ACADEMY OF MEDICAL SCIENCES
Please see the Report of the Trustees
Objects
TO PROMOTE FOR THE BENEFIT OF THE PUBLIC THE AIMS AND ETHOS OF MEDICAL SCIENCES AND IN PARTICULAR TO:(A) PROMOTE EXCELLENCE IN RESEARCH AND IN THE TEACHING OF MEDICAL SCIENCES;(B) PROMOTE THE APPLICATION OF RESEARCH TO THE PRACTICE OF MEDICINE AND TO THE ADVANCEMENT OF HUMAN HEALTH AND WELFARE;(C) PROMOTE PUBLIC UNDERSTANDING OF THE MEDICAL SCIENCES AND THEIR IMPACT ON SOCIETY; AND(D) ASSESS ISSUES OF MEDICAL SCIENCE OF CONCERN TO THE PUBLIC AND TO DISSEMINATE THE RESULTS OF SUCH ASSESSMENT.
Financial health, per its FY2026 accounts
The accounts state that total income decreased by £4.0m to £23.0m, while total expenditure fell by £2.6m to £22.1 million. The charity holds unrestricted reserves of £14.0 million, with a General Fund balance of £6.1 million, which is above the Finance Committee's approved minimum target of £3.9 million. The trustees and auditors confirm that the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The number of employees whose emoluments as defined for taxation purposes amounted to over £60,000 in the year was as follows: 2026 2025 £60,001 - £70,000 10 5 £70,001 - £80,000 5 6 £80,001 - £90,000 4 1 £90,001 - £100,000 - 2 £100,001 - £110,000 1 - £110,001 - £120,000 2 - £120,001 - £130,000 - 2” — page 47
“The number of employees whose emoluments as defined for taxation purposes amounted to over £60,000 in the year was as follows: 2026 2025 £60,001 - £70,000 10 5 £70,001 - £80,000 5 6 £80,001 - £90,000 4 1 £90,001 - £100,000 - 2 £100,001 - £110,000 1 - £110,001 - £120,000 2 - £120,001 - £130,000 - 2” — page 47
“Total incoming resources for 2025/26 were £23.0 million of which £20.3 million was received from charitable activities, all of which was provided to support specific projects and included as part of restricted income.” — page 27
“At its meeting on 9 June 2026 the Finance Committee approved an uplift to the target minimum level of reserves, in terms of General Fund resources to £3.9 million reflecting the increased costs of the Academy’s operational platform. This level of reserve would allow the Academy to restructure activities to a level that would be appropriate for a reduced amount of income, in the event of a significant shortfall in core funding. At 31 March 2026, the General Fund was £6.1 million and above the required minimum.”
“The Academy has a wholly owned subsidiary company, Academy of Medical Sciences Trading Limited, which was incorporated in England and Wales on 25 February 2010 with registered number 07170258. The shareholding of £1,000 in £1 shares is held by the Academy Royal Charter body. A loan of £100,000 secured by a debenture is also held by the Academy Royal Charter Body.” — page 25
“The Directors of the trading subsidiary are the Treasurer, the Chief Executive Officer of the Academy, the Academy’s Head of Fundraising.”
“The Academy has a wholly owned subsidiary company, Academy of Medical Sciences Trading Limited, which was incorporated in England and Wales on 25 February 2010 with registered number 07170258. The shareholding of £1,000 in £1 shares is held by the Academy Royal Charter body. A loan of £100,000 secured by a debenture is also held by the Academy Royal Charter Body.” — page 25
“The Directors of the trading subsidiary are the Treasurer, the Chief Executive Officer of the Academy, the Academy’s Head of Fundraising.”
