Finance Score: -5

Governance Score: 9

Support Score: 6

Poor Liquidity: -1
Good Reserves: +1Positive trading contribution: +2;Multiple Deficits: -2
Fundraising costs high: -5

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +6

Overall GiG Score: 10

BRISTOL AERO COLLECTION TRUST

Operation of a Museum available to the public for the acquisition, preservation, restoration and display of the products of the Bristol aviation manufacturing organisations and their related artefacts.Provision of a research facility of exhibits and related documentation available to the public.Operation of the Concorde at Filton public attraction for hosting visitors to Concorde 216.

Analysis by Giving is Great

Positives:

More than half of total income was derived from trading and fees in the latest year
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but very substantial unrestricted reserves are available
On several occasions in recent years income has been less than spending
Fundraising costs are extremely high relative to funds raised

Established: 32 years

www.aerospacebristol.org

info@aerospacebristol.org

01179315315

Charity Commission for England and Wales

Tweets

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
31/03/23		£3,045	£3,248	£-203	£1,196	£14,379	£14,321	52.9	47	170
31/03/22		£2,212	£2,384	£-171	£419	£14,582	£14,460	72.8	48	170
31/03/21		£2,335	£2,056	£279	£182	£14,753	£14,314	83.5	58	170
31/03/20		£3,833	£3,673	£161	£1,208	£14,475	£14,106	46.1	62	135
31/03/19		£3,147	£3,452	£-305	£1,007	£14,314	£13,956	48.5	53	120
31/03/18	*	£1,814	£2,059	£-244	£451	£14,545	£14,263	83.1	33	0
31/03/17		£1,912	£1,243	£669	£185	£14,649	£69	0.7	12	0
31/03/16		£11,790	£1,258	£10,532	£131	£13,980	£80	0.8	7	0
31/03/15		£4,251	£1,150	£3,101	£126	£3,448	£84	0.9	3	0
31/03/14		£913	£834	£79	£11	£347	£84	1.2	2	0
31/03/13		£22	£262	£-239	£0	£0	£0	n/a	0	0
31/03/12	*	£84	£72	£12	£0	£0	£0	n/a	0	0
31/03/11	*	£82	£89	£-6	£0	£0	£0	n/a	0	0
31/03/10	*	£120	£64	£55	£0	£0	£0	n/a	0	0
31/03/09	*	£112	£317	£-204	£0	£0	£0	n/a	0	0
31/03/08	*	£156	£119	£37	£0	£0	£0	n/a	0	0
31/03/07	*	£273	£170	£104	£0	£0	£0	n/a	0	0
31/03/06	*	£283	£150	£133	£0	£0	£0	n/a	0	0
31/03/05	*	£309	£192	£117	£0	£0	£0	n/a	0	0
31/03/04		£273	£43	£229	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 118.3%
Fundraising Costs/Total Spending: 36.8%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 20%
Liabilities/Income: 121%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 52.9 months
Net Current Assets/Spending: -5 months
Quick Ratio: 0.1

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage

How it operates

Other charitable activities

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

47 employees
170 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.

Major supporters in last 5 years

DCMS	£872,927
Garfield Weston Foundation	£344,000
National Lottery Heritage Fund	£250,000

Specific Donations

Amount	When Months	To be used for
Garfield Weston Foundation - WCF award - COVID19 response
£244,000	05/02/2021	Weston Culture Fund
National Lottery Heritage Fund - Grant to Bristol Aero Collection Trust
£250,000	25/06/2020	COVID 19 Bristol Aero Collection Trust
DCMS - Aerospace Bristol Culture Recovery Fund Application
£514,000	01/04/2020	To support Arts and Culture throughout England
DCMS - Aerospace Bristol Culture Recovery Fund Round 2 Application
£358,927	01/04/2020	To support Arts and Culture throughout England
Garfield Weston Foundation - Major Grants award
£100,000	27/03/2020	Conservation in Action Workshop
Quartet Community Foundation - Aerospace Bristol Learning Fund
£2,500	05/07/2018 12	To provide discounted visits to the aerospace museum for children living in Patchway and discounted workshops in STEM subjects for children at schools and youth groups in Patchway.
Quartet Community Foundation - Grant to Bristol Aero Collection Trust
£5,000	11/08/2016	As requested by the donor towards the creation of a museum celebrating Bristol's aviation history.
National Lottery Heritage Fund - Grant to Bristol Aero Collection Trust
£4,925,600	21/05/2013	Bristol Aerospace Centre

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (11)

Current Trustees appointed

Gender Split

Age Range of Trustees: 30-70

IAIN GRAY (Chair) Appointed: 2013, Occupation: Chief Executive

JACK LEONARD WILLIAMS Appointed: 2023, Occupation: Executive Assistant

JENNIFER MARY BODY CBE Appointed: 2020, Occupation: Retired

MATTHEW CHRISTOPHER SANDERS Appointed: 2019, Occupation: Accountant

PAUL CRAIG Appointed: 2013, Occupation: Chartered Engineer

PETER JOHN CHIVERS Appointed: 2023, Occupation: Chief Executive, Other trusteeship: THE ENGINEERING DEVELOPMENT TRUST,

RACHAEL JAYNE CORVER Appointed: 2023, Occupation: Civil Servant

RICHARD CHARLES PETTIT Appointed: 2020, Occupation: Solicitor

ROBERT JAMES YEANDLE Appointed: 2023, Occupation: Chairman, Other trusteeship: BRISTOL CHARITIES,

SALLY CORDWELL Appointed: 2022, Occupation: Chief Executive

SIAN LOUISE MACLEAN SMITH Appointed: 2020, Occupation: Joint Venture Director

Legal constitution

Charitable company registered in England & Wales on 24/04/1992, number: 1010632
Registered at Companies House on 19/02/1992, number: 02689238

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity 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
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
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

20 returns made; AR18: 1 days late, AR12: 6 days late, AR11: 79 days late, AR10: 1 days late, AR09: 1 days late, AR08: 15 days late, AR07: 31 days late, AR06: 1 days late, AR05: 72 days late,

Main office

Aerospace Bristol
Hayes Way
Patchway
BRISTOL
BS34 5BZ

Objectives

1) TO ADVANCE PUBLIC EDUCATION IN ALL MATTERS CONCERNING AIRCRAFT AND THE AIRCRAFT AND AEROSPACE INDUSTRIES, IN PARTICULAR BY THE PROVISION OF A MUSEUM FOR THE PUBLIC DISPLAY, RESTORATION AND CONSERVATION OF AIRCRAFT, FLYING BOATS, MISSLES, ROCKETS, SATELLITES, OTHER FLYING AERIAL OR SPACE DEVICES OR MACHINES AND THE COMPONENT PARTS OF THEM AND DRAWINGS OR PICTURES AND OTHER PRODUCTS OF, OR RELATING TO THE AIRCRAFT AND AEROSPACE INDUSTRIES; AND 2) TO PROMOTE OR UNDERTAKE RESEARCH INTO THE HISTORY OF AIRCRAFT DESIGN MANUFACTURE AND OPERATION INCLUDING THE HISTORY OF THE PERSONS AND COMPANIES INVOLVED IN THESE ACTIVITIES AND TO PUBLISH AND DISSEMINATE THE USEFUL ACTIVITIES AND TO PUBLISH AND DISSEMINATE THE USEFUL RESULTS OF THAT RESEARCH.

Defined Area of Benefit:

NOT DEFINED

Data Sources