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HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION

Registered charity 1114463 · accounts filings on the Charity Commission register · also registered in Scotland as SC041994 (OSCR)

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Latest income
£8.4m
Latest spending
£8.4m
Registered
2006
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity achieved a surplus of £1,000 for the year, with total reserves standing at £5,032,000. Per the trustees' report, the organization has sufficient cash reserves and fixed asset investments to cover risks and maintain operations through at least June 2027. The trustees consider the financial position stable, noting that while there are net current liabilities, these would turn into net current assets if investments were realized or deferred income added back.

What the accounts disclose

Reserves policy: six months' worth of total annual costs (held: £5.0m)
“The general fund should be built up to at least six months’ worth of total annual costs of the HFMA to cover short-term falling off in demand for the services offered.”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: HFMA Ltd, HFMA Commercial Services Limited
“The HFMA wholly owns two trading subsidiaries, HFMA Ltd, and HFMA Commercial Services Limited.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by RSM UK Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 30/06/2025)

Total income
£8.4m
Total spending
£8.4m
Cost of raising funds
£3.9m
Reserves (reported)
£5.0m
Employees
82

Reported reserves equal ~7.2 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
30/06/2025£8.4m£8.4m
30/06/2024£9.2m£8.8m
30/06/2023£8.7m£8.3m
30/06/2022£7.2m£6.8m
30/06/2021£5.8m£5.4m

Common questions

Is HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION financially healthy?

The accounts state that the charity achieved a surplus of £1,000 for the year, with total reserves standing at £5,032,000. Per the trustees' report, the organization has sufficient cash reserves and fixed asset investments to cover risks and maintain operations through at least June 2027. The trustees consider the financial position stable, noting that while there are net current liabilities, these would turn into net current assets if investments were realized or deferred income added back. Its FY2025 accounts were audited by RSM UK Audit LLP.