THE SOCIETY FOR THE ADVANCEMENT OF MANAGEMENT STUDIES LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £564,174 for the year ended 31 December 2024, resulting in a decrease in unrestricted reserves. Per the trustees' report, free reserves of £1,030,229 were held, which is significantly in excess of the trustees' stated target of £250,000. The charity maintains adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The trustees considered the most appropriate level of free reserves at 31 December 2024 would be £250,000.” — page 5
“During the year no member of the Board of Trustees received any remuneration or benefits in kind and 8 trustees (2023: 10 trustees) had expenses for travel, subsistence and accommodation, direct and indirect, of £7,652 (2023 : £7,675).” — page 24
Corporate structure
- Registered company of the charity Companies House 00779644
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr Thomas Julien Vincent Roulet
- Dr Wendy Anne Loretto
- Professor Andrew Jonathan Sturdy
- Professor Gerardo Patriotta
- Professor Julia Brennecke
- Professor Juliane Reinecke
- Professor Liqun Wei
- Professor Maddy Janssens
- Professor Marcus Vinicius Peinado Gomes
- Professor Mariano Luiz Marselo Heyden
- Professor Norin Arshed
- Professor Olga Epitropaki
- Professor Penelope Dick West
- Professor Ruth Woodfield
- Professor Stefanie Gustafsson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £612k | £1.2m |
| 31/12/2023 | £602k | £676k |
| 31/12/2022 | £574k | £579k |
| 31/12/2021 | £580k | £470k |
| 31/12/2020 | £669k | £770k |
Common questions
Is THE SOCIETY FOR THE ADVANCEMENT OF MANAGEMENT STUDIES LIMITED financially healthy?
The accounts state that the charity reported a net expenditure of £564,174 for the year ended 31 December 2024, resulting in a decrease in unrestricted reserves. Per the trustees' report, free reserves of £1,030,229 were held, which is significantly in excess of the trustees' stated target of £250,000. The charity maintains adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by GBAC Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PARKLAKE CHARITY TRUST | 2 | £7k |
| ACHISOMOCH AID COMPANY LIMITED | 1 | £657k |
| HEICHAL HATORAH FOUNDATION | 1 | £355k |
| THE BRITISH DIABETIC ASSOCIATION | 1 | £184k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| BRITISH HEART FOUNDATION | 1 | £100k |
| THE HEALTH FOUNDATION | 1 | £100k |
| Arthritis UK | 1 | £97k |