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THE SYNCONA FOUNDATION

Registered charity 1149202 · accounts filings on the Charity Commission register · also known as THE BACIT FOUNDATION · listed website unreachable when last crawled

Latest income
£4.0m
Latest spending
£4.2m
Registered
2012
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity holds total unrestricted funds of £4,377,654, which the Trustees consider sufficient for the size and nature of the Foundation. The charity relies entirely on annual donations from Syncona, which are subject to termination on six months' written notice, though no such notice has been given. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Reserves policy: sufficient funds to cover the Foundation's running costs (excluding the costs of the administrative support provided by Syncona) (held: £4.4m)
“The Foundation's policy is to disburse substantially all funds received from Syncona, retaining only sufficient funds to cover the Foundation's running costs (excluding the costs of the administrative support provided by Syncona) which are represented by the Governance costs in note 6.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Couch Bright King & Co.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£4.0m
Total spending
£4.2m
Reserves (reported)
£3.9m
Employees
0

Reported reserves equal ~11.1 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£4.0m£4.2m
31/03/2024£4.4m£4.4m
31/03/2023£4.7m£2.5m
31/03/2022£2.5m£2.9m
31/03/2021£2.8m£498k

Common questions

Is THE SYNCONA FOUNDATION financially healthy?

The accounts state that the charity holds total unrestricted funds of £4,377,654, which the Trustees consider sufficient for the size and nature of the Foundation. The charity relies entirely on annual donations from Syncona, which are subject to termination on six months' written notice, though no such notice has been given. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Couch Bright King & Co.

Who funds THE SYNCONA FOUNDATION?

Funders whose own accounts filings name THE SYNCONA FOUNDATION as a grant recipient include CURE LEUKAEMIA.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
CURE LEUKAEMIAFY2024£150k
CURE LEUKAEMIAFY2022£100k

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
ONE FOOTSTEP1—

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