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2025-12-31-accounts

Annual report and accounts General Medical Council

General Medical Council Annual report and accounts 2025 Trustees’ annual report and accounts for the year ended 31 December 2025

Report presented to Parliament pursuant to section 52A of the Medical Act 1983 as amended by The Health Care and Associated Professions (Miscellaneous Amendments) Order 2008 (SI No.1774).

Accounts presented to Parliament pursuant to paragraph 18 of Schedule 1 to the Medical Act 1983.

© General Medical Council 2026

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This publication is available at: www.gov.uk/ - offcial documents.

Any enquiries regarding this publication should be sent - to us at gmc@gmc uk.org.

ISBN: 978-1-7391680-6-3

About this report

Our trustees present this report and financial statement for the year ending 31 December 2025.

They confirm they have taken into account the Charity Commission’s public benefit guidance when reviewing our aims and objectives and have had regard to this guidance when exercising any powers or duties or when making a decision to which the guidance is relevant. The trustees are satisfied that at all times we have operated for public benefit and that the activities as described in this report and accounts fully meet the public benefit requirements and support our charitable purpose.

Readers may also be interested in:

General Medical Council i

Contents

Foreword 02
2025 at a glance 04
Our role in the UK’s healthcare systems 05
2025 in numbers 06
Delivering our strategy 23
Our work across the UK 34
Our structure, governance and management 41
2025 fnancial review 50
Audit and Risk Committee report 56
Independent auditors’ report to the trustees of the GMC 64
Accounts 2025 69
Reference and administrative information 104

This publication is available in Welsh on our website. ’ Mae r cyhoeddiad hwn ar gael yn Gymraeg ar ein gwefan.

General Medical Council 01

Foreword

Health services across the UK continue to operate in a complex and demanding environment, shaped by rising demand and workforce pressures. As a professional regulator, we set standards for safe patient care, oversee education and training, maintain our registers and respond to concerns about fitness to practise. The Professional Standards Authority confirmed that we met all 18 of its Standards of Good Regulation in 2024–2025. Alongside our core regulatory functions, we work with others on the issues that affect how care is delivered in practice. In doing so, we provide assurance and contribute our analysis and perspective on the challenges facing the UK's healthcare systems.

2025 was the final year of our 2021–25 strategy. Over that five-year period, the composition of the medical workforce has diversified, bringing both opportunities and challenges. 2025 was also the first full year in which we regulated physician associates (PAs) and anaesthesia associates (AAs). In an ever-evolving context, we must continue to deliver our core regulatory responsibilities effectively, recognising that close collaboration and the sharing of insights are more important than ever.

We work with others across the four nations to inform planning for the future of services, drawing on our data and on our landmark reports, which provide a detailed picture of the composition and wellbeing of the medical workforce, as well as the factors affecting recruitment and retention.

As the profile of the workforce changes, it is vital that we continue to prioritise equality, diversity and inclusion. We have continued to focus on practical actions to support doctors who are new to UK practice.

A diverse workforce brings a wider range of perspectives and experiences, which strengthens professional decision making and helps health systems respond to patients’ needs. It also requires organisations to make sure that work and training environments are inclusive, supportive and fair. We are taking UK-wide action to address disparities in doctors’ experiences across professional practice and training, recognising that supportive work cultures are essential both for retaining skilled professionals and for delivering safe patient care.

In 2025, the data illustrated the importance of supporting internationally-qualified doctors to build sustainable careers within UK health services, and we brought this evidence into conversations with stakeholders to highlight its implications for workforce planning.

As the workforce and healthcare services continue to evolve, it is important that the framework for professional regulation adapts to these changes. Looking ahead to our 2026–30 strategy, a key priority is modernising the legislation that underpins our work. Much of the current legislative

General Medical Council 02

Foreword

framework dates back more than four decades and was not created with the healthcare systems of today in mind.

Alongside efforts to modernise the legislative framework, we are also working to set the future direction for medical education and training. As population needs change and the workforce transforms, our responsibility is to make sure that our standards keep pace. Education and professional development must be structured to give doctors, PAs, and AAs the skills and knowledge to meet increasingly complex patient needs, while adapting to modern practice and career pathways. Our programme of work in this area will lay the foundations for sustainable careers in UK health services that need stability and retention of talent. This will be the first full review of the education standards in a decade; a substantial undertaking that will take time. Our aim is to make sure the revised model reflects the needs of patients, professionals and the health services now and in the years ahead.

In a pressured and rapidly changing system, our role is to provide clarity, consistency and assurance for the public. We do so through the standards we set, the way we respond when concerns are raised, and by working with partners to support doctors, PAs, and AAs to deliver good, safe care for patients across the UK.

Charlie Massey Chief Executive

Professor Dame Carrie MacEwen Chair

General Medical Council 03

2025 at a glance

----- Start of picture text -----
We registered ..................
24,811 3,909 180
new doctors PAs and AAs
meetings with
We revalidated doctors We held
responsible officers
37,177 1,174
...............
We delivered and
training on our
standards to 29,886 16,619
doctors across medical students across
934 sessions, 141 sessions
..................
We delivered Welcome to UK
257 practice workshops to
50,637
doctors doctors in training completed our
national training survey
8,800
Our contact centre handled
emails and letters , and
105,827
calls ,
99,108
webchat sessions
57,542
We held fitness to practise liaison We conducted visits to check the
361 meetings with patients 221 quality of education
and complainants and training
concerns cases to
We received We referred
13,465 about doctors 184 the MPTS
.....................
......
----- End of picture text -----

General Medical Council 04

Our role in the UK’s healthcare s stems y

We are the independent regulator of doctors, physician associates (PAs), and anaesthesia associates (AAs) in the UK.[*]

We work with doctors, PAs, AAs, patients and other stakeholders to support good, safe patient care. We set the standards doctors, PAs, AAs and those who train them need to meet, and help them achieve them. If there are concerns these standards may not be met or that public confidence in doctors, PAs, or AAs may be at risk, we can investigate, and take action if needed.

How we promote good, safe patient care

We work with doctors, PAs, AAs, and other stakeholders to:

Our performance

Every year our performance as a regulator is assessed by the Professional Standards Authority (PSA). It is measured across our four core functions: education and training; registration; guidance and standards; and fitness to practise.

The PSA's latest annual assessment, published in December 2025, confirmed that we successfully met all 18 of its Standards of Good Regulation in 2024–2025. We are proud to have met all the standards set by the PSA since they were introduced in 2012. It means we are performing to a high standard as a regulator, and reflects the commitments we make in our work to standards such as:

.....................................................................

General standards Guidance and standards out out 5 of 5 2 of 2 ..................................................................... Education and training Registration out out 2 of 2 4 of 4 ..................................................................... Fitness to practise Total standards met out out 5 of 5 18 of 18 .....................................................................

General Medical Council 05

2025 in numbers

The register

Doctors on the register in the UK

2024 % change 2025 393,357 +4.4% 410,566

Growth in registered doctors 2014–2025

----- Start of picture text -----
500,000
400,000
300,000
200,000
100,000
0
2014 2016 2018 2020 2022 2024 2025
----- End of picture text -----

Where they graduated

----- Start of picture text -----
222,009 188,557
have a UK primary medical have a qualification from
qualification (PMQ). the rest of the world .
54.1% 45.9%
----- End of picture text -----

All figures as of 31 December 2025 and 2024 respectively, unless otherwise specified. All percentages are rounded to the nearest tenth of a percent: in some cases the numbers may therefore not add up to precisely 100%. Visit GMC Data Explorer to learn more about doctors’ education and practice in the UK.

General Medical Council 06

2025 in numbers

Doctors on the register by location[*]

----- Start of picture text -----
302,253
(73.6%) were
based in England
27,326
(6.7%) were
based in
Scotland
9,574
(2.3%) were
based in
Northern Ireland 56,404
(13.7%) were
based outside
the UK or did
not provide us
with enough
15,009 information to
(3.7%) were establish their
based in Wales location
----- End of picture text -----

Doctors on the register by ethnicity

----- Start of picture text -----
138,218
(33.7%) Asian or
Asian British
29,851
(7.3%) Black or
Black British
11,089
(2.7%) of mixed
background
183,034
(44.6%) white
21,532 26,842
(5.2%) did not (6.5%) other
provide ethnic groups
information on
their ethnicity
----- End of picture text -----

Registered doctors located in the Channel Islands and the Isle of Man are included in the figures referring to England.

General Medical Council 07

2025 in numbers

Doctors on the register by gender[*]

----- Start of picture text -----
Men Women
UK 50.5% 49.5%
England 50% 50%
Northern Ireland 46.8% 53.2%
Scotland 45.1% 54.9%
Wales 52.4% 47.6%
Total doctors on the GP Register
Up from 2024
( 80,237 )
82,415 2.7%
Total doctors on the Specialist Register
Up from 2024
( 112,038 )
115,587 3.2%
..............
..............
----- End of picture text -----

  • This data includes all doctors on the register, with or without a licence to practise. In 2025, we achieved gender parity on the register for doctors with a licence to practise. Find out more on our news archive.

General Medical Council 08

2025 in numbers

In 2025, we granted:

----- Start of picture text -----
24,812
applications for first 9,829 14,983
entry to the register. (39.6%) were from doctors (60.4%) were from doctors
with a UK PMQ . with a qualification from the
rest of the world .
That is down
13.1%
from 2024 ( 28,564 ).
4,023
applications to join the 1,986 2,037
GP Register. (49.4%) were from doctors (50.6%) were from doctors
with a UK PMQ . with a qualification from
That is down the rest of the world .
3.9%
from 2024 ( 4,188 ).
5,880
applications to join the 3,444 2,436
Specialist Register. (58.6%) were from doctors (41.4%) were from doctors
with a UK PMQ . with a qualification from
That is up the rest of the world .
6.6%
from 2024 ( 5,516 ).
........................
........................
........................
----- End of picture text -----

General Medical Council 09

2025 in numbers

Professional and Linguistic Assessments Board (PLAB)

Doctors who graduate outside the UK, the EEA, or Switzerland usually need to take our Professional and Linguistic Assessments Board (PLAB) test in order to join the UK medical register.[*] The test is taken in two parts (PLAB 1, delivered in assessment centres around the world, and PLAB 2, undertaken in one of our testing centres in Manchester).

PLAB 2 14,315 decrease on 2024 ( 8,564

----- Start of picture text -----
PLAB 1
----- End of picture text -----

13,691 14,315 candidates took PLAB 1 in 2025 , a 35% candidates took PLAB 2 in 2025 , a 26% decrease on 2024 ( 21,058 ). decrease on 2024 ( 19,346 ).

8,513 (62.2%) passed the exam. 8,564 (59.8%) passed the exam.

* Exceptions to this include international graduates joining the register based on being sponsored by healthcare organisations, or based on postgraduate qualifications. In both these cases, doctors must still provide evidence of their competence and skills. For more information on the different routes to join the register, see www.gmc-uk.org/registration-and-licensing/join-the-register/before-you-apply/evidence-to-support-your-application.

General Medical Council 10

2025 in numbers

PAs on the register

3,903 3,909 PAs on the register UK-wide applications granted for first entry to the register in 2025

PAs on the register by gender

Men Women Prefer not to say

----- Start of picture text -----
UK 22.3%
----- End of picture text -----

----- Start of picture text -----
76.7%
----- End of picture text -----

----- Start of picture text -----
0.9%
----- End of picture text -----

PAs on the register by location

PAs on the register by ethnicity

----- Start of picture text -----
29.1%
Asian or 11.7%
Asian British
Black or
Black British
88.4%
England
3.6%
of mixed
3.7%
background
Scotland
47.8%
0.6% white
2%
were based
Northern
outside the UK
Ireland
or did not
provide us
3.3% 4.6%
with enough
other ethnic did not provide
information 5.3% groups information on
to establish
Wales their ethnicity
their location
----- End of picture text -----

General Medical Council 11

2025 in numbers

AAs on the register

----- Start of picture text -----
...........
----- End of picture text -----

185 180 AAs on the register UK-wide applications granted for first entry to the register in 2025

AAs on the register by gender

----- Start of picture text -----
Men Women Prefer not to say
45.4% 1.1%
----- End of picture text -----

----- Start of picture text -----
UK 53.5%
----- End of picture text -----

AAs on the register by location[*]

AAs on the register by ethnicity

----- Start of picture text -----
8.6%
Asian or
3.8%
Asian British
Black or
Black British
0.5%
84.9%
of mixed
England
background
81.6%
white
12.4% 1.6% 3.8%
Scotland other ethnic did not provide
2.7% groups information on
Wales their ethnicity
----- End of picture text -----

General Medical Council 12

2025 in numbers

Setting and maintaining standards

Revalidation

Every licensed doctor who practises medicine in the UK must prove they are meeting our standards every five years through a process called revalidation. Revalidation supports doctors to develop their practice, drives improvements in clinical governance, and gives patients confidence that doctors are fit to practise.

In 2025 we received

43,824 recommendations about revalidation.[*]

37,177 doctors were revalidated in 2025.

We made decisions on

99%

of the recommendations we received within 5 working days , exceeding our target of 95%.

5,648

1,319

We approved deferral of revalidation submission dates for 5,648 doctors.

We withdrew the licences of 1,319 doctors on our register through failure to revalidate.[†]

General Medical Council 13

2025 in numbers

Outreach

Our outreach teams delivered training on our standards to:

That is down That is up 29,886 13.1% 16,619 5.7% doctors in 934 from 2024 (34,399). medical students in from 2024 (15,722). sessions across 141 sessions across the UK. the UK.

Our standards enquiry team answered:

80%

of doctors said they would change their practice as a result of the session.

That is up 497 9.7% enquiries about from 2024 (449). our guidance.

Our outreach teams also deliver workshops aimed at helping doctors who are new to UK practice adjust to working in the UK’s healthcare systems.

The team delivered

257 Welcome to UK practice workshops in 2025

involving

8,800 doctors – down 21.6% from 2024 ( 11,223 ).

Our employer liaison advisers held

1,174 meetings with responsible officers.

They also provided fitness to practise advice in relation to doctors. 3,137

General Medical Council 14

2025 in numbers

Overseeing education and training

We regulate all stages of a doctor's undergraduate and postgraduate education and training, setting standards and carrying out quality assurance (QA) work to make sure these are maintained. From 2025, as part of our statutory duty, we also set standards for providers of PA and AA courses, and we regularly check these are being met through our proactive and reactive QA processes.

Through our proactive QA process, we check that medical schools, postgraduate training organisations, and PA and AA course providers are continuing to meet our standards. We decide which organisations can award a UK primary medical qualification or a UK PA and AA qualification.

Our reactive QA processes promote and encourage local management of concerns about the quality and safety of education and training, through which emerging issues can be raised and monitored. If the issues are not resolved or worsen, cases relating to postgraduate medical training can be escalated into our enhanced monitoring process, which we use to address serious concerns where additional support is required.

In 2025 we carried out That is up 171 of the visits were in England . 13 of the visits were in Northern Ireland . 221 5.7% 18 of the visits were in Scotland . education QA visits. from 2024 ( 209 ).[] 19 of the visits were in Wales* .

191 were QA visits to medical schools, or clinical environments where medical education and training take place. 30 were enhanced monitoring visits , promoting the local resolution of concerns about postgraduate training.

From our QA visits, we found: 19 areas of good practice or working well . 64 areas where our standards were met , but where we identified improvements that could be made. 14 areas that required improvement .[†]

As a result of our reactive QA activities: 4 cases relating to postgraduate education were escalated to our enhanced monitoring process .[‡] 4 cases escalated previously were resolved .[§]

General Medical Council 15

2025 in numbers

Number of QA visits to PA and AA education providers carried out in 2025

In 2025 we carried out 49 of the visits were in England 2 of the visits were in Northern Ireland 54 2 of the visits were in Scotland PA/AA QA visits. 1 of the visits was in Wales

From our QA visits to PA and AA education providers, we found:

159 areas where our standards were met, but where we identified improvements that could be made. 7 areas that required improvement.

General Medical Council 16

2025 in numbers

Supporting the people we serve

Fitness to Practise Liaison Service

In 2025, our fitness to practise liaison service held 361 meetings with people who had raised a concern with us. 94%[of meeting attendees were satisfied or very satisfied with their meeting experience.]

92% of meeting attendees agreed or strongly agreed that staff showed empathy for their situation.

of meeting attendees agreed or strongly agreed they were satisfied 92% that their concerns had been understood during the meeting. of meeting attendees agreed or strongly agreed the meetings 92% helped them to understand what action the GMC could take.

