Finance Score: 5

Governance Score: 5

Support Score: 6

Poor Liquidity: -1
Good Reserves: +1Good reserves management: +3
Reasonable growth: +1
Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Dynamic board: +3
Gender balanced board: +3

Overall weighted support: +6

Overall GiG Score: 16

ACADEMY OF MEDICAL SCIENCES

Please see the Report of the Trustees

Analysis by Giving is Great

Positives:

Reserves management has been consistently within official guidelines
There has been reasonable growth in spending since inception
Fundraising costs are unusually low relative to funds raised
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 gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

Why are there 17 trustees whereas the Charities Commission recommends a maximum of 12?
Over half the Board have joined recently

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but unrestricted reserves are available
On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/24	£20,008	£18,938	£1,071	£668	£19,556	£11,016	7	84	400
31/03/23	£19,073	£16,324	£2,749	£754	£18,268	£8,558	6.3	72	400
31/03/22	£17,702	£14,187	£3,515	£421	£15,855	£7,056	6	55	400
31/03/21	£14,667	£14,875	£-208	£276	£12,381	£5,422	4.4	51	400
31/03/20	£16,651	£17,020	£-368	£765	£12,143	£5,513	3.9	50	400

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 3.6%
Fundraising Costs/Total Spending: 3.5%
Senior Staff Costs/Total Spending: 7%
Highest pay band: £120,000-£130,000
Liabilities/Assets: 33%
Liabilities/Income: 49%
Unrestricted Funds/Total Funds: 56%
Reserves/Spending: 7 months
Net Current Assets/Spending: 7 months
Quick Ratio: 0.1

Asset Split ?

Balance Sheet History

Established: 5 years

https://acmedsci.ac.uk/

info@acmedsci.ac.uk

02031413200

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training
The Advancement Of Health Or Saving Of Lives

GiG Classification

Academic support

How it operates

Makes grants to individuals
Makes grants to organisations
Provides advocacy/advice/information
Sponsors or undertakes research

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies
The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Wolfson Foundation - Grant to The Academy of Medical Sciences
£300,000	08/06/2022	Refurbishment of conference and meeting facilities
Department for Business, Energy and Industrial Strategy - Academy of Medical Sciences grant support 21-22
£9,377,200	16/06/2021	To support the work of the Academy in 2021-22

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (17)

Current Trustees appointed

Gender Split

Based on 15/17 persons

Age Range of Trustees:

DR FELICITY JANE GABBAY Appointed: 2022, Occupation: Doctor

PROFESSOR DAVID JOHN BURN Appointed: 2023

PROFESSOR WIEBKE ARLT Appointed: 2021

PROFESSOR ANDREW DAVID MORRIS Appointed: 2024

PROFESSOR DAVID ADAMS Appointed: 2023, Occupation: Professor Of Hepatology

PROFESSOR FRANKLIN IMO AIGBIRHIO Appointed: 2023

PROFESSOR HELEN IRENE MCSHANE FMEDSCI Appointed: 2023

PROFESSOR IJEOMA FLORENCE UCHEGBU Appointed: 2022

PROFESSOR JAMES HENDERSON NAISMITH Appointed: 2022

PROFESSOR JUGNOO SANGEETA RAHI FMEDSCI Appointed: 2023

PROFESSOR KATHRYN MAITLAND Appointed: 2022

PROFESSOR MICHAEL G HANNA FMEDSCI Appointed: 2023

PROFESSOR PAULA RUTH WILLIAMSON Appointed: 2021

PROFESSOR ROSALIND LOUISE SMYTH FMEDSCI Appointed: 2023, Occupation: Professor In Child Health

PROFESSOR SADAF ISMAA FAROOQI Appointed: 2021

PROFESSOR SIR ANDREW JOHN POLLARD Appointed: 2021

PROFESSOR TOM SOLOMON Appointed: 2021

Legal constitution

Charity registered in England & Wales on 16/09/2019, number: 1185329

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
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
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

5 returns made; all on time

Main office

THE ACADEMY OF MEDICAL SCIENCES
41 PORTLAND PLACE
LONDON
W1B 1QH

Objectives

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.

Data Sources

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