MSC ASSESSMENT
The Objects of the Charity are to advance medical education for the benefit ofthe public including, without limitation, by the preparation, validation,accreditation, conduct and administration of any tests, examinations or othersystems of assessing, evaluating and recording any aspect of medicaleducation and training.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £6,152 for the year ended 31 July 2025, resulting in a decrease in unrestricted funds to £646,578. The trustees confirm that reserves levels are in line with policy, representing 37 months of expenditure, and are satisfied that sufficient funds are available to meet current commitments. The independent auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The policy is to ensure that sufficient funds are available to meet current commitments, and any exceptional expenditure and to develop plans to scale up as plans evolve to deliver the UK Medical Licensing Assessment” — page 5
“One Trustee was employed by Universities UK as an Academic Applied Knowledge Test Lead and costs were reimbursed by the Medical Schools Council. Costs including pension contributions and employers’ national insurance were £27,741 (2024: £27,391).” — page 17
Structured financials (annual return, FY ending 31/07/2021)
Trustees
- PROFESSOR Malcolm Reedchair
- Dr Amir Sam
- Dr Rachel Jane Westacott
- Professor David Kluth
- Professor Kate Thomas
- Professor Mark Gurnell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £201k | £207k |
| 31/07/2024 | £203k | £246k |
| 31/07/2023 | £291k | £264k |
| 31/07/2022 | £498k | £453k |
| 31/07/2021 | £513k | £471k |
Common questions
Is MSC ASSESSMENT financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure deficit of £6,152 for the year ended 31 July 2025, resulting in a decrease in unrestricted funds to £646,578. The trustees confirm that reserves levels are in line with policy, representing 37 months of expenditure, and are satisfied that sufficient funds are available to meet current commitments. The independent auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by HaysMac LLP.