Contact Centre

Our contact centre answered The contact centre also handled 99,108 74.2% 57,542 calls and of the calls and emails received webchat sessions. were from registrants, and 105,827 emails or letters. 25.8% were from members of the public and others. In 2025, we received That is down 1,366 9.7% complaints about our service. from 2024 ( 1,512 ).

General Medical Council 17

2025 in numbers

Investigating and acting on concerns

One of our key roles as a regulator is to investigate and act on concerns raised with us about our registrants. For doctors, we break this process down into three stages, which we call ‘Triage,’ ‘Investigation,’ and ‘Decision.’ We usually reach ‘Decision’ within six months, but the length of each stage depends on a range of factors and consequently, in some cases, the process can take a number of years. You can find out more about this process via our How we investigate concerns about doctors webpages, and about our process for PAs and AAs via our How we investigate concerns about PAs and AAs webpages.

Key:

Triage stage Investigation stage Case decision stage Interim orders

A concern is raised with us (typically by a member of the public, a healthcare professional or another public body).

Triage

We consider the information available and decide if the concern meets our threshold for investigation. The doctor and their employer are not yet informed.

We find that the doctor’s fitness to practise may be impaired, but the information is unclear, and/or more information is required.

We find that the doctor’s fitness to practise may be impaired.

We do not find that the doctor’s fitness to practise is impaired, or the case doesn’t meet our thresholds for investigation.

A provisional enquiry begins, where we conduct a limited, initial enquiry to decide whether or not to open a Typically takes full investigation. 11 weeks. We now inform the doctor and their employer.

We close the case with no action taken (but we may notify the doctor’s employer so they can consider any local action).

We find that the doctor’s fitness to practise may be impaired.

Interim orders

Investigation

General Medical Council 18

2025 in numbers

Continues from previous page

Interim orders

If at any stage we think the doctor’s practice should be restricted while we investigate, we can refer the doctor to an interim orders tribunal hearing.

Investigation

We open a full investigation . We collect further evidence (eg medical records, witness statements, expert reports). We share this evidence with the doctor and ask for their comments.

If there is an ongoing third-party investigation (eg by the police or coroner) we may wait for the outcomes, unless we identify an immediate risk to public protection. Sometimes those outcomes mean we will close the case with no action taken , without opening a full investigation.

Case decision

Two case examiners review all the evidence and make Typically takes a decision . 3 weeks.

We find no evidence We find a clear We find the doctor’s We find the Evidence suggests that the doctor’s breach of our behaviour or doctor’s behaviour such a serious fitness to practise standards , performance or performance to failure to meet is impaired. but decide to be significantly be significantly standards that, the doctor is fit below the standards below the standards if proven, to practise expected , but expected . We decide the doctor’s fitness without restriction. decide restricting that altering to practise would their practice is their practice is likely be impaired and We close the not necessary for to improve public the safety of the case with the safety of the safety , or to public , or the public's no action taken . public , or to maintain the confidence in We may issue maintain the public's confidence doctors , may be advice to the doctor . public's confidence in doctors . at risk. in doctors .

We issue a warning to the doctor .

We agree We refer the undertakings : an case to an agreement is made independent medical between us and the practitioners doctor about their tribunal future practice (MPTS) hearing . (eg committing to retrain, or ceasing certain actions or behaviours).

General Medical Council 19

2025 in numbers

Concerns raised about doctors[*]

13,465

concerns were raised with us in 2025.

This is a 25% increase on 2024 (10,769 concerns).

Percentage of concerns raised by the public

80% 2025 76.9% 2024

Of the 13,465 concerns that were raised with us in 2025, 80% were raised by patients or members of the public. That is higher than 2024 (76.9%).

Investigations

Not all the concerns raised with us meet our threshold for an investigation. Sometimes a concern is best dealt with at a local level or by having a conversation with the doctor, or should be brought before another organisation. We only take action where we find there may be a risk to patient safety or to public confidence in doctors.

997 223 ( 7% ) of the concerns That is lower than ( 22.4% ) of these That is lower than we received in in 2024 ( 8.4% ). referred to concerns in 2024 ( 26.2% ). 2025 met our raised by members of statutory threshold the public . for investigation .

  • In 2025, the number of concerns raised about PAs/AAs was not high enough to maintain anonymity when reported. Future publication of PA/AA concerns and outcomes will be reviewed once more data is available.

General Medical Council 20

2025 in numbers

Outcomes[*]

45.5% 309 of the investigations were
concluded with no action.
27.1% In 184 cases wereferred the case to the
Medical Practitioners Tribunal Service.
16.2% In 110 cases weissued warnings.
8.8% In 60 casesthe doctor
agreed undertakings.
2.4% In 16 cases weissued advice.

General Medical Council 21

2025 in numbers

Outcomes of MPTS tribunals[*]

In 2025, the Medical Practitioners Tribunal Service held160 tribunals. In 2025, the Medical Practitioners Tribunal Service held160 tribunals.
42.5% In 68 cases the tribunalsuspendedthe doctor.
30% In 48 cases the doctor wasremoved from the register.
14.4% In 23 cases the tribunal foundno impairment.
6.9% In 11 cases, while the tribunal found no impairment,
itissued a warning.
4.4% In 7 cases the doctor hadconditions put on
their practice.
1.3% In 2 cases the doctorvoluntarily removed themselves
from the register.
0.6% In 1 case the doctor’s practice was found to be
impaired butno further action was taken.
0% There were no cases where the doctor agreed
to undertakings.
Where we do not agree with
the decisions made by a tribunal,
we can appeal.
...........
In 2025 we made10appeals, compared to4in 2024.
3 appeals were successful,1appeal was unsuccessful and
6appeals were outstanding as of 31 December 2025.

General Medical Council 22

Delivering our strategy

Our work in 2025 was shaped by our 2021–25 corporate strategy, which set out four themes to help us achieve our 2030 vision.

We have since launched a new corporate strategy, covering 2026 to 2030. Our 2026–30 strategy is in many ways the continuation of our 2021–25 strategy, because our vision remains the same.

In this report we reflect on the progress we made in 2025 against our 2021–25 strategy. Our progress with our 2026–30 strategy will be reported in our 2026 annual report.

Our 2030 vision

We will be an effective, relevant and compassionate regulator for doctors, physician associates, anaesthesia associates, patients and the public, and as an employer.

2021–25 strategic themes

----- Start of picture text -----
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General Medical Council 23

Delivering our strategy

Progress in 2025

Our 2021–25 strategy has guided us through challenging times, including the effects of the pandemic, and has seen us become a multiprofessional regulator. It has allowed us to adapt as a regulator to support our healthcare systems as they faced exceptional pressures. The learning from a mid-point assessment we conducted in 2023 provided us with valuable insight that fed into the development work for our 2026–30 corporate strategy.

Below is a summary of the key activities we have undertaken in 2025 in support of our 2021–25 strategic goals.

Regulating PAs and AAs

On 13 December 2024, we began regulating physician associates (PAs) and anaesthesia associates (AAs), making us a multiprofessional regulator for the first time since the 1950s.[*] This followed a request in 2019 by the UK Government, supported by the devolved administrations, for us to be the regulator of PAs and AAs, and the passing of legislation in early 2024 to enable this.

Whilst registering with us is not a legal requirement for PAs and AAs until December 2026,[†] we have warmly encouraged these professionals to register as soon as they are able.

During the first quarter of 2025, we sent personal registration invitations to all members of the

pre-existing PA and AA voluntary registers, and followed these up with reminders in June. We also directly emailed all PAs and AAs who completed their qualification and became eligible for registration during the year. As of 31 December 2025, we had registered 3,909 PAs and 180 AAs.

Following engagement with PA and AA course providers by our education quality assurance team in advance of regulation starting, in April 2025 we formally approved 33 PA courses and 3 AA courses as meeting our standards.[‡]

The Leng review

In November 2024, the Secretary of State for Health and Social Care commissioned an independent review of the PA and AA professions in England. The purpose of the review, led by Professor Gillian Leng, was to gather evidence to consider the safety of the roles and their contribution to multidisciplinary healthcare teams.

Professor Leng published her fndings and recommendations on 16 July 2025. She made 18 recommendations in total, eight related to PAs, six related to AAs, and four regarding the wider system.

One of these recommendations is for the GMC, and calls on us to distinguish our regulatory requirements for different professions more clearly, indicating five actions we should implement in order to achieve this.

‡ In April 2025 we imposed conditions on the approval of four PA courses, out of the total of 33 that we approved (29 PA courses were approved without conditions). Having a condition on their approval meant that these four PA courses had to make improvements to their educational programmes so that we could be assured that their students were being trained to the standard we expect to maintain patient safety. All four of these courses have since provided evidence to assure us that standards are now being met, so we fully removed the conditions on the approval of three courses, and approved one course still with conditions, in December 2025.

General Medical Council 24

Delivering our strategy

We have since been considering the recommendations in detail and what they mean for us and others across the system, and have already started some work to implement them. We stand ready to join conversations at a system level to support the coordination of next steps.

A key measure Professor Leng has recommended is changing the PA and AA titles to ‘physician assistant’ and ‘physician assistant in anaesthesia’. We are planning to implement this change once the titles that are set out in law are updated. Until then, we will continue to use the current titles and respective abbreviations, in all our documentation and communications.

Regulatory reform

On 12 May 2025, the UK Government confirmed its commitment to prioritising the reform of healthcare professional regulation. We have long advocated for reform, and welcomed this announcement as a significant step towards creating a framework that better serves patients, and the professionals we regulate.

The current legislation, parts of which are now over 40 years old, is overly complex and rigid. Modernising it will give us a responsive framework that promotes public confidence, better supports doctors, PAs, and AAs, and helps us respond more quickly and flexibly to changes in the UK healthcare system.

Regulatory reform is a complex and technical process, and it will take time to draft, scrutinise, and implement the new legislation. However, we are confident that through continued collaboration with key partners, we can deliver a regulatory model that enhances patient safety and maintains public trust in doctors, PAs, and AAs.

The current focus of this work is on modernising the regulatory framework for doctors, with work already underway to draft legislation that will replace the Medical Act (1983). Following that, updates will be made to the legislation underpinning the work of other healthcare professional regulators, such as the Health and Care Professions Council and the Nursing and Midwifery Council.

Throughout 2025 we have been working closely with the UK Government’s Department for Health and Social Care (DHSC) as they develop the new legislation: The General Medical Council Order. We have also been working internally to prepare for how we approach transition – for example, how to transfer cases from the current legislative framework to the new one, or how we will migrate key data, such as registration records. We have shared our requirements with the DHSC so they can be reflected in the transitional provisions that will accompany the new legislation. We have also provided feedback on several iterations of The GMC Order over the course of 2025, and have made preparations to review the version that undergoes consultation.

Alongside the legislative work, we have been involving key audiences in shaping the future of regulatory reform. In particular, we have continued to engage with a panel made up of members of the public, doctors, PAs, and AAs, to explore and test specific topics that will sit under the new legislative framework. The panel is convened and managed via a third-party contractor, and has been consulted on a variety of topics so far – including, during 2025, on our role in relation to quality assuring education. We are using the panel’s insights to help us make sure that any changes currently being designed and implemented are clear, fair and easy

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Delivering our strategy

to understand. We published an evaluation of this engagement work on our website in November 2025. Because this approach has been so valuable, we have commissioned a further phase of this work, to allow us to continue hearing directly from these groups on specific topics (in addition to a formal consultation), before The GMC Order is introduced.

The consultation on our proposed future regulatory framework took place between 24 March and 23 June 2026, and, subject to parliamentary time, the DHSC expects to lay the legislation before the UK and Scottish Parliaments before the end of the year.

The future of education and career development (Future Ed)

Health services across the UK are changing, shaped by innovation, evolving patient needs and a more diverse workforce. To make sure medical education keeps pace, we are undertaking a major review of our standards, outcomes and guidance in relation to this area, aiming to introduce an updated education framework by 2030.

Our work on the Future Ed programme is organised around three main policy areas: assessment, career development, and the review of our education framework. These policy areas reflect our core regulatory functions, overseeing all stages of medical education and training. As an independent regulator, we work to make sure that education and training prepare doctors, PAs and AAs to deliver good, safe patient care across the UK. We set the standards for their education and training, approve undergraduate and postgraduate

programmes and the assessments they must pass, and oversee quality across learning environments through reviews and regular monitoring. We also engage widely across the system to understand their experiences and support high-quality learning.

Our Future Ed work on assessment, career development and the education framework ensures these functions remain aligned with modern practice, support good, safe patient care, and respond flexibly to the changing needs of learners, educators and employers across the UK.

In 2025, we broadened our engagement across the four nations to understand what needs to change. This included discussions with a wide range of stakeholders, including educators, employers, medical school staff, healthcare partners, representatives of patients and the public, and doctors themselves. Their insights are helping us build a clearer picture of the challenges and opportunities ahead.

Supporting educators remains a priority. Evidence shows they are under significant pressure, yet their role is central to high-quality learning and patient care. We are exploring how the system can better recognise and support this workforce, including through protected time, clearer expectations and more diverse routes into educational practice.

We are also considering how learning can be more flexible and better aligned with the needs of today’s population. This includes exploring how curricula can support more rounded learning, how we enable patient-centred care, and how training can reflect the realities of practice across different settings and communities.

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Delivering our strategy

Improving access to training for all doctors is another key focus. The growth in locally-employed roles highlights the need for more inclusive and adaptable learning pathways, so that the skills and experience doctors in these roles gain across our healthcare systems can be recognised and used to support career development. We are working with partners to explore how standards and quality processes can apply consistently across learning environments.

Importantly, equality, diversity and inclusion, together with the experiences of patients and the public, have a key role in shaping our thinking in relation to this area. The perspectives we gain from engagement around these topics are helping us to make sure our proposals reflect the needs of the whole population, and we are committed to creating more opportunities for meaningful input as the work develops.

In 2026, we will continue to test emerging ideas with stakeholders and prepare for further engagement. This will include a comprehensive survey of the UK’s locally-employed and specialty and associate specialist (SAS) doctors — the first since 2019 — to better understand their experiences and their opportunities to access training.

Ongoing collaboration and engagement will be essential as we develop a framework that supports a sustainable workforce and delivers high-quality care for patients across the UK.

Delivering our core functions

Like in previous years, in 2025 we continued to maintain a strong focus on the effective delivery of our core areas of work.

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Delivering our strategy

Using data, research and insight

As part of our work, we produce and share data, research and insights on education and practice, to support our understanding of current trends in the sector and the development of wider healthcare policies and plans across the UK.

In 2025, we contributed to the call for evidence for the 10 Year Workforce Plan, and the Care Quality Commission’s consultation on Better regulation, better care , both relating to England.

In Northern Ireland, we responded to the Department of Health’s Duty of Candour and Being Open Policy Proposals, having initially responded

to the consultation on the topic in 2021. And we responded to a call for written evidence on the Northern Ireland Assembly’s Adult Protection Bill, as well as to a consultation on the Revised Code of Practice for the Mental Health Order.

In Scotland, we contributed to the consultation on the proposed creation of the NHS Delivery body. Furthermore, we worked closely with the Scottish Government on the Future Medical Workforce Project by sharing the data, insights and intelligence we’ve gathered through our Future Ed programme so far.

In Wales, colleagues responded to range of consultations, including Health Education and Improvement Wales (HEIW)’s call for evidence on its education strategy, its consultation on the All Wales Competency Framework for Palliative and End of Life Care, and Health Inspectorate Wales’s (HIW) 2026–2030 strategy consultation. We also contributed to the Welsh Government's consultation on the NHS Wales Bursary.

Much of what we contributed and shared stemmed from our regular work to understand the workforce and the factors affecting retention, as well as our work to quality assure training environments for doctors in postgraduate training. This work included:

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Delivering our strategy

flexibility in medical training to avoid losing talented professionals from the workforce.

Our data and research work in 2025 has strengthened our position as a key health commentator and influencer on workforce issues. Through reports including The state of medical education and practice in the UK and our national training survey, we’ve informed workforce planning and highlighted pressure points such as those around training capacity, supervision gaps, and burnout. Our use of data has also allowed us to monitor, assure, and develop the way we make regulatory decisions, ensuring we remain a fair regulator; for example, in 2025 we made progress towards setting up and running monitoring, reporting and external assurance measures for fairness and bias in 41 high-impact regulatory decisions that span our functions.

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Delivering our strategy

Protecting the environment

We launched our net zero plan in 2023, setting a target for us to become a net zero organisation by 2040, meaning our impact on the environment will be neutral. We have an intermediate aim to reach net zero emissions for scopes 1 and 2 by 2030,[*] underpinned by a commitment to reduce our emissions as much as possible before offsetting any residual emissions.

