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THE FELLOWSHIP OF THE SCHOOL OF ECONOMIC SCIENCE

Registered charity 313115 · accounts filings on the Charity Commission register · also known as School of Philosophy and Economic Science, THE SCHOOL OF ECONOMIC SCIENCE · also registered in Scotland as SC039950 (OSCR)

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Latest income
£4.9m
Latest spending
£5.1m
Registered
1964
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a surplus of £68,000 for the year ended December 2024, driven by fee income and investment gains despite lower legacy income. Per the trustees' report, the charity holds a free reserve of £3,494,000, which exceeds the stated target of £2,500,000, and the trustees believe reserves are adequate for the next twelve months.

What the accounts disclose

Highest-paid employee band: £70,001 - £80,000 — below the median for charities its size (£78k)
“One employee (2023:1) earned between £70,000-£79,999 not including employer's National Insurance contributions during the year.” — page 50
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee (2023:1) earned between £70,000-£79,999 not including employer's National Insurance contributions during the year.” — page 50
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: approximately £2,500,000 (held: £3.5m)
“The Trustees consider that an adequate target level of Operating Reserve is approximately £2,500,000. This would provide sufficient reserves to meet the charity’s running costs for a period of six months in the event of major disruption to its activities.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Sherry Moran is a trustee and director of Waterperry Gardens Limited.
“One trustee, Sherry Moran, was appointed a director in July 2021.”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Waterperry Gardens Limited
“The charity owns the whole of the issued ordinary share capital of Waterperry Gardens Limited, a company registered in England. The subsidiary is used for non-primary purpose trading activities.” — page 54
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
£4.9m
Total spending
£5.1m
Cost of raising funds
£2.7m
Reserves (reported)
£3.5m
Employees
85

Reported reserves equal ~8.2 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland · Throughout England

Income and spending

Financial year endIncomeSpending
31/12/2024£4.9m£5.1m
31/12/2023£5.3m£4.7m
31/12/2022£4.3m£4.3m
31/12/2021£3.9m£3.6m
31/12/2020£3.3m£3.6m

Common questions

Is THE FELLOWSHIP OF THE SCHOOL OF ECONOMIC SCIENCE financially healthy?

The accounts state that the charity reported a surplus of £68,000 for the year ended December 2024, driven by fee income and investment gains despite lower legacy income. Per the trustees' report, the charity holds a free reserve of £3,494,000, which exceeds the stated target of £2,500,000, and the trustees believe reserves are adequate for the next twelve months. Its FY2024 accounts were audited by Sayer Vincent LLP.

What does the highest-paid employee of THE FELLOWSHIP OF THE SCHOOL OF ECONOMIC SCIENCE earn?

Per its FY2024 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.