The British Academy of Film and Television Arts (BAFTA) is an independent charity that supports, develops and promotes the art forms of the moving image – film, television and game in the United Kingdom. In addition to its annual awards ceremonies, BAFTA has an international, year-round programme of learning events and initiatives offering access to talent through workshops, masterclasses, scholarships, lectures and mentoring schemes in the UK and the USA. 

BAFTA started out as the British Film Academy, was founded in 1947 by a group of directors David Lean, Alexander Korda, Roger Manvell, Laurence Olivier, Emeric Pressburger, Michael Powell, Michael Balcon, Carol Reed, and other major figures of the British film industry. 

David Lean was the founding chairman of the academy. The first Film Awards ceremony took place in May 1949 and honouring the films "The Best Years of Our Lives", "Odd Man Out" and "The World Is Rich". 

The Guild of Television Producers and Directors was set up in 1953 with the first awards ceremony in October 1954, and in 1958 merged with the British Film Academy to form the Society of Film and Television Arts, whose inaugural meeting was held at Buckingham Palace and presided over by HRH The Duke of Edinburgh.
What happened on May 1949?
 The first Film Awards ceremony took place in May 1949