Finance Score: -2

Governance Score: 5

Support Score: 2

Positive trading contribution: +2;Good reserves management: +3
Multiple Deficits: -2
Fundraising costs high: -5

12+ Trustees: -1
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +2

Overall GiG Score: 5

HEALTHCARE FINANCIAL MANAGEMENT ASSOCIATION

HFMA is the professional membership organisation for finance staff in the healthcare sector.The organisation offers training and publications both to its members and the wider healthcare finance community.HFMA sponsors, undertakes and publishes relevant studies and research work and aims to advance effective financial management in the healthcare sector.

Analysis by Giving is Great

Positives:

The charity has received modest backing from several prominent grant makers recently
More than half of total income was derived from trading and fees in the latest year
Reserves management has been consistently within official guidelines
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 16 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

On several occasions in recent years income has been less than spending
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
30/06/23		£8,687	£8,309	£378	£3,706	£4,660	£4,660	6.7	79	150
30/06/22		£7,170	£6,753	£417	£2,705	£4,244	£4,244	7.5	71	200
30/06/21		£5,759	£5,411	£348	£2,242	£3,954	£3,954	8.8	67	150
30/06/20		£6,668	£7,413	£-745	£3,334	£3,606	£3,606	5.8	84	90
30/06/19		£7,347	£7,507	£-160	£3,336	£4,385	£4,385	7	82	150
30/06/18		£7,651	£7,751	£-100	£4,024	£4,418	£4,418	6.8	88	0
30/06/17		£7,266	£7,509	£-243	£3,534	£4,455	£4,455	7.1	84	0
30/06/16		£8,516	£8,296	£220	£3,918	£4,677	£4,677	6.8	64	0
30/06/15	*	£7,592	£7,289	£303	£3,260	£4,452	£4,452	7.3	62	0
30/06/14		£5,920	£5,726	£194	£2,562	£4,149	£4,149	8.7	57	0
30/06/13		£5,637	£5,251	£386	£2,344	£3,946	£3,946	9	45	0
30/06/12		£4,039	£3,540	£499	£1,234	£3,546	£3,546	12	33	0
30/06/11		£4,036	£3,534	£502	£1,097	£3,053	£3,053	10.4	31	0
30/06/10		£3,902	£3,518	£384	£1,186	£2,551	£2,551	8.7	33	0
30/06/09		£2,141	£2,653	£-512	£953	£2,158	£2,158	9.8	32	0
30/06/08		£2,178	£2,434	£-255	£774	£1,542	£1,542	7.6	25	0
30/06/07		£1,281	£1,775	£-493	£108	£921	£921	6.2	20	0

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Financial Ratios

Fundraising Costs/Relevant Income: 109.2%
Fundraising Costs/Total Spending: 44.7%
Senior Staff Costs/Total Spending: 15%
Highest pay band: £200,000-£250,000
Liabilities/Assets: 66%
Liabilities/Income: 105%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 6.7 months
Net Current Assets/Spending: -1 months
Quick Ratio: 0.4

Asset Split ?

Established: 18 years

www.hfma.org.uk

info@hfma.org.uk

01179294789

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
The Advancement Of Health Or Saving Of Lives

GiG Classification

Philanthropic intermediaries and voluntarism promotion

How it operates

Provides advocacy/advice/information
Provides services
Sponsors or undertakes research

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Other Defined Groups

Who works here?

79 employees
150 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Department for Education - Apprenticeships Participation 16 - 18
£4,657	01/04/2020	To fund the provision of apprenticeship training.
Department for Education - Apprenticeships Participation 18+
£23,642	01/04/2020	To fund the provision of apprenticeship training.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (16)

Current Trustees appointed

Gender Split

Based on 13/16 persons

Age Range of Trustees: 40-59

CHOW KWAN KIM LI Appointed: 2020, Occupation: Director Of Finance

NICCI BRIGGS Appointed: 2022, Occupation: Chief Finance Officer

CATHERINE PHILLIPS Appointed: 2023, Occupation: Company Director

DAVID CHANDLER Appointed: 2020, Occupation: Chief Officer And Chief Finance Officer

DAWN SCRAFIELD Appointed: 2021, Occupation: Finance Director

PETER RIDLEY Appointed: 2021, Occupation: Finance Director

RICHARD MCCALLUM Appointed: 2021, Occupation: Finance Director

WENDY THOMPSON Appointed: 2022, Occupation: Chartered Accountant

BILL GREGORY Appointed: 2015, Occupation: Chief Finance Officer

CLAIRE LOUISE WILSON Appointed: 2018, Occupation: Accountant

DR KAVITA KEREN GNANAOLIVU Appointed: 2019, Occupation: Healthcare Consulting

LEE OUTHWAITE Appointed: 2016, Occupation: Nhs Director, Other trusteeship: THE CHARTERED INSTITUTE OF PUBLIC FINANCE AND ACCOUNTANCY,

LEE WILLIAM BOND Appointed: 2018, Occupation: Accountant

OWEN PAUL HARKIN (Chair) Appointed: 2016, Occupation: Director Of Finance

SIMON PAUL CROWTHER Appointed: 2019, Occupation: Accountant

SANJAY AGRAWAL Appointed: 2016, Occupation: Doctor, Other trusteeship: ACTION ON SMOKING AND HEALTH (ASH),

Legal constitution

Charitable company registered in England & Wales on 01/06/2006, number: 1114463
Registered at Companies House on 20/04/2006, number: 05787972

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

17 returns made; AR15: 0 days late,

Main office

HFMA House
4 Broad Plain
BRISTOL
BS2 0JP

Objectives

3.2 The advancement of the science of healthcare management, governance, healthcare finance and accountancy and related areas including but not limited to: 3.2.1 the advancement of education (in particular for employees engaged in provision of health services) in healthcare management, governance, healthcare finance and accountancy and related areas;3.2.2 the promotion of study and research in healthcare management, governance, healthcare finance and accountancy and related areas; and3.2.3 the provision of continuous professional development.

Defined Area of Benefit:

NOT DEFINED.

Data Sources