We have reduced our combined scope 1 and scope 2 market-based emissions[†] in 2025 because of a switch to renewable electricity tariffs at all our office sites. These emissions have reduced from 556 tonnes in 2019 to 155 tonnes in 2025. Alongside this, our overall electricity consumption has fallen in recent years due to energy efficiency projects we have undertaken. We replaced our UPS batteries with greener alternatives, installed additional LED lighting, reduced kit on desks, and added secondary insulation and glazing at one of our sites.

Our procurement and supply chain represents our largest area of emissions overall, and we have taken steps to engage with our top suppliers about their own sustainability credentials.

Our business travel emissions have also reduced since 2019 (from 727 tonnes of carbon dioxide to 312 tonnes in 2025), as we switched to more virtual ways of working post-pandemic. Our Green Travel Plan is helping us to explore what we can do to reduce our travel emissions further, and in 2025 we ran our third annual travel and homeworking survey which collects actual data from colleagues.

We also strengthened our approach to sustainability and climate action by reviewing how these themes could be reflected in medical education expectations, and reflecting on how medical schools and other education providers could improve things in practice. Our Future Ed programme identifies sustainability and climate action as a priority area for development, and we expect to do more work in this area in the coming years.

And as part of an annual awareness-raising competition we hold in collaboration with the Medical Schools Council, we asked medical students to create engaging online content exploring why sustainability in healthcare is included as a duty within the GMC’s core guidance for doctors. The winning entry was a short video by a second-year medical student at King’s College London, which the judges praised for its innovative approach.

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Delivering our strategy

Investing in our people

During the year we also made further progress on the ‘investing in our people’ theme of our strategy.

Equality, diversity and inclusion

Equality, diversity and inclusion (ED&I) are integral to all our work as a regulator, and as an employer.

In 2021, we established two key targets in relation to ED&I:

We have been running programmes of work designed to help achieve each of these targets, as well as improvements in two other areas: inclusivity within the GMC and regulatory fairness.

We report on all of these programmes to our Council, and publish an ED&I annual report to share the progress made towards these targets and what next steps we think that we and others need to take to improve.

Promoting social responsibility

In 2025 we welcomed seven apprentices to different teams across the GMC, including business planning, information services, investigations, and the Medical Practitioners Tribunal Service. Apprenticeships provide exciting and varied career opportunities to those who may not have access to further education, or who particularly benefit from on-the-job training.

We also started to use apprenticeships for current colleagues across the organisation, with heads of section joining leadership programmes, and several colleagues in data, research and insights enrolling on data-related courses.

We believe young people must have a fair and equal opportunity to become our doctors of the future, so widening participation in medical education continues to be a priority for us. In 2025 we hosted events for two London-based organisations, Melanin Medics and The Aspiring Medics, which each support ethnic diversity and widening participation in UK medical training and

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Delivering our strategy

careers for students from a low socio-economic background. These events provided a day packed with tutorials and speakers for attendees.

I liked how the day had a range of different sessions to keep everyone engaged. I also liked the opportunity to ask the panel of doctors questions.

Looking to the future

In January 2026, we launched our 2026–30 corporate strategy.

The new strategy builds and expands on the ambitions of our 2021–25 strategy, aiming to achieve our 2030 vision of being an effective, relevant and compassionate regulator – one that works in partnership with others, guided by evidence and by our commitment to equality, diversity and inclusion.

Foundation year student, Leeds Medical School

We also invited students from medical schools at Edge Hill, Leeds, Lancaster and Leicester universities to visit our office in Manchester. All these students had joined medical training through a widening participation scheme.

I really liked how interactive the whole event was. It really engaged us as listeners and gave us insight into how the GMC operates and how we can thrive in medical school.

Foundation year student, Leicester Medical School

In developing the new strategy, we made significant efforts to hear and understand the views of patients, the professionals we regulate, students, partners in the UK’s healthcare systems and the people who work for us. We also considered the pressures that the healthcare system has faced during the implementation of the 2021–25 strategy.

While our vision remains unchanged, in our new strategy we have been clearer about what relevant, effective and compassionate mean in practice.

We have also retained the flexibility of our previous strategy, while being more granular about our objectives, how they relate to success, and how we will use the ambitions of our new strategy to make choices about where best to focus our efforts.

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Delivering our strategy

Our 2026–30 corporate strategy has four strategic themes:

2026–30 strategic themes

----- Start of picture text -----
Supporting
good, safe
patient care
We’ll work with others
to create healthcare
environments that are
inclusive, supportive
and fair.
Delivering
better, fairer
regulation
Our vision
We’ll modernise
To be an effective,
Being an inclusive relevant and compassionate our processes to make
and well-run them faster, fairer
multiprofessional
organisation regulator for patients, and better able to
support good practice.
We’ll invest in our people the public and professionals,
and culture, and use and as an employer.
resources responsibly,
to maximise
our impact.
Making every
interaction matter
We’ll make our
services accessible and
treat everyone with
kindness, respect
and efficiency.
----- End of picture text -----

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Our work across the UK

Our outreach teams engage directly with doctors, physician associates (PAs), anaesthesia associates (AAs), students, employers, educators and other stakeholders to support the delivery of good, safe patient care.

The strong local relationships they build allow us to promote good practice and to influence positive, constructive change for doctors, PAs, AAs, patients and other stakeholders in the UK’s healthcare systems.

The teams include regional or national liaison advisers, employer liaison advisers, senior advisers, operational coordinators and assistants, business and project managers, and more than 20 associates working across England, Northern Ireland, Scotland and Wales.

In England, the teams are organised to reflect the seven geographical NHS England regions: with the exception of London, each England outreach team covers two NHS England regions. In Northern Ireland, Scotland and Wales, the teams cover the entirety of the respective nation. This approach ensures that each region or nation is considered separately, so that productive relationships and engagement happen at the right level, through teams of a manageable and effective size.

In particular, the teams:

This external engagement builds positive relationships across our healthcare systems, helping also to improve understanding of who we are and what we do, fostering trust in our work.

In this section of the report, we highlight some of the work our outreach teams have done in collaboration with partners in 2025. Each example helps to demonstrate the breadth of our outreach work and the positive impact of targeted, timely frontline support. They also show the value of building strong relationships and sharing expertise, with the aim of promoting good, safe patient care and improving work environments for doctors, PAs, AAs, and those who work with them.

You can find out more about our work in Northern Ireland, Scotland and Wales by reading our latest national reports.

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Our work across the UK

Supporting internationallyqualified doctors to talk about end of life care

We know from our outreach work that internationally-qualified doctors can feel less confident holding end of life care conversations than UK-trained ones. Depending on how long they have been practising in the UK, standard UK practices and cultural habits with regard to end of life may be new to them, and approaching these conversations (especially where language barriers may still exist) can be daunting.

To support internationally-qualified doctors to develop skills to manage and talk about this emotive and sensitive subject more effectively, our Regional Liaison Advisers in the North of England began working with NHS England end of life care clinical strategic and project leads to identify ways we could help.

Together, they developed a virtual end of life care training session for internationally-qualified doctors working in the North East, Cumbria, and Yorkshire and Humber, and started delivering it in 2025.

The session covers aspects such as communication and cultural perspectives with guidance and information on our professional standards, including with regard to end of life.

Case scenario examples from practice, and opportunities to ask questions, helped translate learning into real-world application.

Doctor who attended the end of life care session

Everyone involved in planning and delivering the sessions found them particularly rewarding to work on, saying they were making a tangible, positive contribution in supporting sensitive and practical patient care at what can be an incredibly difficult time not only for patients and their families, but also healthcare professionals.

Interest in the session was very high, with 76 doctors attending the first two, and more than 100 signing up to a waiting list by the end of the year. We are now delivering further sessions, and are working with colleagues to consider rolling out the training to other areas of the UK.

Eye opening session with a lot of materials to help us learn.

Doctor who attended the end of life care session

Developing training and networks for responsible officers

Our employer liaison advisers (ELAs) work with responsible officers (ROs) around the UK to support them in managing concerns about doctors and their revalidation. An RO is a senior doctor (often a medical director) who is responsible for ‘clinical governance,’ which focuses on the behaviour and performance of other doctors. Among other things, they evaluate a doctor’s fitness to practise and make a revalidation recommendation to us.

ROs in England receive training and induction for their roles from NHS England. Until 2023, this was provided by an external company, with GMC input. In 2023, however, NHS England decided to work directly with us and NHS Resolution to begin providing this training and induction.

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Our work across the UK

Our outreach and revalidation teams developed and delivered a dedicated training package for ROs to prepare them for the day-to-day challenges of their role, and to make sure they understand the governance responsibilities they have when it comes to managing patient safety concerns and involving doctors effectively in the process.

The training encourages ROs and their teams to consider and challenge their organisational culture and internal governance when responding to concerns about doctors, ensuring fair and consistent processes regardless of a doctor’s background, experience or protected characteristics.

It comprises new materials describing the core role of an RO, the role of our outreach advisers, and our fitness to practise and revalidation processes. The team also developed a set of case studies with examples of local concerns ROs might face.

In partnership with NHS England and NHS Resolution, we now deliver full-day training sessions for ROs based on this model at our offices in Manchester and London, with ELAs available to support discussions and provide advice and guidance.

We have also developed an online follow-up session which is delivered approximately six months after the initial training. This gives ROs the chance to check in and ask any questions after more experience in their role, creating a community of peers and the opportunity to continue conversations around fairness in processes.

In 2025 we hosted ten training days as part of this initiative, supplemented by follow-up sessions for around 200 new ROs and their teams to share experiences and any areas of concern.

The training was excellent and answered all of my concerns. Feedback from an RO about new training

The direct involvement of ELAs in developing and delivering the training is not only helping ROs at the very start of their journey – it also helps reinforce good practice in the longer term, as it contributes to building ever stronger relationships with these professionals.

Our London outreach team has also been instrumental in supporting ROs working in the pharmaceutical industry, identifying the need for and establishing a peer network specifically for this niche group.

Following a number of conversations with ROs in these positions, our outreach ELAs identified the need for specialised content to support their work, as well as a practical mechanism to share that content with ROs that are spread across the country.

As these ROs do not work under a single Higher Level RO who can coordinate and run a support network, our ELA arranged a pilot meeting and established clear terms of reference.

Since then, we have identified and approached more pharmaceutical ROs and designated bodies that might benefit from joining the network, and by the end of December 2025 the network comprised over 20 ROs and their teams.

Good interaction and lots of opportunities to ask questions.

Feedback from an RO about new training

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Our work across the UK

As well as providing a platform for us to share key updates on our guidance and help upskill pharmaceutical ROs on relevant topics such as AI in healthcare, the new network has also already played a pivotal role in designated bodies updating their local fitness to practise policies, based on discussion and inputs from network participants.

Welcoming PAs and AAs into regulation

In December 2024, we began regulating PAs and AAs.

To help these professionals understand what it means to be regulated, in 2025 we implemented a dedicated programme of communications, aimed at introducing them to the GMC and providing them with a clear understanding of our role and the support we provide.

As part of this, newly-registered PAs and AAs have been receiving a monthly e-newsletter, with each edition focusing on a different aspect of our role as a regulator.

In 2025, we sent an introductory ‘Welcome to the register’ email to 3,978 newly-registered PAs and AAs. The email has so far been opened by 85% of recipients. We have also seen similar average open rates (80%) for the further nine editions of the new e-newsletter for PAs and AAs.

In a perceptions survey we ran to assess how well our communications had been received, 67% of PAs/AAs said they felt they had received the right amount of communication from the GMC; 89% agreed the information had been clear and easy to understand, and 73% agreed it had been helpful and empathetic.

I cannot tell you how much your newsletter has made my day. The kindness and confidence you share in your words is so encouraging.

Physician associate

Alongside our written communications, our outreach teams across the UK also delivered in-person and virtual sessions to PAs, AAs, and students of these professions, to welcome them to professional regulation and help them understand how it works. The sessions also introduced PAs and AAs to Good medical practice standards so they can begin to see how to apply these in their work with patients and colleagues.

We also delivered a session designed specifically to help employers understand the systems they will need to have in place to confidently manage any concerns that may be raised about PAs’ and AAs’ practice, and how they can help these professionals keep their knowledge and skills up to date.

In total our outreach teams delivered 43 sessions to around 1,500 PAs, AAs and students, and more than 250 employers.

[This session gave] clarity on roles and responsibilities of all organisations involved, and acknowledgment of work still in progress.

Employer who attended a session

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Our work across the UK

Supporting good, safe maternity care

Everyone should get maternity care that is safe and compassionate. But we know that hasn’t always happened. Some women and families have had very traumatic and tragic experiences that changed their lives.

As an organisation that learns and improves, we are working to engage more closely with women and families to listen to their concerns and take action where it’s needed. Part of our role includes supporting the Ockenden Maternity Review into maternity services in Nottingham, as well as the national investigation into NHS maternity and neonatal services.

In 2025 we engaged with women and families in Nottingham, giving them the choice about whether to meet with us independently or jointly with the NMC to avoid them having to re-tell the traumatic events that happened to them.

Our outreach teams across England and Wales also worked with key stakeholders to raise awareness of who we are and what we do as a regulator, aiming to support women and families who have concerns about the maternity and neonatal care they received.

We want to make sure that women and families affected by issues in maternity care receive the right advice and support from the right organisations, which includes explaining what we do, the types of concerns we look at, and how to raise a concern about registered professionals if they want to.

As part of this, we worked with UK maternity charities to produce a new resource about our role that can be shared with women and families who had difficult experiences and have concerns about their care.

We also reviewed and updated some of our public-facing resources and our website to make sure they are as helpful as possible.

In addition, in England we engaged with Maternity and Neonatal Voices Partnership leads and fitness to practise liaison teams in local areas in England where women and families have raised concerns, and with UK maternity charities who work with and on behalf of families.

In Wales, we worked with Llais, the patient voice body, to support their work with women and families around maternity care, and we contributed as a member of the Welsh Government’s stakeholder panel for a national assessment of maternity and neonatal services. We also joined the Nursing and Midwifery Council (NMC), Health Improvement Wales, and NHS Resolution on a regulator panel at the Swansea Bay Maternity and Neonatal Learning Conference, attended by patients and professionals. Our outreach teams across the UK continue to work with partners to support improvements in maternity and neonatal care, and we have worked with the NMC to deliver joint sessions for doctors and nurses in obstetrics and midwifery as part of our wider programme of work on professional behaviours and positive cultures.

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Our work across the UK

Facilitating fairer feedback conversations

Tackling discrimination and inequality is an urgent priority for everyone working in our health services. It’s the right and fair thing to do. It is also vital in helping retain doctors working in the UK and supporting high-quality patient care.

Our data and research continue to show that rates of training and career progression in medicine are different when we look at groups based on protected characteristics, and particularly ethnicity.

We have identified areas of inequality which we and other organisations can work together to address and have set targets to help us all keep focused on creating long-lasting changes. As mentioned in the Delivering our strategy chapter earlier in this report, one of these focuses on discrimination, disadvantage, and unfairness in undergraduate and postgraduate medical education and training. We want to eliminate this by 2031.

In Northern Ireland, GP training has greatly diversified in recent years, with almost 30% of current GP trainees being internationallyqualified. In recognition of the issues doctors from ethnic minorities face when it comes to training, our outreach team in Northern Ireland helped to pilot ‘Fairer feedback conversations’, a half-day interactive workshop which aims to raise awareness of differential attainment in healthcare.

Primarily aimed at clinical supervisors who facilitate formal feedback conversations, the workshop covers the role feedback conversations have in trainee attainment and explores various ways in which participants can proactively facilitate fairer feedback conversations. Attendees are also encouraged to reflect on their own worldview, how it may differ from those that they have supervisory responsibilities for, and what impact that might have.

Through our work with Northern Ireland Medical and Dental Training Agency (NIMDTA), we are now delivering the new workshop to all GP trainers across Northern Ireland. In 2025, it was delivered to over 120 participants across two of the five locality trainer groups. We are looking forward to rolling this out further in 2026.

I feel more aware of cultural bias, and how we can continue to work towards being an inclusive workplace for everyone.

Workshop attendee

I have more awareness of how sayings and phrases can be interpreted differently, and how this applies in feedback.

Workshop attendee

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Our work across the UK

Supporting the Scottish Government to nurture a workforce fit for the future

The Scottish Government’s NHS Renewal work aims to explore and understand the challenges and opportunities for Scotland’s medical workforce over the next 15–20 years, and the route to deliver a workforce with the right skills and expertise for the population need.

