BMA FOUNDATION
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves totalled £17,733,059, a decrease from the previous year's £19,611,628. The charity reported a surplus before investment gains of £141,281 for the year ended 31 December 2022. While current liabilities exceeded current assets by £1,435,406, the trustees confirmed there is no evidence to suggest that continued support from trustees, banks, and investments will not continue.
What the accounts disclose
“The Foundation has significant reserves in which to draw in the event of a shortfall and Trustees feel it unnecessary to have additional funds in place to cover short terms needs.”
“The charity is reliant upon the continued supports of its trustees, bank and investments, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the charity to continue as a going concern.” — page 12
Leadership, per the charity’s website
- Professor Philip Banfield — Chair
- Ms Neeta Major — Co-CEO
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (01/09/2022)
- Received assets from another charity (01/09/2022)
- Received assets from another charity (01/09/2022)
Trustees
- Jonathan Anthony Collins
- Neeta Major
- Professor Ashley Woodcock
- Professor Helen Louise Fisher
- Professor Philip Banfield
- Ram Pragash Moorthy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £806k |
| 31/12/2023 | £1.2m | £1.1m |
| 31/12/2022 | £1.2m | £1.0m |
| 31/12/2021 | £2.8m | £1.0m |
Common questions
Is BMA FOUNDATION financially healthy?
The accounts state that unrestricted reserves totalled £17,733,059, a decrease from the previous year's £19,611,628. The charity reported a surplus before investment gains of £141,281 for the year ended 31 December 2022. While current liabilities exceeded current assets by £1,435,406, the trustees confirmed there is no evidence to suggest that continued support from trustees, banks, and investments will not continue. Its FY2022 accounts were audited by Prentis & Co LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Bird Song Trust | 1 | £79k |
| THE ASTOR FOUNDATION | 1 | £2k |