ASSOCIATION OF MBAS AND BUSINESS GRADUATES ASSOCIATION
Latest income
£5.0m
Latest spending
£4.7m
Registered
1969
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that total income grew by 13% to £4.8m, with expenditure increasing by 15% to £4.5m, resulting in a net surplus of £270,562. Free reserves at year-end were £2,737,609, which the trustees note is above their stated target range of six months of fixed overhead expenditure. The trustees confirm adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
Highest-paid employee band: £240,000 - £250,000 — above the 90th percentile for charities its size (median £70k)
“£240,000 - £250,000 1”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: six months fixed overhead expenditure (held: £2.7m)
“AMBA & BGA resolves therefore to maintain a level of reserves equal to six months fixed overhead expenditure.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: 5 Trustees received £12,250 in fees for school accreditation visits. 7 Trustees received £7,192 in reimbursed expenses.
“No trustees received remuneration during the year (2023: Nil). 5 Trustees received £12,250 in fees for school accreditation visits, from the charity during the year (2023: 5 Trustees £9,750). During the year, the total expenses reimbursed to 7 Trustees amounted to £7,192”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Transactions with trading subsidiary AMBA Commercial Ltd
“During the year there were transactions of £52,853 (2023: -£235,788), between the Charity & its trading subsidiary related to recharges and payments from commercial partners received by the Charity, with £427,998 (2023: £257,261) owing to AMBA Commercial Ltd at year end.”
“5 Trustees received £12,250 in fees for school accreditation visits, from the charity during the year (2023: 5 Trustees £9,750).”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee fees for accreditation visits
“During the year there were transactions of £52,853 (2023: -£235,788), between the Charity & its trading subsidiary related to recharges and payments from commercial partners received by the Charity, with £427,998 (2023: £257,261) owing to AMBA Commercial Ltd at year end.”
“5 Trustees received £12,250 in fees for school accreditation visits, from the charity during the year (2023: 5 Trustees £9,750).”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee expense reimbursements
“During the year there were transactions of £52,853 (2023: -£235,788), between the Charity & its trading subsidiary related to recharges and payments from commercial partners received by the Charity, with £427,998 (2023: £257,261) owing to AMBA Commercial Ltd at year end.”
“5 Trustees received £12,250 in fees for school accreditation visits, from the charity during the year (2023: 5 Trustees £9,750).”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: AMBA Commercial Limited, BGA Commercial Limited, The Association of Masters in Business Administration
“AMBA & BGA has three wholly owned subsidiaries, AMBA Commercial Limited, BGA Commercial Limited & The Association of Masters in Business Administration.”
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 30/09/2025)
Total income
£5.0m
Total spending
£4.7m
Cost of raising funds
£738k
Reserves (reported)
£3.2m
Employees
30
Trustees
- Dr Wendy Anne Lorettochair
- Beatrice Elcira AVOLIO ALECCHI
- Bhaskar Chakrabarti
- Emmanuel Gabriel Georges Metais
- Fangruo Chen
- Gary Narunsky
- Josep Franch Bullich
- Karen Maria Spens
- Morris MTHOMBENI
- Qiang YE
- STEVEN LEENDERT VAN DE VELDE
- Stephen David Bach
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £5.0m | £4.7m |
| 30/09/2024 | £4.8m | £4.6m |
| 30/09/2023 | £4.3m | £4.0m |
| 30/09/2022 | £3.7m | £3.2m |
| 30/09/2021 | £3.2m | £2.8m |
Common questions
Is ASSOCIATION OF MBAS AND BUSINESS GRADUATES ASSOCIATION financially healthy?
The accounts state that total income grew by 13% to £4.8m, with expenditure increasing by 15% to £4.5m, resulting in a net surplus of £270,562. Free reserves at year-end were £2,737,609, which the trustees note is above their stated target range of six months of fixed overhead expenditure. The trustees confirm adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Moore Kingston Smith LLP.
What does the highest-paid employee of ASSOCIATION OF MBAS AND BUSINESS GRADUATES ASSOCIATION earn?
Per its FY2024 accounts, the highest-paid employee was in the £240,000 - £250,000 band.