“The Academy has a wholly owned subsidiary company, Academy of Medical Sciences Trading Limited, which was incorporated in England and Wales on 25 February 2010 with registered number 07170258.” — page 25
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2026
- Volunteers: 440
- Government income: £15,426,674 — grants £15,426,674 (5); 67% of the £23,005,908 total gross income on the same return
- Employees paid over £60,000: 22 (£60,001–£70,000: 10; £70,001–£80,000: 5; £80,001–£90,000: 4; £100,001–£110,000: 1; £110,001–£120,000: 2)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 439
- Government income: £19,638,960 — grants £19,638,960 (5); 73% of the £27,049,618 total gross income on the same return
- Employees paid over £60,000: 16 (£60,001–£70,000: 5; £70,001–£80,000: 6; £80,001–£90,000: 1; £90,001–£100,000: 2; £130,001–£140,000: 2)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 400
- Government income: £15,816,682 — grants £15,816,682 (4); 79% of the £20,008,382 total gross income on the same return
- Employees paid over £60,000: 14 (£60,001–£70,000: 5; £70,001–£80,000: 4; £80,001–£90,000: 1; £90,001–£100,000: 2; £120,001–£130,000: 2)
- Has a trading subsidiary
- Grant-making is its main activity
In the news
- Academy of Medical Sciences to Install Ahaneku as President, inducts 13 fellows
- Academy of Medical Sciences advices Nigerians to avoid handshakes, hugs as EBOLA case confirmed in FCT
- Ebola: Avoid unnecessary physical contact, Academy of Medical Sciences cautions
- Professor Jie Wang, National Cancer Center/National Clinical Research Center for Cancer/Cancer Hospital, Chinese Academy of Medical Sciences Peking Union Medical College, Beijing, China.
- Academy of Medical Sciences to host colloquium on healthcare crisis
- Mark Nelson, Ph.D., Elected to the UK’s Academy of Medical Sciences
- Professor Thushan de Silva elected Fellow of the Academy of Medical Sciences
- Four King's academics elected as Fellows of the Academy of Medical Sciences
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2026)
Trustees
- PROFESSOR DAVID JOHN BURN
- Professor Alan Keith Boyd
- Professor Andrew David Morris
- Professor Catherine Williamson
- Professor David Adams
- Professor David Roblin
- Professor Deborah Ashby
- Professor Guy Edward Thwaites
- Professor Helen Irene McShane FMedSci
- Professor James Henderson Naismith
- Professor Judith Elizabeth Allen
- Professor Jugnoo Sangeeta Rahi FMedSci
- Professor Michael G Hanna FMedSci
- Professor Peter JM Openshaw
- Professor Philippa TK Saunders
- Professor Rosalind Louise Smyth CBE
- Professor Shakila Thangaratinam FMedSci
- Professor Sheena Elizabeth Radford
- Professor Sir John Peter Iredale
- Professor Timothy John Aitman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £23.0m | £22.1m |
| 31/03/2025 | £27.0m | £24.8m |
| 31/03/2024 | £20.0m | £18.9m |
| 31/03/2023 | £19.1m | £16.3m |
| 31/03/2022 | £17.7m | £14.2m |
Common questions
Is ACADEMY OF MEDICAL SCIENCES financially healthy?
Per its FY2026 accounts: The accounts state that total income decreased by £4.0m to £23.0m, while total expenditure fell by £2.6m to £22.1 million. The charity holds unrestricted reserves of £14.0 million, with a General Fund balance of £6.1 million, which is above the Finance Committee's approved minimum target of £3.9 million. The trustees and auditors confirm that the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2026 accounts were audited by PKF Littlejohn LLP.
What does the highest-paid employee of ACADEMY OF MEDICAL SCIENCES earn?
Per its FY2026 accounts, the highest-paid employee was in the £110,001 - £120,000 band, and 22 employees earned over £60,000.
Who funds ACADEMY OF MEDICAL SCIENCES?
