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

Setting and maintaining standards in pharmaceutical medicine for the benefit of the public

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · website · Get email alerts

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

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.
Largest income source: Education and standards (65% of income)
“In 2024 the proportion of income received relating to education and standards (including the designated body) was 65% (2023: 72%)” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £539k; policy: three-five months of FPM’s annual operating costs)
“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.

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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).

Per its annual return, largest income source: Charitable activities (98% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.2% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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?

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. 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.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
GAMBLEAWARE1£351k
SIR HALLEY STEWART TRUST1£30k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE ROYAL COLLEGE OF PHYSICIANS OF LONDON.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE FACULTY OF PHARMACEUTICAL MEDICINE OF THE ROYAL COLLEGES OF PHYSICIANS OF THE UNITED KINGDOM£2.2m£70,001 - £80,0002below—no doubt
THE ROYAL COLLEGE OF PHYSICIANS OF LONDON FY2024£44.4m——above—no doubt
BRITISH PHARMACOLOGICAL SOCIETY FY2025£9.9m£120,001 - £130,000—above—no doubt
FACULTY OF PUBLIC HEALTH OF THE ROYAL COLLEGES OF PHYSICIANS OF THE UNITED KINGDOM FY2024£2.5m——unclear—no doubt
THE COMMONWEALTH PHARMACISTS ASSOCIATION FY2025£1.7m£60,001 - £70,0002unclear—no doubt
THE FACULTY OF FORENSIC & LEGAL MEDICINE OF THE ROYAL COLLEGE OF PHYSICIANS FY2024£1.0m—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.