FACULTY OF MEDICAL LEADERSHIP AND MANAGEMENT
Charity overview
Activities - how the charity spends its money
Faculty of Medical Leadership and Management (FMLM) is a membership organisation which promotes medical leadership in the UK. FMLM delivers leadership development for individuals and organisations, sets the standards for medical leadership and awards fellowships against those standards, runs national and international events to promote good medical leadership.
Income and expenditure
Data for financial year ending 31 December 2022
Total income:
£1,971,378
| Donations and legacies | £33.68k | |
| Charitable activities | £1.33m | |
| Other trading activities | £602.65k | |
| Investments | £1.53k | |
| Other | £0 |
Total expenditure:
£1,927,667
| Raising funds | £569.84k | |
| Charitable activities | £1.36m | |
| Other | £0 |
£0 investments gains (losses)
Charitable expenditure
Charitable expenditure with investment gains
Charitable expenditure
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
| Raising funds and other expenditure | £569.84k | |
| Charitable expenditure | £1.36m | |
| Retained for future use | £43.71k |
People
18 Employee(s)
11 Trustee(s)
Employees with total benefits over £60,000
| Number of employees | |
|---|---|
| £70k to £80k | 2 |
| £120k to £130k | 1 |
Fundraising
Trading
Trustee payments
What, who, how, where
- Education/training
- The Advancement Of Health Or Saving Of Lives
- The General Public/mankind
- Provides Services
- Provides Advocacy/advice/information
- Sponsors Or Undertakes Research
- Throughout England And Wales
- Northern Ireland
- Scotland
Governance
- 12 June 2018: Standard registration
- FMLM (Working name)
- Conflicting interests
Trustees
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service
11 Trustee(s)
| Name | Role | Date of appointment | Other trusteeships | Reporting status of other trusteeships | ||||
|---|---|---|---|---|---|---|---|---|
| Sir MAYUR LAKHANI CBE | Chair | 16 December 2019 |
|
|
||||
| Professor WILLIAM ROBERT ROCHE | Trustee | 13 December 2024 |
|
|
||||
| Professor Jacky Hayden | Trustee | 13 December 2024 |
|
|
||||
| Dr Colin Randolph Melville | Trustee | 13 December 2024 |
|
|
||||
| Dr Margaret Ngozi Ikpoh | Trustee | 13 December 2024 |
|
|
||||
| Celia Louise Ingham Clark | Trustee | 13 December 2024 |
|
|
||||
| DAVID ANTONY BENNETT | Trustee | 01 November 2019 |
|
|
||||
| MARK ROBERT SPRAGG | Trustee | 01 November 2019 |
|
|||||
| Nargis Ara-Ranaldi | Trustee | 01 November 2019 |
|
|
||||
| Dr PHILIP KLOER | Trustee | 18 June 2019 |
|
|
||||
| ALASTAIR HENDERSON | Trustee | 30 March 2019 |
|
|
||||
Financial history
Financial period end date
| Income / Expenditure | 31/12/2018 | 31/12/2019 | 31/12/2020 | 31/12/2021 | 31/12/2022 | ||
|---|---|---|---|---|---|---|---|
|
|
Total gross income | £0 | £2.32m | £1.32m | £2.15m | £1.97m | |
|
|
Total expenditure | £731 | £1.49m | £1.29m | £1.61m | £1.93m | |
|
|
Income from government contracts | N/A | N/A | N/A | N/A | N/A | |
|
|
Income from government grants | N/A | N/A | N/A | N/A | N/A | |
|
|
Income - Donations and legacies | N/A | £0 | £207.37k | £66.34k | £33.68k | |
|
|
Income - Other trading activities | N/A | £668.53k | £359.92k | £605.00k | £602.65k | |
|
|
Income - Charitable activities | N/A | £876.78k | £754.79k | £1.47m | £1.33m | |
|
|
Income - Endowments | N/A | £0 | £0 | £0 | £0 | |
|
|
Income - Investment | N/A | £4 | £2 | £0 | £1.53k | |
|
|
Income - Other | N/A | £771.68k | £0 | £0 | £0 | |
|
|
Income - Legacies | N/A | £0 | £30.00k | £0 | £0 | |
|
|
Expenditure - Charitable activities | N/A | £1.02m | £941.01k | £1.05m | £1.36m | |
|
|
Expenditure - Raising funds | N/A | £463.95k | £352.63k | £568.45k | £569.84k | |
|
|
Expenditure - Governance | N/A | £36.34k | £22.38k | £23.36k | £0 | |
|
|
Expenditure - Grants institution | N/A | £0 | £0 | £0 | £0 | |
|
|
Expenditure - Investment management | N/A | £0 | £0 | £0 | £0 | |
|
|
Expenditure - Other | N/A | £0 | £0 | £0 | £0 |
Assets and liabilities
Definitions for assets and liabilities
These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.
Long term InvestmentsInvestments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.
These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.
Defined benefit pension scheme asset or liabilityThis is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.
Total liabilitiesThese are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.
| Asset / Liability | 31/12/2018 | 31/12/2019 | 31/12/2020 | 31/12/2021 | 31/12/2022 | ||
|---|---|---|---|---|---|---|---|
|
|
Own use assets | N/A | £39.74k | £19.87k | £0 | £12.49k | |
|
|
Long-term investments | N/A | £0 | £0 | £0 | £0 | |
|
|
Other assets | N/A | £1.23m | £1.46m | £2.21m | £2.26m | |
|
|
Defined benefit pension scheme asset or liability | N/A | £0 | £0 | £0 | £0 | |
|
|
Total liabilities | N/A | £436.71k | £624.00k | £822.65k | £839.36k |
Accounts and annual returns
| Title | Reporting year | Date received | Received | Download |
|---|---|---|---|---|
| Annual return | 31 December 2022 | 27 October 2023 | On Time | |
| Accounts and TAR | 31 December 2022 | 27 October 2023 | On Time | Download Open in new window |
| Annual return | 31 December 2021 | 31 October 2022 | On Time | |
| Accounts and TAR | 31 December 2021 | 31 October 2022 | On Time | Download Open in new window |
| Annual return | 31 December 2020 | 22 September 2021 | On Time | |
| Accounts and TAR | 31 December 2020 | 22 September 2021 | On Time | Download Open in new window |
| Annual return | 31 December 2019 | 12 October 2020 | On Time | |
| Accounts and TAR | 31 December 2019 | 12 October 2020 | On Time | Download Open in new window |
| Annual return | 31 December 2018 | 31 October 2019 | On Time | |
| Accounts and TAR | 31 December 2018 | Not Required |