BMA FOUNDATION
The BMA Foundation is an independent charity that awards funds to encourage and further medical research. Our mission is to support medical students, doctors and scientists in their research aims and help pioneer medical research.Each year, research grants are awarded to medical students, research scientists and doctors, all funded by generous past bequests.
Financial health, per its FY2023 accounts
The accounts state that the charity holds unrestricted reserves of £17,003,147, which is significantly higher than the previous year's total of £17,733,059. The trustees report that the charity has significant reserves to draw upon in the event of a shortfall and considers it unnecessary to hold additional funds for short-term needs. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The British Medical Association provided staffing to the charity for which it charged £132,500 (2022: £152,668) for the year. No amounts were outstanding at the year end.” — page 13
Year-over-year changes
- Going concern: going-concern doubt noted (FY2022) → no going-concern doubt (FY2023).
Leadership, per the charity’s website
- Professor Philip Banfield — Chair
- Ms Neeta Major — Co-CEO
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (01/09/2022)
- Received assets from another charity (01/09/2022)
- Received assets from another charity (01/09/2022)
Trustees
- Jonathan Anthony Collins
- Neeta Major
- Professor Ashley Woodcock
- Professor Helen Louise Fisher
- Professor Philip Banfield
- Ram Pragash Moorthy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.2m | £1.4m |
| 31/12/2024 | £1.3m | £806k |
| 31/12/2023 | £1.2m | £1.1m |
| 31/12/2022 | £1.2m | £1.0m |
| 31/12/2021 | £2.8m | £1.0m |
Common questions
Is BMA FOUNDATION financially healthy?
Per its FY2023 accounts: The accounts state that the charity holds unrestricted reserves of £17,003,147, which is significantly higher than the previous year's total of £17,733,059. The trustees report that the charity has significant reserves to draw upon in the event of a shortfall and considers it unnecessary to hold additional funds for short-term needs. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Prentis & Co LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MCBAIN FAMILY FOUNDATION | 1 | £100k |
| Bird Song Trust | 1 | £79k |
| THE BATCHWORTH TRUST | 1 | £5k |
| THE TANLAW FOUNDATION | 1 | £3k |
| THE ASTOR FOUNDATION | 1 | £2k |
| THE OAKDALE TRUST | 1 | £2k |
| THE BARBOUR FOUNDATION | 1 | £1k |
| THE ARDWICK TRUST | 1 | £200 |
Charities like this
- MEDICAL RESEARCH FOUNDATION
- THE JEAN SHANKS FOUNDATION
- THE LORD BAMFORD FOUNDATION
- BMA CHARITIES TRUST FUND
- MASTERS FOUNDATION
- J C BAMFORD FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BMA FOUNDATION | £1.2m | — | 0 | unclear | — | no doubt |
| MEDICAL RESEARCH FOUNDATION | £3.7m | — | — | unclear | — | no doubt |
| THE JEAN SHANKS FOUNDATION | £609k | £25,000 | 0 | above | 0.4% | no doubt |
| THE LORD BAMFORD FOUNDATION | £307k | — | 0 | unclear | — | no doubt |
| BMA CHARITIES TRUST FUND | £167k | — | 0 | below | — | not going concern |
| MASTERS FOUNDATION | £999k | — | 0 | unclear | — | no doubt |