THE KENNEDY TRUST FOR RHEUMATOLOGY RESEARCH
Financial health, per its FY2025 accounts
The accounts state that total unrestricted reserves stood at £331.7 million, with a general fund of £327.6 million, providing substantial liquidity. The charity carries out no fundraising activities and relies entirely on investment returns, which generated a net gain of £26 million in the year. The trustees confirm that resources are adequate to continue operations with no material uncertainties identified.
What the accounts disclose
“the Trust’s policy is to maintain the real value of the level of reserves over the long-term”
“one of the Trust’s 2024 Research Ignition Awards was granted to the University of Cambridge during the year. The project was led by Professor Paul Lehner, a non-Trustee member of the Research Committee. The total grant awarded was £99,970, with £58,148 outstanding at the start of the year. £58,100 was paid during the year, £48 was written back and there were no payments remaining at the year end.” — page 36
Corporate structure
- Registered company of the charity Companies House 00963832
Structured financials (annual return, FY ending 30/09/2025)
Trustees
- PROFESSOR STEPHEN TOWNLEY HOLGATEchair
- Christopher John Coombe
- Dr Anthony Wood
- Dr Edith Margarethe Hessel
- Dr Paul Wayne Satchell
- Harsha Patel
- JOSEPH CRONLY
- Mark Stefano Dighero
- Prof Tracy Hussell
- Professor Michael Alexander Patton
- Professor Paul Emery
- Professor Paul Peter Tak
- Richard Kenneth Punt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £11.3m | £5.8m |
| 30/09/2024 | £10.7m | £7.0m |
| 30/09/2023 | £8.9m | £17.4m |
| 30/09/2022 | £8.7m | £7.7m |
| 30/09/2021 | £10.8m | £20.8m |
Common questions
Is THE KENNEDY TRUST FOR RHEUMATOLOGY RESEARCH financially healthy?
The accounts state that total unrestricted reserves stood at £331.7 million, with a general fund of £327.6 million, providing substantial liquidity. The charity carries out no fundraising activities and relies entirely on investment returns, which generated a net gain of £26 million in the year. The trustees confirm that resources are adequate to continue operations with no material uncertainties identified. Its FY2025 accounts were audited by MHA.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| C A REDFERN CHARITABLE FOUNDATION | 1 | — |
| THE GATSBY CHARITABLE FOUNDATION | 1 | £900k |
| THE RODDICK FOUNDATION | 1 | £100k |
| DAVID PEARLMAN CHARITABLE FOUNDATION | 1 | £71k |
| C E K STERN CHARITABLE TRUST | 1 | £35k |
| THE BATCHWORTH TRUST | 1 | £30k |
| THE O'SULLIVAN FAMILY CHARITABLE TRUST | 1 | £25k |
| The Trevor Hemmings Foundation | 1 | £25k |