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.
Objects
TO PROMOTE AND PROTECT THE GOOD HEALTH OF PATIENTS REQUIRING CARDIAC SURGERY THROUGH THE PORTAL OF AN ANNUAL MEETING TO DEVELOP AND FOSTER INTEREST IN MINIMAL ACCESS CARDIAC SURGERY IN THE UK AND IRELAND FOR SURGEONS TO SHARE IDEAS ON : A) TRAINING OF BOTH JUNIOR DOCTORS AND CONSULTANTS DEVELOPING THEIR PROGRAMMES B) SHARING OF CLINICAL DATA AND EXPERIENCES C) DEVELOPMENT OF SPECIALIST WORKING GROUPS TO ADVISE COLLEGE BODIES D) IMPROVING PATIENT OUTCOMES E) WORKING WITH INDUSTRY TO INCREASE NUMBERS OF PROCEDURES PERFORMED THESE WILL AID IN THE ADVANCEMENT OF HEALTH AND SAVING LIVES AND AID IN HEALTH EDUCATION.
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
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
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.