FACULTY OF MEDICAL LEADERSHIP AND MANAGEMENT

Charity number: 1178741
Charity reporting is up to date (on time)

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

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Donations and legacies £33.68k
Charitable activities £1.33m
Other trading activities £602.65k
Investments £1.53k
Other £0

Total expenditure:
£1,927,667

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Raising funds £569.84k
Charitable activities £1.36m
Other £0

£0 investments gains (losses)

Charitable expenditure

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.

Text alternative for this canvas graphic is in the data table below.
Income generation and governance £569.84k
Charitable expenditure £1.36m
Retained for future use £43.71k

People

18 Employee(s)

6 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£70k to £80k 2
£120k to £130k 1

Fundraising

This charity does not raise funds from the public

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 12 June 2018: Standard registration
Organisation type:
Charitable company
Other names:
  • FMLM (Working name)
Company number:
11390175 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Conflicting interests
Land and property:
This charity does not own and/or lease land or property

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

6 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Sir MAYUR LAKHANI CBE Chair 16 December 2019
None on record
Nargis Ara-Ranaldi Trustee 01 November 2019
None on record
MARK ROBERT SPRAGG Trustee 01 November 2019
THE MARCELA TRUST
Received: On time
DAVID ANTONY BENNETT Trustee 01 November 2019
None on record
Dr PHILIP KLOER Trustee 18 June 2019
None on record
ALASTAIR HENDERSON Trustee 30 March 2019
None on record

Financial history

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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
Own use assets

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 Investments

Investments 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.

Other assets

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 liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These 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.

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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

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
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
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 31 MAY 2018 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 10 OCT 2018

Charitable objects

THE OBJECTS OF THE CHARITY ARE: (A) FOR THE PUBLIC BENEFIT, TO ADVANCE EDUCATION AND KNOWLEDGE IN THE FIELD OF MEDICAL LEADERSHIP AND MANAGEMENT AND PROMOTE RESEARCH IN ALL ASPECTS OF THE SUBJECT AND TO PUBLISH THE USEFUL RESULTS; (B) FOR THE PUBLIC BENEFIT, TO ADVANCE HEALTH THROUGH SETTING THE HIGHEST PROFESSIONAL STANDARDS AND COMPETENCES FOR MEDICAL LEADERSHIP, MANAGEMENT AND QUALITY IMPROVEMENT.

Contact information

Address:
167-169 Great Portland Street
Fifth Floor
London
W1W 5PF
Phone:
0203 137 3643
Email:
enquiries@fmlm.ac.uk
Website:

https://www.fmlm.ac.uk/ Open in new window