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FACULTY OF MEDICAL LEADERSHIP AND MANAGEMENT

Registered charity 1178741 · accounts filings on the Charity Commission register · also known as FMLM

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Latest income
£1.1m
Latest spending
£1.6m
Registered
2018
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a deficit of £855,000 for the fifteen-month period ended 31 March 2024, driven by a 23% decline in income and expenditure exceeding income. Despite the deficit, the charity held unrestricted reserves of £537,494 and a cash balance of £1,039,016, which the trustees consider sufficient to mitigate risks and continue operations.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£70k)
“At the end of 2024, FMLM had six members of staff who earned more than £60,000 a year; pro rata for four part time staff.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 6
“At the end of 2024, FMLM had six members of staff who earned more than £60,000 a year; pro rata for four part time staff.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: half its annual expenditure (held: £537k)
“The FMLM reserves policy is to hold on average half its annual expenditure in reserve”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: FMLM Applied Ltd is a wholly owned trading subsidiary. 100% of profits are gift-aided to the charity.
“100% of the profits from FMLM Applied Ltd are gift-aided to FMLM the charity.” — page 23
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Haines Watts. Discloses 6 of 6 completeness components.

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

Total income
£1.1m
Total spending
£1.6m
Cost of raising funds
£388k
Reserves (reported)
£113k
Employees
17

Reported reserves equal ~0.9 months of spending — in the bottom quarter 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
31/03/2025£1.1m£1.6m
31/03/2024£1.9m£2.7m
31/12/2022£2.0m£1.9m
31/12/2021£2.1m£1.6m
31/12/2020£1.3m£1.3m

Common questions

Is FACULTY OF MEDICAL LEADERSHIP AND MANAGEMENT financially healthy?

The accounts state that the charity reported a deficit of £855,000 for the fifteen-month period ended 31 March 2024, driven by a 23% decline in income and expenditure exceeding income. Despite the deficit, the charity held unrestricted reserves of £537,494 and a cash balance of £1,039,016, which the trustees consider sufficient to mitigate risks and continue operations. Its FY2024 accounts were audited by Haines Watts.

What does the highest-paid employee of FACULTY OF MEDICAL LEADERSHIP AND MANAGEMENT earn?

Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 6 employees earned over £60,000.