A key part of this is the Future Medical Workforce Project, led by the Government’s medical education and training unit. The first phase of the project in 2025 included extensive engagement across Scotland to map out population need and doctors’ expectations. A report outlining phase one fndings, capturing how 2,000 doctors across Scotland see the realities of working in today’s health system and their hopes for the future, was published by the Scottish Government in December 2025.

Our Scotland team, supported by education policy and data and research colleagues, engaged extensively with the Scottish Government on this important phase one project, working in collaboration alongside many other partners in the country.

The report on phase one of the project reflects how the medical workforce is changing, and how doctors’ education, training and development will need to change and adapt in the future. That aligns with our own ambitions, which include a comprehensive review of medical education and training to ensure we build education programmes that provide doctors with flexible, fair and innovative learning, and that equip them with the skills they need to provide the best patient care.

Phase two of the project is underway in 2026, focusing on co-designing solutions with the profession, and we look forward to continuing to collaborate on this vital work.

Thank you for your openness and insight during this exploratory stage. Your engagement has been critical in shaping the [report’s] findings.

Neil Gray, Cabinet Secretary for Health and Social Care, Scottish Government

We offered policy insight and expertise developed through our Future of education and career development project, as well as workforce and data and insight derived from our register and from research.

We were also pleased to be part of the Scottish Government’s Research Advisory Group, contribute to a data roundtable, and join stakeholder workshops. Through these we sought to ensure that their work was positively informed by our data and insight.

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Our structure, governance and mana ement g

Council and other governance groups

Council is our governing body. It provides strategic direction, holds the executive to account, and takes major high-level policy decisions. It comprises 12 members from the four countries of the UK. Six are registrant members and six are lay members.

We are a registered charity and our Council members are also the trustees of the organisation.

They are all independently appointed by the Privy Council through a process that follows the Professional Standards Authority’s guidance for making appointments to healthcare professional regulatory bodies.

The trustees between 1 January 2025 and 31 December 2025 were:

All Council members are also asked to declare any conflicts of interest. These are listed in a register of interests published on our website.

Council members participate in regular one-to-one meetings with the Chair, annual appraisal reviews, and in a 360-degree feedback process that takes place every two years. The process includes consideration of any learning and development needs and revisits actual or perceived conflicts of interest to make sure any potential conflicts identified are manageable.

As a charity, we take into account the eight principles set out in the new version of the Charity Governance Code (published in November 2025). As with the previous version of this code, we use it to help us identify areas for improvement and aim to apply or explain all elements. Our governance team has reviewed the ‘suggested evidence and assurance’ for each principle and is satisfied, but in summer 2026, we plan to undertake a more formal stocktake against this new code on

an apply or explain basis. As part of this we expect to move to an annual cycle for Council effectiveness reviews, as with those undertaken for other committees.

The Governance Handbook sets out the role of the GMC and each element of the governance framework of the organisation. In December 2024, we reviewed it to re flect the introduction of the Anaesthesia Associates and Physicians Associates Order (AAPAO). Changes were made to reflect that the GMC is now the regulator of doctors, PAs, and AAs. The schedule of authority (or scheme of delegation from Council) was updated and introduced Authorised Decision Makers to perform

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Our structure, governance and management

roles under the AAPAO which are similar in nature to the roles performed by Assistant Registrars under the Medical Act. Any other updates are made with Council’s approval on an ongoing basis.

As well as supporting Council in maintaining high standards of governance, our corporate governance team also provides training and advice to the organisation on matters of governance. Each committee accounts to Council through a formal report, and Council and each committee undertake to review the committee's effectiveness in delivering their statement of purpose, which is reviewed annually.

Council business is conducted in an open and transparent manner and the agenda and papers for each meeting are published on our website.

Council generally meets six times a year. It meets in London, in Manchester and once in either Belfast, Cardiff or Edinburgh. In addition, a strategic away day takes place once a year.

The diagram on the following page shows the different governance groups that assist Council in carrying out its responsibilities effectively. These have all been agreed by Council. The roles and activities of these groups are described in the pages that follow.

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Our structure, governance and management

----- Start of picture text -----
Council Governance
Council
Audit and Risk Committee
MPTS Committee
Remuneration Committee
GMC / MPTS
Investment Committee Liaison Group
Executive Governance
Executive Board, People and Development Board
SMT, Planning Gateway, Programme Boards
Formal Engagement
Advisory Forums
Northern Ireland Education
Scotland Strategic ED&I
Wales GMC procedures and doctors’ health
Liaison Groups
Task and Finish Groups
----- End of picture text -----

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Our structure, governance and management

Audit and Risk Committee

In 2025 the Audit and Risk Committee (ARC) was chaired by Vanessa Davies. Its external co-opted members were Jon Hayes and Aneen Blackmore.

The Committee plays a key part in our governance, providing Council with independent assurance about:

The Committee met five times in 2025, and provided a short briefing note on key issues to Council after each meeting. It also formally reported to Council twice, in June and December. You can find more about its work in the Audit and Risk Committee report section later in this report.

Remuneration Committee

In 2025, the Remuneration Committee was chaired by Alison Wright.

The Committee advises Council on the remuneration, the terms of service and the expenses policy for Council members, including the Chair. It oversees the recruitment process of the Chair and Council members before their appointment by the Privy Council. It determines the appointment process for the Chief Executive and Medical Practitioners Tribunal Service (MPTS) Chair, and the remuneration, benefits and terms of service for the Chief Executive, Directors, MPTS Chair and MPTS Committee members.

In 2025, the Committee was actively engaged in the process to recruit a new Chair of the MPTS and one new Council member. It is also responsible for making sure the assessment and measurement of performance, recruitment and succession planning take place within an appropriate framework for the senior management roles within its remit. The Committee reports annually to Council and met twice in 2025.

Investment Committee

Douglas Millican chaired the Investment Committee (IC) in 2025. The Committee’s external co-opted members during 2025 were Mike Jennings, Keith Mackay (until 30 April) and Paul Cox (from 26 May).

The Committee is responsible for:

The Committee reports on investment

performance to Council at each Council meeting, and it reports on the performance of the portfolio to Council on an annual basis. It met five times in 2025.

General Medical Council 44

Our structure, governance and management

GMC Services International

GMC Services International (GMCSI) was established by Council in 2016 as a wholly owned trading subsidiary of the GMC. Its main objective is to offer the GMC's support and expertise to countries and institutions working to improve standards of healthcare, who have less experience with the regulation of healthcare professionals and of medical education. Robust and effective governance arrangements are in place to make sure that our interests are protected and that our relationship with GMCSI is managed effectively.

Council has overall responsibility for GMCSI; the Investment Committee oversees our investment in GMCSI; and the Audit and Risk Committee considers the risks to the GMC from the operation of GMCSI, conducting routine internal audit and spot checks as appropriate.

Andrew McCulloch chaired the GMCSI Board until 31 May 2025. Jay Verma assumed the chair from May onwards. The Board comprised (in addition to the Chair) Paul Reynolds, Alison Wright, Deepa Mann-Kler, Colin Melville (until the end of June 2025), Pushpinder Mangat (from July 2025) and Helen Featherstone. Thalia Georgiou and Victoria Cheston were independent Board members during 2025. The Board met five times in 2025.

Jay Verma and Thalia Georgiou stepped down from the board in December 2025, with effect from 11 Jan 2026. Alison Wright stepped down from the board when she left Council in December 2025.

Board of Pension Trustees

The GMC’s defined benefit staff superannuation scheme, which is now closed, is managed and administered by a board of trustees in accordance with the scheme’s trust deed and rules. The trust makes sure the pension scheme’s assets are kept separate from those of the employer and is a separate entity to the GMC. Accordingly, it reports via its own, separate annual report.

The scheme’s trustees are responsible for the proper running of the scheme, including the collection of contributions, the investment of assets and payment of the pension benefit commitments made by the employer.

Graeme Caughey chaired the Board during 2025. He is an employer-nominated trustee, along with Vanessa Davies, Raj Patel and Ian Hodgson. John Foley, Paula Robblee, Samantha Anthony, Martin Hart (until 30 April) and Helen Sinclair (from 1 May) are member-nominated trustees.

MPTS Committee

The Medical Practitioners Tribunal Service (MPTS) runs hearings that make independent decisions about whether doctors, PAs and AAs are fit to practise in the UK. It operates separately from the investigatory role of the General Medical Council. A key part of our governance structure is the statutory MPTS Committee, which makes sure the MPTS meets its responsibilities under the Medical Act 1983 and the AAPAO. Her Honour Judge Deborah Taylor was the Chair of the MPTS until May 2025, when she stepped down in order to chair the Nottingham Inquiry. Gill Edelman, a member of the MPTS Committee, served as Interim Chair for the remainder of the year.

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Our structure, governance and management

The GMC / MPTS Liaison Group is another core part of our governance framework. It is chaired by the Chair of Council and oversees the working relationship between the MPTS and the functions of the GMC with which it interacts.

Executive Board and People and Development Board

The Executive Board is the senior decision-making and oversight forum providing strategic direction, scrutiny and reporting to Council by the GMC’s senior management team. The Board meets monthly (except for August) and reports to every meeting of Council through the Chief Executive’s report and via a separate annual report.

The People and Development Board is chaired by the Chief Executive and meets five times a year to bring focus to our people strategies. The outcome of its work is reported to Executive Board, and on to Council.

UK Advisory Forums

We have well-established Advisory Forums in Northern Ireland, Scotland and Wales, which make sure we have effective engagement and consultation with key interest groups in each country, and that our policies are suited to all parts of the UK. Through the forums we share and discuss early-stage views on policy development, which allows us to focus on medium and long-term priorities in dialogue with our partners.

range of those who have an interest and expertise in the areas under our regulation across the UK. The forums report on their work to the Executive Board twice a year.

Strategic Equality, Diversity and Inclusion Forum

Our Strategic Equality, Diversity and Inclusion (ED&I) Forum helps us make sure that our activities respond to the needs of diverse groups of registrants. Paul Reynolds, Director of Strategic Communications and Engagement, chairs the Forum which comprises organisations representing registrants with shared protected characteristics. It helps us meet our ED&I objectives by providing feedback and advice on our policies and strategies and raising issues and concerns requiring our attention in relation to ED&I. The work of our Race Equality Forum brings together a range of stakeholders with a specific interest in race equality to sit alongside our overarching Strategic ED&I Forum to provide a more specific focus. In 2025, the Strategic ED&I Forum discussed:

l our regulatory reform programme

l issues arising from the conflict in the Middle East

l our corporate strategy

l education reform

l MPTS sanctions banding guidance.

Dame Carrie MacEwen chairs the three forums, which are also attended by the Chief Executive and nation-specific Council members and senior staff from the GMC. The wider invited membership differs from country to country and reflects the diverse

General Medical Council 46

Our structure, governance and management

GMC Procedures and Doctors’ Health Forum

Our Advisory Forum on GMC Procedures and Doctors’ Health provides expert advice to our Executive Board on how we engage with vulnerable doctors in GMC processes. The Forum may, as required, advise on GMC policies, guidance and training for staff.

Membership includes representatives from the Royal College of Psychiatrists, the Royal College of GPs, the Faculty of Occupational Health, the Conference of Postgraduate Medical Deans, and NHS Providers.

Education Advisory Forum

The Education Advisory Forum engages with our key interest groups on education, training and assessment matters, making sure we are able to develop and promote a strategic approach to this work across all countries of the UK.

Member attendance at Council, Boards and Committees in 2025[*]

----- Start of picture text -----
Member Council attendance [†] Committee attendance
----- End of picture text -----

Dame Carrie MacEwen(Chair) 6/6 NA
Vanessa Davies 6/6 10/10
Deepa Mann-Kler 5/6 8/10
Douglas Millican 6/6 6/6
RajPatel 6/6 6/7
Suzanne Shale 5/6 9/9
Jeeves Wijesuriya 5/6 7/7
Alison Wright 6/6 7/7
Keith Lloyd 5/6 4/5
Olamide Oguntimehin 6/6 3/4
Jane Ramsey 6/6 2/2
WendyWilliams 6/6 3/4
Aneen Blackmore(ARC co-opted member) N/A 4/5
Jon Hayes(ARC co-opted member) N/A 5/5
MichaelJennings(IC co-opted member) N/A 4/4
Keith Mackay N/A 1/1
Paul Cox(IC co-opted member) N/A 3/3

† Includes six Council meetings.

General Medical Council 47

Our structure, governance and management

Management

In 2025, our staff were under the direction of Chief Executive Charlie Massey. He is supported by a team of directors, who as of 31 December 2025 were:

In setting the base pay for individual posts, the Committee will take external advice on roles within its remit and align salaries with an appropriate market rate subject to resource considerations.

An annual consolidated pay award is considered with reference to the organisation’s level of performance, the financial implications of any award, the award agreed for other GMC employees and wider market trends. An annual variable non-consolidated element is considered, reflecting personal performance and the same considerations applied to any consolidated award. We review the effectiveness of these arrangements on an annual basis.

Key management personnel: remuneration policy

The Remuneration Committee is responsible for determining the remuneration, benefits and terms of service for the Chief Executive, Chair of the MPTS and directors. The Committee sets all aspects of salary or honoraria, the provision of other benefits, and any other arrangements or contractual terms for this group of staff. The Committee also oversees terms and conditions for Council members (including the Chair) by benchmarking and seeking independent market advice when necessary.

The Committee considers that we should provide remuneration and rewards that will attract and retain the high-calibre staff necessary to enable us to fulfil our statutory remit and deliver our strategic objectives.

Staff within the Remuneration Committee’s remit will usually be entitled to the benefits package available to all GMC employees on the same terms. The Committee retains the ability to withdraw, adjust or change any benefits for staff within its remit, subject to any consultation and contractual requirements. The Committee considers any additional benefits in kind (such as relocation payments) on a case-by-case basis.

New external staff appointees within the Committee’s remit are automatically enrolled into our defined contribution pension scheme. Where employees have existing agreed pension arrangements, such as membership of our defined benefit scheme, they retain this for the course of their employment, subject to any changes to the rules agreed by Pension Scheme trustees and the employer.

The Committee makes sure that the equality and diversity implications of remuneration policy and related decisions are considered appropriately. Specifically, it makes sures that:

  • Pushpinder Mangat became Medical Director and Director of Education and Standards on 1 July 2025 after a brief handover and induction period working alongside Colin Melville, who retired from the role in June 2025.

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Our structure, governance and management

Other decisions relating to terms of service are supported by appropriate advice on any equality and diversity implications.

General Medical Council 49

2025 financial review

The accounts for the year ended 31 December 2025 have been prepared in accordance with the Charities Statement of Recommended Practice (FRS 102).

Our free reserves, which are total reserves less the defined benefit pension deficit and fixed assets, were £56.7 million at the end of 2025, up from £48.9 million at the end of 2024, primarily driven by an operational surplus, which leaves reserves in the upper half of our target range.

Our total income and expenditure in 2025

In 2025, we generated unrestricted income of £169.8 million, which was £5.7 million higher than 2024. This was due to the increase in the number of doctors on the medical register, however this was offset by a reduction in PLAB income of £6 million.

We have a further £1.7 million of restricted income in our accounts, from the UK Government’s Department of Health and Social Care (DHSC), to cover the net cost, after accounting for physician associate (PA) and anaesthesia associate (AA) fee income, of regulating PAs and AAs.

We introduced a registration fee for PAs and AAs at the point regulation began on 13 December 2024, which is designed to recover the costs of regulation from those professions, in accordance with schedule 4, para 8 (3) of The Anaesthesia Associates and Physician Associates Order 2024.

Schedule 3, para 6 (b) of the Order also requires us to consider the impact of any changes to fees on the workforce of the health service in the United Kingdom, PAs, AAs, and the regulator. In December 2025 Council approved an inflationary uplift to the fee of 3.8%, to take effect in April 2026. We consider that a fee increase of this level will have no material impact on either the workforce or PAs and AAs, however it does allow us, the regulator, to continue to recover costs in line with schedule 4, para 8 (3) of the Order.

We generated £1.4 million in fees from registering PAs and AAs. During 2025 the cost of regulating PAs and AAs was fully met through PA and AA fees and funding provided by the DHSC.

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2025 financial review

As regulation commenced in December 2024, the intangible IT development costs, which were funded in prior years, have been amortised in line with our policy, resulting in £2.6 million of costs contained within the statement of financial activities.

Our unrestricted charitable expenditure in 2025 was £158.4 million, an increase of £6.3 million on 2024. This growth in expenditure was the result of inflation on our cost base.

