ASSOCIATION FOR PROJECT MANAGEMENT
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £520,313 for the year ended 31 March 2025, resulting in a reduction of total net assets from £7.4m to £6.9m. Per the trustees' report, free reserves of £3.4m remain within the Board-approved policy range of £5.5m to £9.8m, supported by an investment portfolio valued at £5.6m. The charity confirms there are no material uncertainties regarding its ability to continue in operational existence.
What the accounts disclose
“£180,001 - £190,000 1”
“The total reserve range is set between £5.5m and £9.8m (last reviewed in January 2024).” — page 10
“During the year the charity bought services from Positively Project Management amounting to £15,220 (2024: £18,130) for Chartered Project Professional assessments. Sheilina Somani is a Trustee of the charity and a director of Positively Project Management.” — page 54
“Chartered assessment services amounting to £2,475 (2024: £250) were also provided from James White, also a Trustee bringing the total of services purchased to £17,695 (2024: £18,380) from two Trustees (2024: 2).”
“During the year the charity bought services from Positively Project Management amounting to £15,220 (2024: £18,130) for Chartered Project Professional assessments. Sheilina Somani is a Trustee of the charity and a director of Positively Project Management.” — page 54
“Chartered assessment services amounting to £2,475 (2024: £250) were also provided from James White, also a Trustee bringing the total of services purchased to £17,695 (2024: £18,380) from two Trustees (2024: 2).”
“During the year the charity bought services from Positively Project Management amounting to £15,220 (2024: £18,130) for Chartered Project Professional assessments. Sheilina Somani is a Trustee of the charity and a director of Positively Project Management.” — page 54
“Chartered assessment services amounting to £2,475 (2024: £250) were also provided from James White, also a Trustee bringing the total of services purchased to £17,695 (2024: £18,380) from two Trustees (2024: 2).”
“During the year the charity bought services from Positively Project Management amounting to £15,220 (2024: £18,130) for Chartered Project Professional assessments. Sheilina Somani is a Trustee of the charity and a director of Positively Project Management.” — page 54
“Chartered assessment services amounting to £2,475 (2024: £250) were also provided from James White, also a Trustee bringing the total of services purchased to £17,695 (2024: £18,380) from two Trustees (2024: 2).”
“The charity’s wholly-owned subsidiary, Ibis Trading Limited (06536096), is established as a trading arm.” — page 8
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (21/08/2017)
Trustees
- Amy Morleychair
- Carolyn Jane Brown
- David Philip Cox
- Duncan Ross Russell
- James White
- Jennifer Storry
- Joanna Quirk
- Lisa Martello
- Martina Blake
- Michelle Dawn Richmond MBE
- Rudy Hughes
- Sue Simmonite
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £17.8m | £18.4m |
| 31/03/2024 | £16.2m | £15.2m |
| 31/03/2023 | £13.8m | £14.2m |
| 31/03/2022 | £11.2m | £11.3m |
| 31/03/2021 | £10.1m | £10.9m |
Common questions
Is ASSOCIATION FOR PROJECT MANAGEMENT financially healthy?
The accounts state that the charity reported a net deficit of £520,313 for the year ended 31 March 2025, resulting in a reduction of total net assets from £7.4m to £6.9m. Per the trustees' report, free reserves of £3.4m remain within the Board-approved policy range of £5.5m to £9.8m, supported by an investment portfolio valued at £5.6m. The charity confirms there are no material uncertainties regarding its ability to continue in operational existence. Its FY2025 accounts were audited by Buzzacott Audit LLP.
What does the highest-paid employee of ASSOCIATION FOR PROJECT MANAGEMENT earn?
Per its FY2025 accounts, the highest-paid employee was in the £180,001 - £190,000 band.