BISMICS
Organisation of annual meeting, Running a website regarding Minimally invasive cardiac surgery,Coordinating a registry of cases being carried out in the UK by Minimally invasive techniques.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £1,535 for the year ended 31 December 2024, with unrestricted reserves increasing to £64,452. The trustees report that this level of reserves is maintained in line with their policy of holding three to six months' expenditure to ensure continuity of activities. The charity had no material debt and employed no staff during the period.
What the accounts disclose
“It is the policy of the BISMICS that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 14
Trustees
- JOSEPH ZACHARIAS
- Max Houman Baghai
- RANJIT DESHPANDE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £96k | £94k |
| 31/12/2023 | £110k | £97k |
| 31/12/2022 | £97k | £88k |
| 31/12/2021 | £75k | £82k |
| 31/12/2020 | £35k | £16k |
Common questions
Is BISMICS financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £1,535 for the year ended 31 December 2024, with unrestricted reserves increasing to £64,452. The trustees report that this level of reserves is maintained in line with their policy of holding three to six months' expenditure to ensure continuity of activities. The charity had no material debt and employed no staff during the period. Its FY2024 accounts were independently examined.