The charity had no fundraising activities requiring disclosure under S162A of the Charities Act 2011.

Reserves policy and going concern

Our level of reserves and our reserves policy are reviewed annually, and any financial implications are addressed as part of the budget-setting process.

Our total reserves are made up of free reserves, reserves backed by fixed assets, and pension reserves.

We hold free reserves:

A significant proportion of our total reserves is represented by fixed assets, which cannot easily be converted into cash without adversely affecting our ability to fulfil our charitable aims and statutory obligations. The value of fixed assets is therefore disregarded for reserves policy purposes.

The value of pension reserves is also disregarded for reserves policy purposes. Our defined benefit scheme was closed to future accruals in 2018, and any deficit or surplus in the scheme can be managed over the medium term, with no immediate impact on free reserves.

There is no standard formula that can be used to calculate the ideal level of free reserves. We follow the Charity Commission’s guidance and set a target range based on our cash flow requirements and an assessment of the risks facing the organisation. We aim to hold free reserves at a level that is not excessive but does not put our solvency at risk. Over the medium-term we target the mid-point of a reserves range between 20% to 35% of the annual expenditure for the next 12 months, unless there are clear reasons to hold a different level within our target range. We accept fluctuations within the range over the short-term. We ended 2025 towards the upper end of our reserve range, with reserve levels being 33% of budgeted total expenditure for 2026.

We will also continue to review the purpose and scope of our reserves policy on an annual basis to make sure the thresholds reflect our current risk profile, cash flow requirements and operating environment.

Our total reserves at the end of 2025 were £74.8 million, increasing from the previous year by £4.1 million, driven mainly by the operating surplus.

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2025 financial review

Free reserves constituted £56.7 million of the balance of total reserves, with a further £25.7 million of reserves being represented by fixed assets, with both currently being partially offset by our pension deficit. We expect that reserves at the end of 2026 will remain within the parameters of our reserves policy.

Most of our income comes from registration fees paid by doctors. All doctors must be registered with us to practise medicine in the UK, and so our income is relatively certain. Trustees remain of the view that the GMC is a going concern for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

There are no material uncertainties related to events or conditions that cast significant doubt on our financial stability for the foreseeable future.

Investment policy

Our Council is responsible for determining and reviewing the overall investment policy, objectives, risk appetite and target returns. It has delegated responsibility for implementing the investment policy, appointing and managing fund managers, and monitoring performance, to the Investment Committee, which regularly reports to Council.

Our funds can be separated into four categories: those which are required as working capital for the normal day-to-day operation of the business; those which we may invest under management; those which we may invest in a trading subsidiary; and any residual cash balance.

We hold working capital for normal cash flow purposes. This is held in instant access bank accounts and provides sufficient flexibility to avoid temporary borrowing and/or the need to liquidate investments to deal with short-term variations in operational income and expenditure.

Council is responsible for determining the level of risk for funds invested under management. We have a low-risk appetite with the aim of generating returns while protecting against volatility and capital loss. The target maximum value at risk (VAR) is 10% on a forward-looking basis.

Within our risk constraint the objectives of investing funds under management are to provide protection against inflation; to generate a modest level of return; and to diversify our funds to reduce the risk of capital and/or revenue loss. Our target rate of return on funds invested under management is inflation (CPI) plus 2% over a rolling five-year period.

Sustainable investment policy

We have adopted a comprehensive ethical investment approach. We believe that investing in certain companies or sectors would conflict with our charitable aims or may create reputational damage. We do not wish to profit directly from, or provide capital to, activities that are materially inconsistent with our charitable aims, and so we specifically exclude investment in companies which derive more than 5% of revenues from tobacco (including vaping), alcohol, adult entertainment, gambling, high interest lending, and thermal coal and oil sands. We also exclude all companies with any exposure to cluster munitions and landmines.

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2025 financial review

Within our portfolios we also aim to promote good or improving environmental or social characteristics, provided that the companies in which the investments are made follow good governance practices. In acknowledgement of the climate crisis, asset managers representing the GMC must have a credible net zero policy and report progress against that policy to the Investment Committee on an annual basis.

We invest only through fund managers who demonstrate the strongest environmental, social and governance (ESG) credentials and can report their ESG monitoring activities and approach.

Our approach to investing aims to deliver positive impact by changing company behaviours for the better through active ownership. We expect companies in which we invest to demonstrate responsible employment and corporate governance practices, to be conscientious with regard to environmental and social issues, and to deal fairly with customers and the communities in which they operate. When appointing fund managers, we take into consideration how they incorporate an assessment of a company’s performance on ESG issues into their stock selection in addition to how they engage and influence the companies they invest in to improve their sustainability over time.

We also ensure their monitoring arrangements highlight companies that are under investigation for, or have been found guilty of, tax evasion or money laundering.

We chose CCLA Investment Management (CCLA) to manage our investments because of their strong track record and high standards in ethical investing. CCLA invest in a manner that prioritises environmental, social and governance factors,

working with companies to urge them to commit to producing healthier products which are more accessible and more affordable.

Investment returns

Our funds under management were valued at £62.7 million at the end of 2025, compared with £61.9 million at the start of the year. Since increasing the funds under management to £50 million in June 2019, we have generated returns at a compounded annual growth rate of 3.57%, boosting the value of funds under management to £62.7 million.

Any cash not held as working capital or invested is held in medium-term deposits and/or interest-bearing accounts. We revised our investment policy in 2025, which now includes the use of common deposit funds. This allows us to reduce the risk of bank failure in our cash holdings, while improving liquidity and returns.

We generated interest of £2.3 million on our cash balances, equivalent to an average annual rate of return of 3.72%. Cash held as working capital, and any residual cash, is shown on our balance sheet within current assets.

GMC Services International (GMSCI) Limited

The GMCSI trading subsidiary was incorporated as a private company limited by shares on 16 December 2016. It is a wholly owned subsidiary of the GMC which utilises knowledge gained from the core activities of the GMC to provide services on a commercial basis, including consultancy, training, and accreditation. Any profits derived from these activities are gifted back to the GMC for the purpose of delivering the GMC’s charitable aims.

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2025 financial review

The GMC invested £0.6 million as share capital in GMCSI. In its early years of operation GMCSI generated net losses but has recently been able to generate modest profits. In 2025, GMCSI generated a net profit of £46,000 and ended the year with net assets of £403,000. No profits have been gift-aided back to the GMC in 2025. GMCSI is projected to generate profits over the medium term.

The accounts presented here are consolidated group accounts to include our trading subsidiary GMCSI. The statement of financial activities shows the consolidated position for the GMC and GMCSI combined. The balance sheet shows separate columns for the group position (GMC and GMCSI combined) and the parent charity position (GMC). Separate company accounts have been prepared for GMCSI.

Trustees’ responsibilities for the financial statements

Our trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards). The law applicable to charities in England, Scotland and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and the group, and of the incoming resources and application of resources of the group for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions, and to disclose, with reasonable accuracy at any time, the financial position of the charity, enabling them to make sure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Privy Council Directions issued under the Medical Act 1983, and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

General Medical Council 54

2025 financial review

Related party transactions

We require that all trustees and senior managers disclose details of any organisations in which they (and their close family members and business partners) hold a position of authority or other material interest, and whose business could bring them into financial contact with the GMC. Details of any actual transactions between the GMC and related parties in the year must also be disclosed. We also publish a register of interests on our website.

In 2025 all disclosures were made and there were no points of concern.

General Medical Council 55

Audit and Risk Committee re ort p

The Audit and Risk Committee (ARC) plays a key role in our governance. It provides Council with independent assurance about:

It also monitors our anti-fraud policies, which we expanded this year as the Economic Crime and Corporate Transparency Act 2023 came into force; any risks relating to the General Data Protection Regulation; and reviews arrangements for raising concerns.

The Committee bases its advice and decisions on guidance issued by the Financial Reporting Council, the Charity Commission, the Office of the Scottish Charity Regulator and, where appropriate, independent external advice.

The Committee has seven members: five Council members and two co-opted members. Co-opted members enhance the work of the Committee by bringing valuable additional skills and experience to the independent scrutiny of finance, risk and governance. All members of the Committee participate in an annual appraisal process.

The Committee undertakes a risk-focused annual work programme. The Corporate Opportunities and Risk Register (CORR) records the key strategic and operational risks we manage. The Committee’s oversight and scrutiny play a valuable role in assuring that risks are being managed effectively, and opportunities are enhanced, through effective systems of governance, internal control and risk management arrangements.

In 2025, the Committee met five times, providing Council with an immediate update on the urgent or emerging issues it discussed. Two formal reports were also made to Council on the Committee’s work.

As part of its 2025 work programme, members had the opportunity to learn more about specific areas of the business and their associated risks in seminars scheduled ahead of each ARC meeting. This year these included risk and assurance considerations in relation to the new corporate strategy 2026–2030, the development of our new Enterprise Resource Planning system and our Future of education and career development programme.

Vanessa Davies was appointed Chair of the committee when Paul Knight stepped down at the end of 2024. Council wishes to extend its thanks to Paul for his service to the Committee and the GMC.

General Medical Council 56

Audit and Risk Committee report

Key activities during 2025

During 2025, the Committee followed a planned programme of work, which included:

In addition to the above, at each of its meetings the Committee also:

General Medical Council 57

Audit and Risk Committee report

Risk management

Effective risk management is embedded in our culture and ways of working. It is front of mind when we write policy and make decisions. The risk management process supports the delivery of our corporate strategy and statutory functions. It is an important part of our business planning, and helps us identify risks in the way we regulate in relation to patients, doctors, physician associates, anaesthesia associates, those in training, and the public. At the GMC, we believe that risk is everyone’s responsibility.

We have an established Risk Management Framework, which brings together our overarching risk principles, risk appetite statements and practical guidance on how risks should be managed, escalated, and de-escalated. This ensures that we:

We manage opportunities as well as threats, which have the potential benefit in the medium and longer term to strengthen patient and public protection.

Council with assurance that risk management arrangements are robust and working in practice. After extensive engagement in 2025, we updated the Risk Management Framework, including our approach to risk appetite, and introduced new categories of risk that are more aligned to our current ways of working. This was launched in May 2026.

Business resilience, and the ability to respond and adapt to incidents, whether operational or reputational are also features of robust risk management. The GMC has a comprehensive set of business continuity and disaster recovery processes, and arrangements for managing reputational issues. These are tested through exercises on a regular basis, and some have been activated to address real incidents during 2025.

The Committee considers the CORR at every meeting, and the register is regularly reviewed by the Executive Board and by Council. The register considers risks to the delivery of our strategic corporate themes (which we consider essential to control and successfully deliver our objectives) and operational and programme threats that have been escalated through our risk structure and are significant at a corporate level. The full CORR is available as part of the Executive Board and Council papers published on our website and is updated regularly. Summary information on our most significant risks and how these are managed is set out below.

A Risk Manager is in post, with clear responsibility and accountability for ensuring the Risk Management Framework is embedded across the organisation. The Head of Internal Audit also assesses the overall effectiveness of our risk management processes. The Audit and Risk Committee has delegated authority to provide

General Medical Council 58

Audit and Risk Committee report

Risk

Delivery of statutory functions

If we fail to deliver our core statutory functions, there is a potential impact on patient safety, public confidence, and the GMC’s reputation

Key controls

• Monitoring and reporting against statutory delivery to Executive Board and Council. • Forecasting of operational • demand is built into budget planning. Active engagement • with stakeholders and registrants. Information exchange with competent authorities to inform processes.

• Continuous improvement of documented processes, procedures and supporting guidance.

Availability of resources

If we do not secure and retain appropriate and adaptable resources, including our workforce, systems and finances, this may impact the delivery of our statutory functions

ED&I compliance

If our measures to ensure compliance with the public sector equality duty are insufficient, we risk legal challenge and weakened confidence in our regulation

Ability to work with others

If we are unable to work collaboratively with our external partners, we may reduce our impact on patient safety and those we regulate

Responding to a changing environment

If we are unable to respond effectively to changes in the external environment, we risk reducing our influence and relevance, and weakened confidence in our role

• People practices and leadership strategy aim to attract • and retain a high-calibre workforce. Comprehensive policies and procedures including fraud and safety. • Robust financial management and control, backed by • regular stress testing. Rigorous routine performance reporting. • Ongoing investment in our IT infrastructure, systems and security, maintaining ISO27001 accreditation. • Redundancy and backup systems in place for critical IT infrastructure.

• Skilled ED&I team provide strategic advice across the organisation. • ED&I objectives and evidence-based targets • are routinely monitored. Mandatory training programme for all staff and associates.

• Comprehensive stakeholder engagement and relationship • plans. Interaction with other regulatory bodies to identify opportunities for collaboration and alignment. • Proactive engagement on all major policies and issues, including active engagement with the four UK Governments over the • future of our legislation. Regular evaluations and feedback.

• Proactive, senior-level engagement with stakeholders to • understand their agendas. Contribution to government and system initiatives across four nations. • Outreach teams structured to aid understanding and influence in national • and local systems. Continuous monitoring of our external environment. • Mechanisms to share and evaluate the insights and intelligence we receive.

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Audit and Risk Committee report

Risk

Key controls

Unplanned event •Robust and regularly tested crisis management policies,
If our systems are compromised or our procedures and emergency response plans.•Established
activities are publicly challenged, this may business continuity structure with champions across the
impact the delivery of functions central organisation.•Mandatory e-learning for all colleagues.
to patient safety and cause reputational •Annual training and exercises for all incident responders.
damage •Continuous proactive monitoring of the external
environment.•Health and safety management system.
Regulatory reform – benefts •Comprehensive governance and programme controls.
There is a risk that we do not secure and •Cross-directorate working built into programme approach
deliver the full range of benefts that the to maximise opportunities.•Stakeholder infuencing plan to
reforms present make sure we secure external support for change.
•Ongoing engagement with the Department of Health and
Social Care (DHSC) to maintain good working relationships,
collaboration and infuence.•Escalation protocols.
Pension defcit •Trustees meet regularly, supported by professional
Economic volatility could negatively advisers.•Joint working between the employer and trustees
impact the scheme’s funding position and to make sure suitable funding arrangements are in place.
require additional employer contributions. •Annual payments are budgeted.•Regular monitoring of
the funding position.•2025 update to the GMC reserves
policy records fnancial support for the scheme if a value at
risk event occurs.
ED&I strategic ambition •Clear timebound targets to focus system-wide efforts
If our actions to infuence change across •Nominated Executive leads for each strategic
the health and education system, and commitment.•Action plans in place to deliver against
within the GMC, do not deliver progress internal and external targets.•Skilled and resourced
at a pace to meet our strategic ED&I teams design interventions.•Annual and bi-annual
targets, we risk sustaining known areas of
inequality
progress reporting.•Scrutiny from the ED&I Steering
Group, Executive and Council allows refnement of plans in
response to progress.•Research and data assets to highlight
issues and support calls for action.

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Audit and Risk Committee report

----- Start of picture text -----
Risk Key controls
•
Regulatory reform – securing Planning discussions with the DHSC and regular review
arrangements for the GMC Order of plans and critical path to set realistic expectations on
If we do not effectively engage with programme milestones.
•
the DHSC, this risks issues and delays Proactive engagement with DHSC to make sure plans
in implementing the new Order, or may remain realistic, scheduling the work effectively to minimise
create an Order that is unworkable impact on busy teams.
•
Uncertainty around our touchpoints and Ongoing engagement with DHSC and NHS England
•
engagement with NHS England officials. Relationships established with the new national
•
Uncertainty may impact the effectiveness co-medical directors at NHS England. Ongoing monitoring
of some GMC operational processes of external sources. • Senior team engagement.
•
Secured National Quality Board membership on behalf of
NHS-facing regulators.
•
GMC finance and HR system Formal programme structure and governance.
•
If we are unable to migrate our ERP system Project streams prioritised and resourced to meet the plan,
•
in the required timeframe, we may risk including backfill. Scrutiny from the Executive and ARC.
----- End of picture text -----

If we are unable to migrate our ERP system in the required timeframe, we may risk operating on unsupported systems

Welsh Language Standards implementation

If we do not ensure continued compliance with the standards, we risk legal, reputational and financial consequences

• Approved plan to embed the guidance, learning and processes into business as usual. • Creation of a network • of Welsh Language Champions. Corporate Review Team • oversight of complaints. Partner in place for translation and interpretation needs.

