Finance Score: -3

Governance Score: 9

Support Score: 0

Excess reserves: -4
Income diversified: +3
Large legacies income: +1
Strong growth: +2
Multiple Deficits: -2
Fundraising costs high: -3

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

No supporters identified

Overall GiG Score: 6

MEDICAL RESEARCH FOUNDATION

To promote medical research anywhere in the world, and in particular to support research training, public engagement with research and the dissemination of research results for the improvement of human health.

Analysis by Giving is Great

Positives:

Income generation is well diversified
This charity has received considerable income from legacies in recent years
There has been strong growth in spending over the last 5 years
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £36,331,029 available, equivalent to 50 months of spending and so may not be able to utilise additional funding
On several occasions in recent years income has been less than spending
Fundraising costs are high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£5,056	£8,693	£-3,637	£685	£66,443	£36,331	50.2	31	0
31/03/22		£5,709	£9,649	£-3,940	£576	£73,408	£36,538	45.4	30	8
31/03/21		£3,306	£4,089	£-784	£405	£71,224	£36,817	108	23	6
31/03/20		£9,228	£5,823	£3,405	£281	£59,145	£30,930	63.7	19	15
31/03/19		£3,656	£6,038	£-2,381	£226	£58,842	£29,463	58.6	11	14
31/03/18		£4,322	£5,190	£-869	£33	£57,299	£28,303	65.4	7	0
31/03/17	*	£4,482	£5,543	£-1,061	£222	£57,400	£30,375	65.8	11	0
31/03/16	*	£2,654	£5,170	£-2,516	£133	£52,390	£27,689	64.3	5	0
31/03/15		£5,230	£4,167	£1,063	£135	£54,215	£29,683	85.5	7	0
31/03/14		£2,589	£3,268	£-679	£61	£46,781	£25,068	92	3	0
31/03/13		£2,589	£3,268	£-679	£129	£43,599	£23,980	88.1	2	0
31/03/12	*	£2,854	£3,302	£-448	£113	£40,566	£21,625	78.6	2	0
31/03/11		£0	£0	£0	n/a	n/a	n/a	n/a	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 29%
Fundraising Costs/Total Spending: 11.8%
Senior Staff Costs/Total Spending: 9%
Highest pay band: £130,000-£140,000
Liabilities/Assets: 20%
Liabilities/Income: 326%
Unrestricted Funds/Total Funds: 55%
Reserves/Spending: 50.2 months
Net Current Assets/Spending: 13 months
Quick Ratio: 0.3

Asset Split ?

Established: 14 years

www.medicalresearchfoundation.org.uk

contact@medicalresearchfoundation.org.uk

020 7395 2400

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
The Advancement Of Health Or Saving Of Lives

GiG Classification

Medical education & research

How it operates

Acts as an umbrella or resource body
Makes Grants to Individuals
Makes Grants to Organisations
Other charitable activities
Provides buildings/facilities/open space
Sponsors or undertakes research

Where it operates

Ethiopia, Northern Ireland, Norway, Scotland, Senegal, Spain, The Gambia, Throughout England And Wales, Uganda,

Who it helps

The General Public/Mankind

Who works here?

31 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Age Range of Trustees: 39-67

JONATHAN BECK Appointed: 2022, Occupation: Chartered Accountant

KRISTEN LEE GALLAGHER Appointed: 2021, Occupation: Theatre (Performing Arts) Executive

PROFESSOR MELANIE NEWPORT Appointed: 2024, Occupation: Medical Doctor/University Professor

PROFESSOR PATRICIA KINGORI Appointed: 2021, Occupation: Academic

PROFESSOR PAUL MOSS OBE (Chair) Appointed: 2023

PROFESSOR RICHARD JOHN MARK COWARD Appointed: 2022, Occupation: Doctor (Clinical Scientist)

RICHARD HENRY WALTERS Appointed: 2022, Occupation: Investment Manager

SUSAN LINDA WILKINSON Appointed: 2016, Occupation: Director, Other trusteeship: CHURCHES CONSERVATION TRUST,

PROFESSOR MOIRA KATHERINE BRIGID WHYTE OBE Appointed: 2023, Occupation: Vp & Head, College Of Medicine & Vet Medicine, Other trusteeship: CANCER RESEARCH UK,

PROFESSOR ROSALIND LOUISE SMYTH FMEDSCI Appointed: 2022, Occupation: Professor In Child Health, Other trusteeships: THE LISTER INSTITUTE OF PREVENTIVE MEDICINE, THE HEALTH FOUNDATION, ACADEMY OF MEDICAL SCIENCES,

Legal constitution

Charitable company registered in England & Wales on 30/09/2010, number: 1138223
Registered at Companies House on 06/09/2010, number: 07366816

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
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

Filing Record

13 returns made; AR17: 2 days late, AR16: 1 days late, AR12: 0 days late,

Main office

99 Charterhouse Street
London
EC1M 6HR

Objectives

to promote medical and associated research anywhere in the world and in particular to support research, training, public engagement and dissemination of knowledge with the aim of improving human health.

Defined Area of Benefit:

NOT DEFINED IN PRACTICE NATIONAL AND OVERSEAS

Data Sources