BUPA FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity incurred a net expenditure of £55,721 for the year, reducing its unrestricted reserves to £17,950. The trustees note that the charity is dependent on annual funding commitments from Bupa, which has confirmed funding for 2024, providing a secure future for its operations. The trustees are satisfied that the charity will be able to meet all financial commitments for at least twelve months from the date of signing.
What the accounts disclose
“At the balance sheet date, the Charity remained in a good liquid position with cash reserves totalling £17,950 (2022: £100,269). The level of unrestricted reserves, excluding designated funds, totalled £17,950 (2022: £73,671). This was available to cover the Charity’s planned future expenditure.” — page 18
“The charity is dependent on receiving funding from Bupa, which is committed annually in advance of each accounting period. Grant awards are only approved within the funds available under the Annual Grant Agreement and are not committed beyond that level of confirmed funding.” — page 12
“During the year, the Charity received donated income of £1,785,000 (2022: £1,000,083) and donated services to the value of £272,980 (2022: £182,881) from Bupa. Included in direct costs are employee costs relating to a staff member of Bupa who was invoiced to the Bupa Foundation during the year. At the balance sheet date there was accrued expenditure of £nil (2022: £26,598) relating to costs borne by Bupa to be reimbursed by the Bupa Foundation. There was no outstanding income between the Charity and Bupa at the balance sheet date. A number of the Trustees are also directors of various entities within the Bupa Group (listed in the Trustees’ Report as Bupa Connected Trustees). No Trustees received remuneration. One Trustee (Non connected) received a reimbursement for travel expenses totalling £85 (2022: £nil) in the year.” — page 22
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → going-concern doubt noted (FY2023).
Leadership, per the charity’s website
- Stuart Brown — Chair
- Angelique Waker — Co-Vice Chair
- James O'Reilly — CEO
- Anna Russell — Director
Funders the charity credits
- Bupa UK
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Angelique Waker
- Dr Neil Kumar Sikka
- James Michael OReilly
- Michelle Smith
- Shweta Narayan
- Stuart Turner Brown
- Yasmin Rabie Ali Mahfouz
- Zelina Harrington-Greenwood
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £3.0m | £2.3m |
| 31/12/2024 | £2.1m | £2.1m |
| 31/12/2023 | £2.1m | £2.1m |
| 31/12/2022 | £1.2m | £1.2m |
| 31/12/2021 | £1.2m | £1.3m |
Common questions
Is BUPA FOUNDATION financially healthy?
The accounts state that the charity incurred a net expenditure of £55,721 for the year, reducing its unrestricted reserves to £17,950. The trustees note that the charity is dependent on annual funding commitments from Bupa, which has confirmed funding for 2024, providing a secure future for its operations. The trustees are satisfied that the charity will be able to meet all financial commitments for at least twelve months from the date of signing. Its FY2023 accounts were audited by Beever and Struthers.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NEIGHBOURLY FOUNDATION | 1 | £1.6m |
| THE AMATEURS TRUST | 1 | £90k |
| THE FRANK JACKSON FOUNDATION | 1 | £85k |
| THE PARGITER TRUST | 1 | £80k |
| ST EDMUNDS TRUST | 1 | £21k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £10k |
| ROYAL DEVON UNIVERSITY HEALTHCARE NHS FOUNDATION TRUST CHARITY | 1 | £5k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 1 | £5k |