THE OPEN BIONICS FOUNDATION
Latest income
£127k
Latest spending
£144k
Registered
2019
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that total funds carried forward were £310,306, with unrestricted funds of £26,739. The trustees report that the charity held reserves of £312,360 to cover one year's operating costs, although the net movement in funds for the year was a deficit of £17,974.
What the accounts disclose
Reserves policy: one year's operating costs (held: £312k)
“The charity only holds reserves to cover one year's operating costs.” — page 3
Per its FY2025 accounts as filed with the Charity Commission.
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2024) to "above" (FY2025).
- Going concern: going-concern doubt noted (FY2024) → no going-concern doubt (FY2025).
Structured financials (annual return, FY ending 31/03/2022)
Total income
£520k
Total spending
£304k
Reserves (reported)
£21k
Employees
0
Trustees
- Daniel Melville
- John Steven Whitman
- Linzi Lumbley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £127k | £144k |
| 31/03/2024 | £197k | £157k |
| 31/03/2023 | £138k | £279k |
| 31/03/2022 | £520k | £304k |
| 31/03/2021 | £468k | £351k |
Common questions
Is THE OPEN BIONICS FOUNDATION financially healthy?
The accounts state that total funds carried forward were £310,306, with unrestricted funds of £26,739. The trustees report that the charity held reserves of £312,360 to cover one year's operating costs, although the net movement in funds for the year was a deficit of £17,974. Its FY2025 accounts were independently examined.
Who funds THE OPEN BIONICS FOUNDATION?
Funders whose own accounts filings name THE OPEN BIONICS FOUNDATION as a grant recipient include THE DE BRYE CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE DE BRYE CHARITABLE TRUST | FY2023 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ONE FOOTSTEP | 1 | — |
| THE MOTIVATION CHARITABLE TRUST | 1 | £81k |
| HALLMARK CARE HOMES FOUNDATION | 1 | £26k |
| KUSUMA TRUST UK | 1 | £20k |
| ZURICH COMMUNITY TRUST (UK) LIMITED | 1 | £16k |
| MUSLIM COMMUNITY & EDUCATION CENTRE (MCEC) | 1 | £5k |
| THE HULL AND EAST RIDING CHARITABLE TRUST | 1 | £1k |