Medical Licensing Assessment (MLA) exam delivery

If an incident occurs impacting delivery of the MLA, this could risk invalidating the Primary Medical Qualification being awarded by the medical school(s)

• MLA compliance now embedded into our new schools process. • Regular contact with all schools and contingency plans checked as part of routine assurance and oversight. • Regular meetings with the Medical Schools Council to address issues.

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Audit and Risk Committee report

Risk

Regulatory reform – DHSC approach to drafting the GMC Order

The approach and timescale for drafting could mean errors or omissions are undetected, leading to an Order that is unworkable, or that fails to secure the potential benefits of change; the approach may also risk staff burnout, demotivation or attrition

Key controls

• Retain constructive and open communication lines with • DHSC colleagues. Support mechanisms for colleagues including pausing work / backfilling resource. • Early feedback approach adopted.

During the year, the Committee’s wider discussions on risk factors for the GMC included consideration of the GMC’s arrangements to respond to external reviews, covering the Leng Review, the ongoing Lord Mann review into antisemitism and all forms of racism, and maternity reviews. The Committee also considered updates on doctors with overseas sanctions (addressing press allegations) and the risks associated with significant increases in triage volumes in the fitness to practise directorate.

Learning from events and issues

A component of organisational resilience is the willingness and ability to review and learn when things emerge suddenly or something goes wrong. We are committed to demonstrating a culture of continuous improvement, learning not only from internal events, but also considering the learning identified in reports and reviews which are published in relation to other organisations that have experienced difficulties and challenges.

We have a robust approach to undertaking significant event reviews (SERs) if something has, or has the potential to, impact the organisation in a more serious way. For example, externally, this might be in relation to the action of others which has a detrimental impact on the GMC, and internally this could be where there has been a failure of a key organisational control.

In 2025, three SERs were formally reported to the Committee. The first, sadly, was in relation to a doctor who died by suicide while under GMC fitness to practise processes. The remaining two SERs were in relation to data breaches, which were reported to the Information Commissioner and the Charity Commission. The first information security breach related to sharing a registrant’s personal financial information, and the second related to sharing information of a safeguarding nature that had the potential to cause harm.

Whilst learning from SERs is critical for improving future performance, we have many other mechanisms for learning and sharing better practices across the business. These include:

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Audit and Risk Committee report

Our work in 2026

The Committee has a full programme of work for 2026, with risk and assurance remaining the key focus of planned activities. As well as scrutinising the reports from the internal audit programme it approved in January 2026, and the trustees’ Annual Report and Accounts 2025, it will be taking time to:

The Committee will, however, remain flexible in its work to ensure it is able to take account of and respond to emerging threats and opportunities.

Approved by the trustees on 1 July 2026 and signed on their behalf by:

Professor Dame Carrie MacEwen

General Medical Council 63

Independent auditors’ report to the trustees of the GMC

Opinion

We have audited the financial statements of General Medical Council (‘the charity’) and its subsidiary (‘the group’) for the year ended 31 December 2025 which comprise Consolidated Statement of Financial Activities, Consolidated and Parent Balance Sheet, Consolidated Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

General Medical Council 64

Independent auditors’ report to the trustees of the GMC

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

We have nothing to report in this regard.

General Medical Council 65

Independent auditors’ report to the trustees of the GMC

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 54 , the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011, and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

General Medical Council 66

Independent auditors’ report to the trustees of the GMC

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charity and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Medical Act 1983, Charities Act 2011 and The Charities and Trustee Investment (Scotland) Act 2005 together with the Charities SORP (FRS102) 2019. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be necessary to the charity’s and group’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity and the group for fraud. The laws and

regulations we considered in this context for the UK operations were General Data Protection Regulation (GDPR), and employment legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We also considered the opportunities and incentives that may exist within the charity and group for fraud. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within estimates surrounding legal provisions and dilapidations, the timing and recognition of GMCSI income and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, internal audit, legal counsel and the Audit & Risk Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

General Medical Council 67

Independent auditors’ report to the trustees of the GMC

In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

Crowe U.K. LLP Statutory Auditor London

Date: 8 July 2026

Crowe U.K. LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

General Medical Council 68

Accounts 2025 a8ement (osts Charitable activities Fitn ess to practise Registration and revalidation External relationships Medical Practitioners Tribunal Service Education Standards!, Department of Health funding- PAan General Medical Council 69

Accounts 2025

Consolidated statement of financial activities for the year ended 31 December 2025

As restated
Unrestricted Restricted Total Total
funds funds 2025 2024
Note £’000 £’000 £’000 £’000
Income
From charitable activities
Registration 2 159,486 - 159,486 154,549
Specialist and GP registration 2 6,541 - 6,541 5,997
Revalidation 2 269 - 269 225
Other trading activities 3 253 - 253 284
Commercial trading operations 3 427 - 427 410
Investments 3 2,304 - 2,304 2,531
Department of Health funding – PA and AA regulation 3 - 1,710 1,710 3,106
Other 3 558 - 558 141
Total incoming resources 169,838 1,710 171,548 167,243
Expenditure
Raising funds
Commercial tradingoperations 4 380 - 380 386
Investment management costs 4 289 - 289 288
669 - 669 674
Charitable activities
Fitness topractise 4 56,181 - 56,181 52,074
Registration and revalidation 4 50,169 - 50,169 50,531
External relationships 4 20,900 - 20,900 19,610
Medical Practitioners Tribunal Service 4 14,475 - 14,475 14,586
Education and standards 4 15,355 - 15,355 15,330
Department of Health funding– PA and AA regulation 4 1,365 2,584 3,949 2,685
158,445 2,584 161,029 154,816
Other expenditure
Legalprovision 11 (1,204) - (1,204) 684
Dilapidationsprovision 11 (397) - (397) (162)
(1,601) - (1,601) 522
Total expenditure 4 157,513 2,584 160,097 156,012
Operating surplus 12,325 (874) 11,451 11,231
Netgains on investments 8 1,120 - 1,120 573
Net income/(Net loss) 13,445 (874) 12,571 11,804
Other recognised gains and losses
Actuarial gain/(loss) on defned beneft pension scheme
16 (8,406) - (8,406) 11,030
Net movement in funds 5,039 (874) 4,165 22,834
Total funds brought forward 68,104 2,543 70,647 47,813
Total funds carried forward 73,143 1,669 74,812 70,647

General Medical Council 70

Accounts 2025

The General Medical Council incorporated a wholly owned trading subsidiary on 16 December 2016 with the purpose of providing services on a commercial basis including consultancy, training and accreditation. The Charity has taken exemption from presenting its unconsolidated profit and loss account.

The parent charity movement in funds for the year is £4,165,000 with subsidiary undertakings accounting for £46,000.

2024 figures have been restated as an over release of income in previous years, including 2024, was identified in 2025. Income from registration in 2024 has been reduced by £301,000 and total funds brought forward have been reduced by £2,880,000.

The Department for Health and Social Care (DHSC) provided funding in 2025 to cover the cost of bringing physician associates (PAs) and anaesthesia associates (AAs) into regulation. Funding was restricted in nature, and was fully spent in the year. A proportion of the prior year funds paid for IT System Development and, as the asset is in use, the depreciation is shown on the statement of financial activities in restricted funds. The net impact on GMC reserves is (£874,000). The balance of the restricted funds will reduce as the asset is amortised.

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Accounts 2025

Balance sheet

As restated
2025 2024
Group Charity Group Charity
Note £’000 £’000 £’000 £’000
Fixed assets
Intangible fxed assets 6 22,493 22,493 19,151 19,151
Tangible fxed assets 7 3,224 3,224 4,412 4,412
Investments 8 62,683 63,086 61,852 62,209
88,400 88,803 85,415 85,772
Current assets
Debtors andprepayments 9 37,882 37,948 35,475 35,555
Cash and bank balances 63,098 62,569 61,303 60,817
100,980 100,517 96,778 96,372
Liabilities
Creditors: amounts fallingdue within oneyear 10 (97,634) (97,574) (98,807) (98,758)
Net current assets/(liabilities) 3,346 2,943 (2,029) (2,386)
Total assets less current liabilities 91,746 91,746 83,386 83,386
Provisions for liabilities and charges 11 (9,364) (9,364) (10,965) (10,965)
Net assets excluding pension scheme liability 82,382 82,382 72,421 72,421
Defned beneftpension scheme liability 16 (7,570) (7,570) (1,774) (1,774)
Total net assets 74,812 74,812 70,647 70,647
Unrestricted income funds 80,713 80,713 69,878 69,878
Restricted income funds 1,669 1,669 2,543 2,543
Pension reserve (7,570) (7,570) (1,774) (1,774)
Total funds 12,13 74,812 74,812 70,647 70,647

The financial statements were approved by the trustees and authorised for issue on 1 July 2026. They were signed on behalf of trustees by:

Professor Dame Carrie MacEwen Chair of Council

2024 figures have been restated as an over release of income in previous years, including 2024, was identified in 2025. Creditors: amounts falling due within one year in 2024 have been increased by £2,880,000 and unrestricted income funds have been reduced by £2,880,000.

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Accounts 2025

Consolidated cash flow statement

As restated
2025 2024
£’000 £’000 £’000 £’000
Cash fows from operating activities
Net cashprovided by/(used in) operating activities(note i below) 10,841 13,853
Cash fows from investing activities
Dividends,interest and rents from investments 2,267 2,531
Purchase ofproperty, plant,equipment and intangibles (11,313) (9,892)
Net cash used in investing activities (9,046) (7,361)
Change in cash and cash equivalents (note ii below) 1,795 6,492
Note (i)
Cash fow from operating activities
Net (outgoing)/incoming resources 12,571 11,804
Investment income and interest (2,304) (1,988)
Net investment movement (831) (279)
Non-cash items – depreciation and amortisation 9,073 7,744
Non-cash items – assets written off 87 22
Pension scheme contribution (2,574) (3,572)
(Increase)/decrease in debtors (2,407) (4,500)
Increase/(decrease)in creditors andprovisions (2,774) 4,622
Net cashprovided by/(used in) operating activities 10,841 13,853
Cash at bank
Note (ii) and in hand Total
Cash and equivalents £’000 £’000
Balances at 1January2025 61,303 61,303
Net increase in cash and cash equivalents 1,795 1,795
Balances at 31 December 2025 63,098 63,098

2024 figures have been restated as an over release of income in previous years, including 2024, was identified in 2025. Net (outgoing)/ incoming resources has been reduced by £301,000 and Increase/(decrease) in creditors and provisions has increased by £301,000.

General Medical Council 73

Accounts 2025

Notes to the accounts

General information

We are a statutory body governed by the Medical Act 1983 and are registered with the Charity Commission for England and Wales (1089278), and with the Office of the Scottish Charity Regulator (SC037750).

1. Principal accounting policies

(i) Accounting convention

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) first published on 16 July 2014, updated 1 October 2019.

Our financial statements have been prepared on a going concern basis and in accordance with the Charities Statement of Recommended Practice (FRS 102) – effective 1 October 2019, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and UK Generally Accepted Practice as it applies from 1 October 2019. As detailed in the Trustees’ Report, the Trustees remain of the view that the GMC is a going concern and there are no material uncertainties related to events or conditions that cast significant doubt on our financial stability for the foreseeable future. The GMC meets the definition of a public benefit entity under FRS 102.

Incoming resources

Income is included in the statement of financial activities when all of the following criteria are met:

The following specific policies apply:

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Accounts 2025

All income is recognised gross.

Basis for recognising liabilities

Expenditure includes staffing costs, office costs, committee costs, legal costs, accommodation costs, purchase of assets, and financial, actuarial and professional costs.

Resources expended are included in the statement of financial activities on an accruals basis. All liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to expenditure.

Basis for allocation of resources expended

The majority of our resources are expended directly in pursuit of our charitable aims, and are identified as such in the statement of financial activities.

Accommodation costs, governance costs and other support costs are apportioned to charitable activities on the basis of staff head count across the organisation.

Irrecoverable VAT

Any irrecoverable VAT is charged to the statement of financial activities as part of the relevant item of expenditure, or capitalised as part of the cost of the related asset where appropriate.

Taxation

We apply appropriate exemptions from taxation on income and gains available to charities, so no taxation is payable on the net incoming resources of the charity. The charity's subsidiary company is subject to Corporation Tax in the same way as any commercial organisation.

Debtors

Trade and other debtors are normally recognised at the settlement amount due after any trade discount offered. Prepayments are normally valued at the amount prepaid net of any trade discounts due.

Creditors and provisions for liabilities

Creditors and provisions are recognised when the charity has a present legal or constructive obligation as a result of a past event. They are recognised when it is probable that a transfer of economic benefit will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Critical accounting judgments and key sources of estimation uncertainty

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are:

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Accounts 2025

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Expenditure is only capitalised where the cost of the asset or group of assets acquired exceeds £5,000.

Intangible fixed assets

Intangible fixed assets comprise computer software. They are stated at cost, net of amortisation and any provision for impairment. Expenditure is only capitalised where the cost of the asset or group of assets acquired exceeds £5,000.

Depreciation

Depreciation is provided so as to write off the cost, less estimated residual value, of the assets evenly over their estimated lives.

The estimated useful lives are as follows:

Depreciation rates are reviewed on a regular basis comparing actual lives of assets with the accounting policy rates.

Licensed IT software

Development costs for implementing new IT systems are capitalised and depreciated over the lesser of three years or the useful life of the asset. The first year licence costs are capitalised as they are necessary to bring the asset into use, subsequent year licence costs are treated as operating expenditure.

Operating leases

Rent payable under operating leases is charged to the statement of financial activities on a straight-line basis over the period of the lease.

Financial instruments

The charity has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. Financial assets held at amortised cost consist of cash and bank balances, short-term deposits (cash flow statement), investments held in cash deposits (note 8), together with trade and other debtors (note 9). Financial liabilities held at amortised cost comprise trade and other creditors, tax and social security creditors, and accruals (note 10).

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Accounts 2025

Investments

Our investment policy separates our funds into four categories: those which are required as working capital for the normal day-to-day operation of the business; those which we invest under management; those which we may decide to invest in a trading subsidiary; and the remaining cash balance which fluctuates during the year. Funds held as cash for the normal day-to-day operation of the business are shown on the GMC’s balance sheet within current assets, while funds held for the longer term are shown as investments.

Pensions

We have a defined benefit pension scheme for permanent employees. The scheme was closed to new members on 30 June 2013, and for future accrual to existing members on 31 March 2018, and replaced by a defined contribution scheme. The surplus or deficit of the defined benefit scheme is recognised on the balance sheet. Changes in the assets and liabilities of the scheme are disclosed and allocated as follows:

Funds and reserves

The majority of our funds are unrestricted, and so can be expended at the trustees’ discretion in pursuit of our charitable aims. Restricted funds will be expended in line with the purpose of the funding.

Termination payments

Termination payments are accounted for as soon as the organisation is aware of the obligation to make the payment.

General Medical Council 77

Accounts 2025

2. Income from charitable activities

As restated
Unrestricted Total Unrestricted Total
funds 2025 funds 2024
£’000 £’000 £’000 £’000
Registration
Annual retention fees 132,273 132,273 121,941 121,941
Registration fees 7,540 7,540 6,904 6,904
Provisional registration fees 273 273 267 267
PLAB fees 19,286 19,286 25,335 25,335
Other fees 114 114 102 102
159,486 159,486 154,549 154,549
Specialist and GP registration
Certifcates of Completion of Trainingfees 4,170 4,170 3,918 3,918
Certifcate of Eligibility for Specialist Registration/ 2,319 2,319 2,025 2,025
Certifcate of Eligibility for General Practitioner
Registration fees
Other fees 52 52 54 54
6,541 6,541 5,997 5,997
Revalidation
Revalidation annual return 236 236 168 168
Revalidation assessment 33 33 57 57
269 269 225 225

2024 figures have been restated as an over release of income in previous years, including 2024, was identified in 2025. Annual retention fee income in 2024 has been reduced by £301,000.