Funders whose own accounts filings name ACADEMY OF MEDICAL SCIENCES as a grant recipient include WELLCOME TRUST, THE BRITISH DIABETIC ASSOCIATION, BRITISH HEART FOUNDATION, ARTHRITIS UK, THE HEALTH FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| WELLCOME TRUST | FY2021 | £13.7m | Innovations, Priority Areas |
| THE BRITISH DIABETIC ASSOCIATION | FY2022 | £1.0m | Research grant |
| BRITISH HEART FOUNDATION | FY2022 | £500k | Research |
| ARTHRITIS UK | FY2023 | £219k | Research Grant |
| THE BRITISH DIABETIC ASSOCIATION | FY2021 | £184k | Research grant |
| ARTHRITIS UK | FY2026 | £134k | Research grant |
| Vivensa Foundation | FY2025 | Unverified read£114k | Starter grants for clinical lecturers scheme |
| BRITISH HEART FOUNDATION | FY2024 | £100k | Related Party Transaction (Trustee Sadaf Farooqi) |
| THE HEALTH FOUNDATION | FY2021 | £100k | Improving health and care services |
| ARTHRITIS UK | FY2022 | £97k | Research |
| PROSTATE CANCER UK | FY2024 | £38k | Grant |
| PROSTATE CANCER UK | FY2025 | £38k | Grant |
| THE JEAN SHANKS FOUNDATION | FY2026 | £30k | |
| THE JEAN SHANKS FOUNDATION | FY2024 | £25k | |
| WELLCOME TRUST | FY2025 | Unverified read£27 | Wellcome Leap |
| WELLCOME TRUST | FY2025 | Unverified read£27 | Discovery Research |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 31/03/2022 | £12.5m | Academy of Medical Sciences Core Funding |
| UK government | 31/03/2022 | £12.5m | Academy of Medical Sciences Core Funding |
| UK government | 03/02/2022 | £81k | Global Challenges Research Fund (GCRF) grant for Academy of Medical Sciences |
| UK government | 03/02/2022 | £261k | Newton Fund grant for Academy of Medical Sciences |
| UK government | 03/02/2022 | £425k | Global Challenges Research Fund (GCRF) grant for Academy of Medical Sciences |
| UK government | 16/06/2021 | £9.4m | Academy of Medical Sciences grant support 21-22 |
| UK government | 01/04/2021 | £478k | Academy of Medical Sciences YR1 |
| UK government | 01/04/2021 | £478k | Academy of Medical Sciences YR1 |
| UK government | 01/04/2012 | £413k | Academy of Medical Sciences starter grants for clinical lecturers |
| UK government | 01/04/2012 | £413k | Academy of Medical Sciences starter grants for clinical lecturers |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Bird Song Trust | 1 | £203k |
| THE BATCHWORTH TRUST | 1 | £5k |
| THE TANLAW FOUNDATION | 1 | £3k |
| THE MCBAIN FAMILY FOUNDATION | 1 | £2k |
| THE ASTOR FOUNDATION | 1 | £2k |
| THE OAKDALE TRUST | 1 | £2k |
| THE BARBOUR FOUNDATION | 1 | £1k |
| THE MICHAEL AND ANNA WIX CHARITABLE TRUST | 1 | £200 |
Charities like this
- MEDICAL RESEARCH FOUNDATION
- ACTION AGAINST MEDICAL ACCIDENTS
- THE ACADEMY OF MEDICAL ROYAL COLLEGES
- THE A M CHARITABLE TRUST
- MEDICAL SCHOOLS COUNCIL
- MASON MEDICAL RESEARCH TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ACADEMY OF MEDICAL SCIENCES | £23.0m | £110,001 - £120,000 | 22 | above | — | no doubt |
| MEDICAL RESEARCH FOUNDATION | £3.7m | — | — | unclear | — | no doubt |
| ACTION AGAINST MEDICAL ACCIDENTS | £1.4m | — | — | below | 26.9% | no doubt |
| THE ACADEMY OF MEDICAL ROYAL COLLEGES | £1.5m | — | 0 | above | — | no doubt |
| THE A M CHARITABLE TRUST | £157k | — | 0 | unclear | — | no doubt |
| MEDICAL SCHOOLS COUNCIL | £2.7m | — | 4 | above | — | no doubt |