CIRCULAR BIOECONOMY ALLIANCE
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £2,282,621, which significantly exceed the trustees' stated policy target of approximately three months of running costs (less than £200,000). Per the trustees' report, the charity incurred a net expenditure of £37,371 for the year, resulting in a slight decrease in total reserves from the previous period, but the auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The level of free reserves that the Trustees believe to be appropriate and sufficient to fulfil its core commitments is defined as free reserves equivalent to circa three months of running costs, currently this is less than £200,000.” — page 11
“Mark Palahi, Circular Bioeconomy Alliance’s Chief Executive Officer, was employed by Lombard Odier during the period, and seconded to the charity on a part time pro bono basis. A gift in kind of £37,000 is included in these accounts to reflect the trustees’ best estimate of the value to the charity of Marc’s time (2024: £20,634). Kitty Parker Brookes was also seconded to the CBA from Lombard Odier on a project basis, to help manage and support the CBA Flagship Event, a gift in kind valued at £8,500 (2024: £0)” — page 32
“A trading subsidiary was incorporated on 7 November 2023 named the Circular Bioeconomy Alliance Advisors Ltd (CBAA).” — page 11
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- DAME AMELIA CHILCOTT FAWCETTchair
- Dr Francis Vijay Narasimhan Rangarajan
- Federico Marchetti
- Professor Nathalie Seddon
- Tanya Margaret Anne Steele
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.1m | £1.2m |
| 31/03/2024 | £3.0m | £325k |
Common questions
Is CIRCULAR BIOECONOMY ALLIANCE financially healthy?
The accounts state that the charity holds unrestricted reserves of £2,282,621, which significantly exceed the trustees' stated policy target of approximately three months of running costs (less than £200,000). Per the trustees' report, the charity incurred a net expenditure of £37,371 for the year, resulting in a slight decrease in total reserves from the previous period, but the auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Saffery LLP.