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Accounts 2025

3. Income from raising funds

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds 2025 funds funds 2024
£’000 £’000 £’000 £’000 £’000 £’000
Activities for raising funds
Other tradingactivities* 253 - 253 284 - 284
Commercial tradingoperations† 427 - 427 410 - 410
Other‡ 558 - 558 141 - 141
1,238 - 1,238 835 - 835
Investment income
Other fnance income – 37 - 37 - - -
pension scheme(note 16)
Bank interest 2,267 - 2,267 2,531 - 2,531
2,304 - 2,304 2,531 - 2,531
Department of Health funding
Funding to cover expenditure on - 1,710 1,710 - 3,106 3,106
PA and AA regulation§

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Accounts 2025

4. Total expenditure

Charitable activity and support cost allocation

Direct staffng costs Direct costs Allocated costs Total 2025 Direct staffng costs Direct costs Allocated costs Total 2024
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Expenditure on
Commercial trading operations 332 48 - 380 325 61 - 386
Investment management costs - 289 - 289 - 288 - 288
Total expenditure on raising funds 332 337 - 669 325 349 - 674
Fitness to practise
Registration and revalidation
External relationships*
Medical Practitioners Tribunal Service
Education and standards
Department of Health funding– PA and AA regulation
25,523
18,461
11,924
5,301
8,792
1,986
6,282
10,602
736
3,550
222
1,962
24,376
21,106
8,240
5,624
6,341
-
56,181
50,169
20,900
14,475
15,355
3,948
23,821
17,239
11,146
5,227
9,006
1,704
6,336
14,104
815
4,072
226
981
21,917
19,188
7,649
5,287
6,098
-
52,074
50,531
19,610
14,586
15,330
2,685
Total charitable expenditure 71,987 23,354 65,687 161,028 68,143 26,534 60,139 154,816
Other expenditure – legal provision
Other expenditure – dilapidationprovision
-
-
(1,204)
(397)
-
-
(1,204)
(397)
-
-
684
(162)
-
-
684
(162)
Totalgroup expenditure 72,319 22,090 65,687 160,096 68,468 27,405 60,139 156,012

Support costs allocated to charitable activities

Human Total Human Total
Management IT resources **Finance ** Procurement Facilities Governance 2025 Management IT resources Finance Procurement Facilities Governance 2024
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Fitness to practise 5,145 8,457 3,164 1,132 226 4,648 1,604 24,376 4,379 7,364 2,458 1,006 241 4,982 1,487 21,917
Registration and revalidation 4,455 7,321 2,740 980 196 4,025 1,389 21,106 3,834 6,447 2,152 881 211 4,361 1,302 19,188
External relationships* 1,739 2,859 1,070 383 76 1,571 542 8,240 1,528 2,570 858 351 84 1,739 519 7,649
Medical Practitioners Tribunal 1,187 1,951 730 261 52 1,073 370 5,624 1,056 1,776 593 243 58 1,202 359 5,287
Service
Education and standards 1,338 2,200 823 295 59 1,209 417 6,341 1,218 2,049 684 280 67 1,386 414 6,098
Total charitable expenditure 13,864 22,788 8,527 3,051 609 12,526 4,322 65,687 12,015 20,206 6,745 2,761 661 13,670 4,081 60,139

Support costs are allocated to charitable activities on the basis of staff head count across the organisation.

Support cost recharges have been made to both the trading subsidiary, GMC Services International Ltd, and the PA and AA regulation project throughout the year on a direct basis, using the logic of allocation outlined above, and are therefore treated separately to the year end allocation.

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Accounts 2025

Group expenditure by type

Charitable activities
2025
Expenditure on
raising funds
2025
Department of
Health funding – PA
and AA regulation
2025
Other expenditure
2025
Total
2025
Charitable activities
2024
Expenditure on
raising funds
2024
Department of
Health funding – PA
and AA regulation
2024
Other expenditure
2024
Total
2024
£’000
£’000
£’000
£’000
£’000
£’000
£’000
£’000
£’000
£’000
Staffng costs
Offce costs
Council and committee costs
Panel and assessment costs
Legal costs
Accommodation costs
Financial, actuarial and
professional costs
Purchase of assets – charged
to revenue
Assets written off
Depreciation
Amortisation
103,057
332
1,986
-
105,375
97,039
325
1,704
-
99,068
1,224
31
965
-
2,220
1,567
45
788
-
2,400
426
-
-
-
426
454
-
-
-
454
18,487
-
124
-
18,611
20,132
-
120
-
20,252
4,291
-
-
(1,204)
3,087
4,414
-
-
684
5,098
8,508
-
-
(397)
8,111
9,020
-
-
(162)
8,858
4,803
306
-
-
5,109
4,463
304
-
-
4,767
8,387
-
-
-
8,387
7,349
-
-
-
7,349
87
-
-
-
87
22
-
-
-
22
2,614
-
-
-
2,614
2,215
-
-
-
2,215
5,195
-
873
-
6,068
5,457
-
73
-
5,530
157,079
669
3,948
(1,601)
160,095
152,132
674
2,685
522
156,013
Total resources expended
2025 2024
£’000 £’000
Operating lease costs: leasehold property and equipment 4,139 4,408
Audit fees 57 55

General Medical Council 81

Accounts 2025

5. Staff

Total costs of all staff 2025
2024
£’000
£’000
Salaries 78,068
74,908
Social securitycosts 10,425
8,444
Superannuation costs defned beneft scheme -
-
Superannuation costs defned contribution scheme 12,159
11,502
Redundancycosts 442
165
Other staffngcosts 4,281
4,049
105,375
99,068

During the year the General Medical Council made termination payments of £359,000 (2024: £80,000) which included £135,000 relating to and accrued in 2024. At year end payments of £218,000 were outstanding (2024: £135,000).

Average staff numbers in theyear by category 2025
2024
Fitness topractise 476
460
Registration and revalidation 412
403
External relationships 161
161
Medical Practitioners Tribunal Service 110
111
Education and standards 124
128
Governance and management 199
194
Resources 270
255
GMC Services International Ltd 1,752
1,712
1
1
1,753
1,713

General Medical Council 82

Accounts 2025

The number of staff whose total employee benefits (excluding employer pension contributions) fell into higher salary bands was:

2025
2024
GMC
£60,000-£70,000
£70,001-£80,000
£80,001-£90,000
£90,001-£100,000
£100,001-£110,000
£110,001-£120,000
£120,001-£130,000
£130,001-£140,000
£140,001-£150,000
£150,001-£160,000
£160,001-£170,000
£170,001-£180,000
£210,001-£220,000
£220,001-£230,000
£230,001-£240,000
£270,001-£280,000
£280,001-£290,000
MPTS
72
74
50
50
46
44
39
40
22
11
8
8
10
10
9
11
12
4
5
3
1
2
1
1
-
-
-
4
6
2
-
-
1
1
282
265
£60,000-£70,000
£70,001-£80,000
£80,001-£90,000
£90,001-£100,000
£120,001-£130,000
£130,001-£140,000
3
2
2
2
2
-
1
2
-
1
1
1
9
8
Total 291
273

General Medical Council 83

Accounts 2025

2025
2024
Number of staff included above for whom retirement
benefts are accruing
GMC defned contributionpension scheme
290
271
290
271

The senior management team includes the Chief Executive, six permanent directors and one temporary director to cover a secondment in 2025. The total employee benefits (including employer pension contributions) of the senior management team was £1,986,753 in 2025 (2024: £1,888,896).

Basic salary Basic salary
Senior management team remuneration 2025 2024
£’000 £’000
Charlie Massey – Chief Executive 286 277
Paul Reynolds – Director of Strategic Communications and Engagement 233 226
Shaun Gallagher – Director of Strategy and Policy 233 226
Una Lane – Director of Registration and Revalidation 233 226
Neil Roberts–Director of Resources 233 226
Professor Colin Melville–Director of Education and Standards* 116 226
Pushpinder Mangat–Director of Education and Standards† 142 -
Anthony Omo – Director of Fitness to Practise‡ 214 184
ElizabethJenkins – Director of Fitness to Practise§ 19 42

† Pushpinder Mangat started the role of Director of Education and Standards on 19 May 2025.

‡ Anthony Omo was seconded to the Nursing and Midwifery Council on the 28 October 2024 until 1 February 2025.

§ Elizabeth Jenkins was temporarily the Director of Fitness to Practise from 28 October 2024 to 31 January 2025.

All GMC staff, including the senior management team, are entitled to pension contributions of 15% of salary into the GMC Group Personal Pension Plan and may exchange contributions for salary.

The Chief Executive and Directors receive non-consolidated pay. In 2024 payments were below 3% of basic salary for all members of the senior management team. In 2025 payments were equivalent to or less than 1% of basic salary for all members of the senior management team.

All GMC staff, including the senior management team, are entitled to buy and sell leave and to the taxable benefit of private medical insurance. These costs and benefits are not included in the table above.

The Chief Executive's salary is 7.6 (2024: 7.6) times the median salary and 11.9 (2024: 11.8) times the lowest salary.

There were no related party transactions in the year that require disclosure other than payments made to Trustees as disclosed in notes 17 and 18.

General Medical Council 84

Accounts 2025

6. Intangible fixed assets

Group and charity

Group and charity
Computer software and systems development
£’000
Cost
Balance at 1 January 2025 42,804
Additions 9,851
Disposals (7,766)
Impairment
Balance at 31 December 2025 44,889
Amortisation
Balance at 1 January 2025 23,653
Amortisation charge for year 6,477
Disposals (7,734)
Impairment
Balance at 31 December 2025 22,396
Net book value at 1January2025 19,151
Net book value at 31 December 2025 22,493

Intangible assets incorporates all IT software development costs including, but not limited to, the development of our strategic applications, Siebel and Livelink, the development of IT security systems, facilities management systems and website. Intangible assets also include the systems to support working from home and mobile applications.

General Medical Council 85

Accounts 2025

7. Tangible fixed assets

Group and charity

Group and charity
Cost Buildings
Fixtures,
furniture and
equipment
IT equipment
Total
£’000
£’000
£’000
£’000
Balance at 1 January 2025
Additions
Disposals
1,819
16,883
5,633
24,335
-
651
811
1,462
-
(890)
(185)
(1,075)
Balance at 31 December 2025 1,819
16,644
6,259
24,722
Depreciation
Balance at 1 January 2025
Depreciation charge for year
Disposals
1,819
13,396
4,708
19,923
-
998
1,598
2,596
-
(836)
(185)
(1,021)
Balance at 31 December 2025 1,819
13,558
6,121
21,498
Net book value at 1January2025 -
3,487
925
4,412
Net book value at 31 December 2025 -
3,086
138
3,224

General Medical Council 86

Accounts 2025

8. Investments

Managed funds Group Charity
Equity
investment
Listed Listed in group
investments Total investments undertakings Total
£’000 £’000 £'000 £'000 £'000
The valuation at the end of the
year consisted of
As at 1 January 2025 61,852 61,852 61,852 357 62,209
Additions 12,756 12,756 12,756 - 12,756
Disposals (13,045) (13,045) (13,045) - (13,045)
Gain on investments 1,120 1,120 1,120 - 1,120
Reversal of impairment* - - - 46 46
Balance at 31 December 2025 62,683 62,683 62,683 403 63,086

* The General Medical Council incorporated a wholly owned trading subsidiary on 16 December 2016. Having previously been impaired by £243,000 due to trading losses incurred, we have revalued the investment by £46,000 in 2025 as a result of profits generated by the company thereby increasing its net assets.

Listed investments are managed by CCLA Investment Management Ltd. Investment management fees of £289,216 were incurred (2024: £287,693).

General Medical Council 87

Accounts 2025

9. Debtors

Amounts falling due within one year 2025
2024
Group
Charity
Group
Charity
£’000
£’000
£’000
£’000
Registration debtors
Prepayments and accrued income
Other debtors
29,199
29,199
26,772
26,772
7,692
7,794
7,168
7,274
991
955
1,535
1,509
37,882
37,948
35,475
35,555

General Medical Council 88

Accounts 2025

10. Creditors

10. Creditors
Amounts falling due within one year As restated
2025
2024
Group
Charity
Group
Charity
£’000
£’000
£’000
£’000
Trade creditors
Tax and social security
Holiday pay
Accruals
Deferred income
1,938
1,937
1,221
1,220
2,439
2,433
2,155
2,153
1,209
1,209
1,193
1,193
6,525
6,475
8,393
8,352
85,523
85,520
85,845
85,840
97,634
97,574
98,807
98,758

Charity deferred income

Income from annual retention fees is deferred and released to the statement of financial activities on a straight-line basis over a 12-month period from the date of renewal. All deferred income brought forward from the previous year is released to the statement of financial activities in the following year. Professional and Linguistic Assessments Board (PLAB) fees are deferred to the date the examination is sat. Revalidation assessment fees are deferred to the date the assessment takes place. Commercial income is recognised at the point the service is delivered.

As restated As restated
Annual Revalidation Commercial
retention fees PLAB fees assessment fees activities Total
£’000 £’000 £’000 £’000 £’000
Deferred income at 76,383 9,426 31 5 85,845
1 January 2025
Resources deferred 81,192 4,284 44 3 85,523
during the year
Amounts released from (76,383) (9,426) (31) (5) (85,845)
previousyears
Deferred income at
31 December 2025
81,192 4,284 44 3 85,523

2024 figures have been restated as an over release of income in previous years, including 2024, was identified in 2025. Deferred income at 1 January 2025 has been increased by £2,880,000.

General Medical Council 89

Accounts 2025

11. Provisions

Group and charity

Group and charity
2025
2024
£’000
£’000
Dilapidations
Legal claims
3,915
4,312
5,449
6,653
9,364
10,965

Dilapidations – each year we review our property leases and make a provision for dilapidations, where the cost can be reasonably estimated.

Legal claims – each year we make a provision for potential costs related to ongoing legal cases. On 10 June 2026 Council made a decision following the outcome of an employment tribunal that will have implications for a wider group of individuals. This decision is reflected in the legal claims provision above. Further details in relation to ongoing cases cannot be provided in order to avoid prejudicing proceedings.

Events after the reporting period are set out in note 19.

Dilapidations Legal claims Total
£’000 £’000 £’000
Provisions at 1 January 2025 4,312 6,653 10,965
Provisions created during the year 104 988 1,092
Utilisation of provision (202) (1,966) (2,168)
Amounts released frompreviousyears (299) (225) (524)
Provisions at 31 December 2025 3,915 5,450 9,365

General Medical Council 90

Accounts 2025

12. Group fund movements in the year

Group and charity

Group and charity
Unrestricted Restricted Pension 2025
funds funds fund Total
£’000 £’000 £’000 £’000
At 1 January 2025 69,878 2,543 (1,774) 70,647
Net incoming/(outgoing)resources 10,835 (874) (5,796) 4,165
At 31 December 2025 80,713 1,669 (7,570) 74,812
As restated As restated
Unrestricted Restricted Pension 2024
funds funds fund Total
£’000 £’000 £’000 £’000
At 1 January 2024 61,525 2,122 (15,834) 47,813
Net incoming/(outgoing)resources 8,353 421 14,060 22,834
At 31 December 2024 69,878 2,543 (1,774) 70,647

2024 figures have been restated as an over release of income in previous years, including 2024, was identified in 2025. Unrestricted funds at 1 January has been reduced by £2,579,000 and Net incoming/(outgoing) resources has been reduced by £301,000.

General Medical Council 91

Accounts 2025

13. Net assets by fund

Group and charity

Fund balances at 31 December 2025 are represented by

Restricted
Unrestricted fxed asset Pension 2025
funds funds reserve Total funds
£’000 £’000 £’000 £’000
Intangible fxed assets 20,824 1,669 - 22,493
Tangible fxed assets 3,224 - - 3,224
Investments 62,683 - - 62,683
Current assets 100,980 - - 100,980
Current liabilities (97,634) - - (97,634)
Provisions for liabilities and charges (9,364) - - (9,364)
Pension scheme liability - - (7,570) (7,570)
Total net assets 80,713 1,669 (7,570) 74,812

Fund balances at 31 December 2024 are represented by

As restated
Restricted
Unrestricted fxed asset Pension 2024
funds funds reserve Total funds
£’000 £’000 £’000 £’000
Intangible fxed assets 16,608 2,543 - 19,151
Tangible fxed assets 4,412 - - 4,412
Investments 61,852 - - 61,852
Current assets 96,778 - - 96,778
Current liabilities (98,807) - - (98,807)
Provisions for liabilities and charges (10,965) - - (10,965)
Pension scheme liability - - (1,774) (1,774)
Total net assets 69,878 2,543 (1,774) 70,647

The restricted intangible asset represents the capitalised cost of the IT system developed to regulate physician associates and anaesthesia associates.

2024 figures have been restated as an over release of income in previous years, including 2024, was identified in 2025. Current liabilities have been reduced by £2,880,000.

General Medical Council 92

Accounts 2025

14. Capital commitments

Capital expenditure authorised and contracted but unspent at 31 December 2025 amounted to £187,930. The equivalent figure for 2024 was £306,041.

