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bp Helios Fund

Registered charity 803778 · accounts filings on the Charity Commission register · also known as BP BENEVOLENT FUND

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Latest income
£13.8m
Latest spending
£14.9m
Registered
1990
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves decreased to £1,563,278 from £2,555,560 in the prior year, primarily due to the timing of donations and the significant dispersal of COLAG grants. The charity reports adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified by the auditors.

What the accounts disclose

Related-party transaction: BP Plc recharged salary costs for four employees.
“BP Plc is a related party which met certain expenditure on behalf of the charity. In addition, they recharged salary costs relating to four employees (2023: two employees) who provided services to the charity in the year of £25,882 (2023: £10,150). BP Plc have provided no (2023: 1) general donations in the year of £Nil (2023: £291,052) and seven donations amounting to £13,800,000 (2023: £2,000,001) in respect of COLAG.” — page 20
“BP Pensions Limited is a related party which provides administration services and support to the charity free of charge.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: BP Pensions Limited provides administration services free of charge.
“BP Plc is a related party which met certain expenditure on behalf of the charity. In addition, they recharged salary costs relating to four employees (2023: two employees) who provided services to the charity in the year of £25,882 (2023: £10,150). BP Plc have provided no (2023: 1) general donations in the year of £Nil (2023: £291,052) and seven donations amounting to £13,800,000 (2023: £2,000,001) in respect of COLAG.” — page 20
“BP Pensions Limited is a related party which provides administration services and support to the charity free of charge.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Ensors Accountants LLP. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£13.8m
Total spending
£14.9m
Cost of raising funds
£14k
Reserves (reported)
£1.6m
Employees
0

Reported reserves equal ~1.3 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£13.8m£14.9m
31/12/2023£2.3m£1.3m
31/12/2022£28k£116k
31/12/2021£24k£45k
31/12/2020£29k£37k

Common questions

Is bp Helios Fund financially healthy?

The accounts state that unrestricted reserves decreased to £1,563,278 from £2,555,560 in the prior year, primarily due to the timing of donations and the significant dispersal of COLAG grants. The charity reports adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified by the auditors. Its FY2024 accounts were audited by Ensors Accountants LLP.