THE FELLOWSHIP OF THE SCHOOL OF ECONOMIC SCIENCE
The School of Philosophy & Economic Science offers courses in Philosophy, Economics and other subjects founded on spiritual principles expressing the natural laws applicable to humanity as discerned from the world's major spiritual and philosophical teachings. It also promotes arts & sciences through lectures, seminars and concerts, and supports other charities with similar activities and objects.
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
“One employee (2023:1) earned between £70,000-£79,999 not including employer's National Insurance contributions during the year.” — page 50
“One employee (2023:1) earned between £70,000-£79,999 not including employer's National Insurance contributions during the year.” — page 50
“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
“One trustee, Sherry Moran, was appointed a director in July 2021.”
“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
Year-over-year changes
- Top pay band moved from more than £70,000 (FY2023) to £70,001 - £80,000 (FY2024).
Leadership, per the charity’s website
- Donald Lambie — School Leader
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- STEPHEN SILVERchair
- David Woodhead
- Elizabeth Mazzola
- Hilary Dover
- Julian Ansell
- Kulasingham Navaratnarajah Kumara
- Mark Toole
- Richard Ibbett
- Sherry Moran
- Yolande Hesse
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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. 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.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HEALTH FOUNDATION | 1 | £150k |
| THE NUFFIELD FOUNDATION | 1 | £66k |
| THE COMMUNITY OF THE RESURRECTION | 1 | £2k |
Charities like this
- THE ROYAL ECONOMIC SOCIETY
- The Mouradian Foundation Limited
- THE COLLEGE OF PSYCHIC STUDIES
- INSTITUTE OF MEDICAL ETHICS
- THE PATHFINDER FELLOWSHIP
- ST PHILOMENA'S SCHOOL LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE FELLOWSHIP OF THE SCHOOL OF ECONOMIC SCIENCE | £4.9m | £70,001 - £80,000 | 1 | above | — | no doubt |
| THE ROYAL ECONOMIC SOCIETY | £2.4m | — | — | above | — | no doubt |
| The Mouradian Foundation Limited | £320k | — | 0 | unclear | — | no doubt |
| THE COLLEGE OF PSYCHIC STUDIES | £1.4m | — | — | unclear | — | no doubt |
| INSTITUTE OF MEDICAL ETHICS | £331k | — | 0 | above | — | no doubt |
| THE PATHFINDER FELLOWSHIP | £137k | — | 0 | above | — | no doubt |