid employee of THE FACULTY OF PHARMACEUTICAL MEDICINE OF THE ROYAL COLLEGES OF PHYSICIANS OF THE UNITED KINGDOM earn?

Per its FY2024 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 2 employees earned over £60,000.