BRITISH ACCOUNTING AND FINANCE ASSOCIATION
The advancement of knowledge/understanding of accounting, finance and financial management, including:(i) the advancement of education in these areas(ii) the encouragement of research in these areas(iii) the promotion by means of conferences, discussion groups or otherwise, of closer relations among teachers, practitioners and others who are interested in the development of these areas
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £52,097 for the year, with total unrestricted reserves increasing to £311,444. Per the trustees' report, the financial position is described as healthy, supported by stable income from subscriptions and publications.
What the accounts disclose
“The British Accounting Review (BAR) continues to provide a significant income stream.” — page 16
“The BAFA as a whole, and each of its sub-groups (CPAF, CDAF, SIGs, Area Groups) will maintain its reserves at between 80% and 100% of the average annual expenditure of the BAFA (or the sub-group) over the long-term.” — page 4
“The Trustees subscribe as members of the association under the normal terms given to all other members. In accordance with its financial regulations, BAFA reimburses the expenses of trustees incurred in carrying out their responsibilities.” — page 43
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2024) to "above" (FY2025).
Trustees
- Clodagh Hegarty
- Dr Anwar Halari
- Gregory Neil Stoner
- IAN PETER CRAWFORD
- Joan Amanda Ballantine
- Kevin Michael Peter Holland
- Mohamed Karim Sorour
- Sarah Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £374k | £322k |
| 31/12/2024 | £358k | £349k |
| 31/12/2023 | £305k | £294k |
| 31/12/2022 | £320k | £189k |
| 31/12/2021 | £101k | £63k |
Common questions
Is BRITISH ACCOUNTING AND FINANCE ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £52,097 for the year, with total unrestricted reserves increasing to £311,444. Per the trustees' report, the financial position is described as healthy, supported by stable income from subscriptions and publications. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MAYFAIR CHARITIES LIMITED | 1 | £21k |
| THE BARBERS' COMPANY GENERAL CHARITIES | 1 | £7k |
Charities like this
- BRITISH FOUNDATION FOR THE UNIVERSITY OF THE WEST INDIES
- THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS' GENERAL CHARITABLE TRUST FUND
- THE CHARTERED ASSOCIATION OF BUSINESS SCHOOLS
- BRITISH ORTHOPAEDIC ASSOCIATION
- BRITISH AMERICAN DRAMA ACADEMY
- THE CERTIFIED ACCOUNTANTS EDUCATIONAL TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BRITISH ACCOUNTING AND FINANCE ASSOCIATION | £374k | — | 0 | above | — | no doubt |
| BRITISH FOUNDATION FOR THE UNIVERSITY OF THE WEST INDIES | £252k | — | 0 | unclear | — | no doubt |
| THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS' GENERAL CHARITABLE TRUST FUND | £117k | — | 0 | unclear | — | no doubt |
| THE CHARTERED ASSOCIATION OF BUSINESS SCHOOLS | £18.3m | — | — | unclear | — | no doubt |
| BRITISH ORTHOPAEDIC ASSOCIATION | £3.2m | — | — | above | — | no doubt |
| BRITISH AMERICAN DRAMA ACADEMY | £3.4m | — | — | above | — | no doubt |