15. Operating lease commitments

Expiry date Land and buildings
Equipment
2025
2024
2025
2024
£'000
£'000
£'000
£'000
Within one year
In years two to fve
After more than fveyears
4,773
4,445
38
38
13,935
17,353
94
38
-
1,339
-
94
18,708
23,137
132
170

Commitments include our obligations under our buildings and equipment leases. They are calculated up to the first lease break clause or lease end where there is no break clause in the agreement. Commitments are calculated on a cash basis rather than incorporating rent free benefits.

General Medical Council 93

Accounts 2025

16. Superannuation schemes

The GMC has two staff pension schemes:

GMC Group Personal Pension Plan

This is a defined contribution pension scheme, which was set up on 1 July 2013. We started auto enrolment on 1 November 2013. At the end of 2025 there were 1,765 members of staff contributing to this scheme. It meets the Government’s requirements following the introduction of automatic enrolment. Individuals can choose to make additional contributions by deduction from salary to the scheme. Under the terms of FRS102, contributions are accounted for as a defined contribution scheme based on actual contributions paid through the year.

GMC Staff Superannuation Scheme

This is a funded scheme of the defined benefit type, providing retirement benefits based on final salary. The top-up arrangement is an unfunded scheme.

This scheme was closed to new members on 30 June 2013, and replaced by the GMC Group Personal Pension Plan. The scheme was closed to future accruals, other than those linked to salary changes, for existing members on 31 March 2018, therefore at the end of 2018 there were no members of staff contributing to this scheme.

Actuarial gains and losses have been recognised in the period in which they occur (but outside the profit and loss account) through the Other Comprehensive Income (OCI).

The GMC recognises surplus in accordance with the requirements of FRS 102 Section 18. The trustees of the scheme do not have the unilateral right to commence wind-up of the scheme. Thus, the GMC assumes that the ascheme continues in existence until the last benefit payments are made to members, at which point any residual assets are returned to the GMC in line with the rules of the scheme.

The GMC made a top up payment to the scheme of £2.5 million in 2025. A further £2.036 million will be paid each year until 2031 under the terms of the recovery plan agreed as part of the 2024 triennial valuation.

Responsibility for investing pension scheme assets rests with pension trustees. The Pensions Act 1995 requires trustees to draw up a Statement of Investment Principles, setting out the scheme’s investment strategy. Pension trustees are required to consult the employer (GMC) when drawing up the strategy, but do not require the employer’s formal agreement.

The FRS 102 valuation has been based on a full assessment of the liabilities for the scheme as at 31 December 2024. The present values of the defined benefit obligation, the related current service cost and any past service costs were measured using the projected unit credit method.

General Medical Council 94

Accounts 2025

The principal assumptions used by the independent qualified actuaries to calculate the liabilities under FRS102 are set out below.

Main financial assumptions

Main fnancial assumptions
Retail prices index infation
Consumer price index infation
Rate of general long-term increase in salaries
Pension increases (excess over guaranteed minimum pension)
Discount rate for scheme liabilities
31 December 2025
31 December 2024
%pa
%pa
2.9
2.9
2.6
2.6
3.6
3.6
2.6
2.6
5.7
5.5

General Medical Council 95

Accounts 2025

Mortality assumptions

The mortality assumptions are based on standard mortality tables which allow for expected future mortality improvements. The assumptions are that a member currently aged 65 will live on average for a further 22.1 years (2024: 22 years) if they are male and for a further 24 years if they are female (2024: 24 years).

For a member who retires in 2045 at age 65 the assumptions are that they will live on average for a further 22.7 years (2024: 23.1) after retirement if they are male and for a further 25.1 years (2024: 25.1) after retirement if they are female.

Scheme asset allocation

Scheme asset allocation
Delegated consulting services
Other
31 December 2025
31 December 2024
£’000
%
£’000
%
133,160
99%
131,420
99%
889
1%
773
1%
Total 134,049
100%
132,193
100%

The Delegated Consulting Service (DCS) is a fiduciary management solution that invests in a wide range of underlying assets in order to meet the scheme's specific investment objectives. The underlying asset allocation changes over time, based on the views of the fiduciary manager within the overall bounds set by the trustees. Under this approach the majority of scheme assets are invested in pooled funds. The managers of the pooled funds are required to have in place a policy on social, environmental and ethical considerations.

None of the scheme assets are invested in the Company’s financial instruments or in property occupied by, or other assets used by, the GMC.

General Medical Council 96

Accounts 2025

Reconciliation of funded status to balance sheet

Reconciliation of funded status to balance sheet
Fair value of assets
Present value of funded defned beneft obligations
31 December 2025
31 December 2024
£’000
£’000
134,049
132,193
(140,824)
(133,167)
Funded status
Present value of unfunded defned beneft obligation
(6,775)
(974)
(794)
(800)
Asset/(liability) recognised on the balance sheet (7,569)
(1,774)

Amounts recognised in income statement

Financing cost
Interest on net defned beneft liability/(asset)
31 December 2025
31 December 2024
£’000
£’000
(37)
543
Pension expense recognised inproft and loss (37)
543

Amounts recognised in Other Comprehensive Income (OCI)

Asset gains/(losses) arising during the year
Liability gains/(losses)arisingduringtheyear
31 December 2025
31 December 2024
£’000
£’000
(4,053)
(24,197)
(4,353)
35,226
Actuarial(loss)/gain on defned beneftpension scheme (8,406)
11,029

General Medical Council 97

Accounts 2025

Changes to the present value of the defined benefit obligation during the year

Opening defned beneft obligation (DBO)
Current service cost
Interest expense on DBO
Actuarial (gains)/losses on liabilities
Net beneftspaid out
31 December 2025
31 December 2024
£’000
£’000
133,967
165,831
-
-
7,261
7,213
4,353
(35,226)
(3,963)
(3,851)
Closing defned beneft obligation 141,618
133,967

Changes to the fair value of scheme assets during the year

Opening fair value of scheme assets
Interest income on scheme assets
Gain/(loss) on scheme assets
Contributions by the Company
Net beneftspaid out
31 December 2025
31 December 2024
£’000
£’000
132,193
149,999
7,298
6,670
(4,053)
(24,197)
2,574
3,572
(3,963)
(3,851)
Closing fair value of scheme assets 134,049
132,193

Actual return on scheme assets

Interest income on scheme assets
Gain/(loss)on scheme assets
31 December 2025
31 December 2024
£’000
£’000
7,298
6,670
(4,053)
(24,197)
Actual return on scheme assets 3,245
(17,527)

General Medical Council 98

Accounts 2025

17. Related party transactions

2025 2024
£ £
Trustee honoraria
Dame Carrie MacEwen (Chair) 110,000 110,000
Steve Burnett* - 18,000
Vanessa Davies 18,000 18,000
Professor Anthony Harnden* - 18,000
Lord Philip Hunt† - 1,500
Professor Paul Knight* - 18,000
Professor Deepa Mann-Kler 18,000 18,000
Dr Raj Patel 18,000 18,000
Professor Suzanne Shale 18,000 18,000
Dr Alison Wright‡ 17,087 18,000
Dr Jeeves Wijesuriya 18,000 18,000
Douglas Millican 18,000 18,000
Olamide Oguntimehin§ 18,000 -
Wendy Williams§ 18,000 -
Keith Lloyd§ 18,000 -
Jane Ramsey§ 18,000 -
  • Demitted as Council member December 2024 ‡ Demitted as Council member December 2025

† Demitted as Council member January 2024 § Appointed as Council member January 2025

Honoraria payments are permitted by the governing document of the General Medical Council, The Medical Act 1983, paragraph 17, schedule 1.

General Medical Council 99

Accounts 2025

2025 2024
Medical Practitioners Tribunal Service Committee members
Her Honour Judge Deborah Taylor* 38,605 120,832
Gill Edelman (Gillian Gordon) 47,015 3,720
Joy Hamilton† - 413
Jacky Hayden‡ - 7,440
Simon Mackenzie§ - 3,607
Barbara Larkin¶ 3,818 3,292
Stephen Webb
Richard Vautrey# 3,458 -
*Demitted as Chair of the Medical Practitioners Tribunal Service April 2025 Appointed as MPTS Committee member February 2024
†Demitted as MPTS Committee member February 2024
‡Demitted as MPTS Committee member December 2024 # Appointed as MPTS Committee member April 2025
§ Demitted as MPTS Committee member December 2024
2025 2024
Audit and Risk Committee co-opted members
Aneen Blackmore - -
Jon Hayes 4,577 3,315
2025 2024
Investment Committee co-opted members
Keith Mackay* 903 1,300
Paul Cox† 1,463 -
MichaelJennings 3,001 1,755
*Demitted as Investment Committee member April 2025
†Appointed as Investment Committee member May 2025
2025 2024
GMC Services International Ltd
Andrew McCulloch* 728 1,950
JayVerma† - -
Thalia Georgiou‡ 1,950 975
Victoria Cheston‡ 1,625 -

† Appointed as Chair of the Board of GMC Services International Ltd June 2025

‡ Appointed as GMCSI Board member May 2024

2025 figures for some individuals include payments for historic holiday pay and pensions contributions, triggered by a change in employment status to worker.

General Medical Council 100

Accounts 2025

18. Travel and subsistence expenses claimed in 2025

2025 2024
£ £
Trustees
Dame Carrie MacEwen (Chair) 6,696 3,248
Steve Burnett* 302 2,703
Vanessa Davies 3,975 5,129
Anthony Harnden* 93 1,375
Philip Hunt† - -
Paul Knight* - 4,797
Deepa Mann-Kler 6,872 7,380
Raj Patel 1,663 2,630
Suzanne Shale 1,091 1,169
Alison Wright‡ 921 330
Jeeves Wijesuriya 3,033 2,661
Douglas Millican 3,794 2,040
Olamide Oguntimehin§ 849 -
Wendy Williams§ 2,112 -
Keith Lloyd§ 614 -
Jane Ramsey§ 298 -

† Demitted as Council member January 2024 § Appointed as Council member January 2025

Variations in expenses reflect that the trustees, committee members and the Senior Management Team live in different parts of the UK and are required to travel around the UK on GMC business, including to our offices in London, Manchester, Edinburgh, Belfast and Cardiff, and occasionally outside the UK. This also reflects that different numbers of meetings and events are attended by individuals. Deepa Mann-Kler is based in Belfast, and Vanessa Davies is based in Edinburgh.

Adjustments are also made for those with disabilities, which may mean that additional expenses are incurred for travel and accommodation according to specific needs.

General Medical Council 101

Accounts 2025

2025 2024
Medical Practitioners Tribunal Service Committee members
Her Honour Judge Deborah Taylor* 24 90
Gill Edelman (Gillian Gordon) 4,074 528
Joy Hamilton† - -
Jacky Hayden‡ - 582
Simon Mackenzie§ - 758
Barbara Larkin¶ 1,689 2,038
Stephen Webb
Richard Vautrey# 286 -
*Demitted as Chair of the Medical Practitioners Tribunal Service April 2025 ¶Appointed as MPTS Committee member February 2024
†Demitted as MPTS Committee member February 2024
‡Demitted as MPTS Committee member December 2024 # Appointed as MPTS Committee member April 2025
§ Demitted as MPTS Committee member December 2024
2025 2024
Audit and Risk Committee co-opted members
Aneen Blackmore - 237
Jon Hayes 468 310
2025 2024
Investment Committee co-opted members
Keith Mackay* - -
Paul Cox† 411 -
MichaelJennings 152 69

† Appointed as Investment Committee member May 2025

General Medical Council 102

Accounts 2025

2025 2024
GMC Services International Ltd
Andrew McCulloch * - 125
Jay Verma† - -
Thalia Georgiou‡ 205 111
Victoria Cheston‡ 74 -
2025 2024
Senior management team
Charlie Massey – Chief Executive 5,006 8,792
Paul Reynolds – Director of Strategic Communications and Engagement 5,450 10,339
Shaun Gallagher – Director of Strategy and Policy 2,042 4,759
Una Lane – Director of Registration and Revalidation 3,944 4,195
Neil Roberts–Director of Resources 7,079 7,938
Professor Colin Melville–Director of Education and Standards* 7,498 9,895
Pushpinder Mangat–Director of Education and Standards† 2,161 -
Anthony Omo – Director of Fitness to Practise‡ 4,375 3,423
ElizabethJenkins – Director of Fitness to Practise§ 47 2,395

‡ Anthony Omo was seconded to the Nursing and Midwifery Council on 28 October 2024 to 1 February 2025.

§ Elizabeth Jenkins was temporarily the Director of Fitness to Practise from 28 October 2024 to 31 January 2025.

19. Events after the end of the reporting period

In May 2026, management decided to cease Professional and Linguistic Assessment Board activities at Hardman Square from 2027, due to a reduction in candidate volumes. As such they consider the underlying lease to have become onerous after the reporting date. The financial impact of this non-adjusting event cannot be reliably estimated at the date of the approval of the financial statements due to the inherent uncertainty in relation to future premises costs that may be incurred.

There have been no other significant events after 31 December 2025 that require adjustment to, or disclosure in, the financial statements, other than those set out in note 11.

General Medical Council 103

Reference and administrative information

We are independent of government and of those we regulate, and are accountable to UK and Scottish Parliaments. Our powers are given to us by the UK Parliament through the Medical Act 1983 and by the Scottish Parliament through the Anaesthesia Associates and Physician Associates Order.

We are registered with the Charity Commission for England and Wales (1089278), and with the Office of the Scottish Charity Regulator (SC037750). We are not currently required to be registered separately with the Northern Ireland Charity Commission.

Our principal places of business are 3 Hardman Street, Manchester M3 3AW and Regent’s Place, 350 Euston Road, London NW1 3JN. We also have offices in Belfast, Cardiff and Edinburgh; a centre for hearings, where the Medical Practitioners Tribunal Service is based, at St James’s Buildings, 79 Oxford Street, Manchester M1 6FQ; and a Clinical Assessment Centre, in 3 Hardman Square, Manchester M3 3EB.

We work with the Professional Standards Authority (PSA), an independent body, which is accountable to Parliament and scrutinises and oversees our work, together with other health and social care professional regulatory bodies in the UK.

Information requests

In 2025, we received 640 requests for personal information under the UK General Data Protection Regulation (GDPR). This was an increase of 32% from 2024. We also received 1,014 information requests under the Freedom of Information Act, up 29% from 2024.

We achieved 82% against our target to respond to 80% of personal information requests within the statutory timeframe. For Freedom of Information requests, we achieved 86% against our target of responding to 90% within 20 working days.

Our registration reference with the Information Commissioner’s Office is Z7423389.

Our trustees have a duty to act impartially and objectively, and to take steps to avoid any conflict of interest arising as a result of their membership of, or association with, other organisations or individuals. As trustees, members have a duty to avoid putting themselves in a position where their personal interests conflict with their duty to act in the interests of the charity, unless authorised to do so. To make this fully transparent, we publish a register of members’ interests on our website.

Paying for goods and services

We paid 96% of valid and undisputed invoices within 30 days and did not pay any interest to suppliers due to late payment in excess of 30 days.

Day-to-day management of the organisation is delegated to the Chief Executive, Charlie Massey. You can read more about our governance and management arrangements earlier in this report.

General Medical Council 104

Reference and administrative information

Professional advisers

Professional advisers
Bankers National Westminster Bank Plc
250 Bishopsgate
London
EC2M 4AA
Investment adviser Mercer Limited
1 Tower Place West
Tower Place
London
EC3R 5BU
Solicitors The majority of our legal work is carried out by
our in-house legal team.
Auditors Crowe U.K. LLP
2nd Floor, 55 Ludgate Hill
London
EC4M 7JW
Actuary and pension scheme adviser Aon
Parkside House, Ashley Road
Epsom
Surrey
KT18 5BS

General Medical Council 105

Email: gmc@gmc-uk.org Website: gmc-uk.org Telephone: 0161 923 6602

General Medical Council, 3 Hardman Street, Manchester M3 3AW

Textphone: please dial the prefix 18001 then 0161 923 6602 to use the Text Relay service.

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To ask for this publication in another format or language, please call us on 0161 923 6602 or email us at gmc@gmc-uk.org .

I ofyn am y cyhoeddiad hwn mewn fformat neu iaith arall, ffoniwch ni ar 0161 923 6602 neu e-bostiwch ni ar gmc@gmc-uk.org .

You are welcome to contact us in Welsh. We will respond in Welsh, without this causing additional delay.

Mae croeso i chi gysylltu â ni yn Gymraeg. Byddwn yn ymateb yn Gymraeg, heb i hyn achosi oedi ychwanegol.

Published August 2026

The General Medical Council is a charity registered in England and Wales (1089278) and Scotland (SC037750).

Code: GMC/AR2025/0826