About us
The RMBF is the UK charity for doctors, medical students and their families. We provide financial support, money advice and information when it is most needed due to age, ill health, disability and bereavement.
Our help ranges from financial assistance in the form of grants and loans to a telephone befriending scheme for those who may be isolated and in need of support. Nobody is immune to misfortune and each individual’s need is different. Each applicant is assessed according to their needs by our Grants and Awards Committee and decisions are made quickly and in confidence to create a tailored package of support.
The RMBF is committed to leading the way in providing support and advice to members of the medical profession and their dependants at times of crisis and serious need. As the medical profession continues to change, we will be ready to meet new and emerging needs.
The majority of our Board and our volunteers come from a medical background. This means that as an organisation we understand the unique pressures facing doctors on a day to day basis. Our volunteers come from all areas in the medical profession and help to ensure that the RMBF is delivering the best support possible.
Finances
Total assets £38m of which £36m are unrestricted.
The charity is budgeting to increase its total annual spend to £2m next year by seeking out unmet need amongst doctors and medical students. Approximately £700k is raised annually from donations and legacies and the balance is funded through returns on our £38m investment portfolio. This is targeted to make a long-term annual return of 3.5% plus inflation.
The investment portfolio is allocated between three different managers and last year’s investment losses have subsequently been more than recovered.
Our current headcount is 13, eight of whom work part time (FTE 10.6 staff).
Equity, diversity and inclusion statement
We are committed to the principle of equal opportunity in employment. We will actively support diversity and inclusion and ensure that all our employees are valued and treated with dignity and respect. We want to encourage everyone in our business to reach their potential.