ARMY SAILING ASSOCIATION | Charity Factsheet

Finance Score: -6

Governance Score: 0

Support Score: 0

Liabilities <10%: +3
Excess reserves: -2
Accounts filed more than 5 days late: -4 times
Strong growth: +2
Fundraising costs high: -5

(no info on trustees)

No supporters identified

Overall GiG Score: -6

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £2,667,319 available, equivalent to 25 months of spending and so may not be able to utilise additional funding
Accounts have been filed late on 4 occasions over the last 5 years
There has been a change of accounting period recently, so trends may be hard to determine
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

N.B. data has been adjusted to reflect year end change

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
05/04/23	*	£1,537	£1,260	£277	£988	£2,854	£2,667	25.4	0	6
05/04/22?		£833	£695	£138	£30	£2,490	£2,455	42.4	0	0
31/10/20	*	£661	£459	£202	£20	£1,927	£1,927	50.4	0	0
31/10/19	*	£456	£400	£56	n/a	n/a	n/a	n/a	n/a	1,300
31/10/18	*	£397	£467	£-70	£0	£0	£0	n/a	0	0
31/10/17		£479	£493	£-14	£0	£0	£0	n/a	0	0
31/10/16		£362	£473	£-111	£0	£0	£0	n/a	0	0
31/10/15		£466	£377	£89	£0	£0	£0	n/a	0	0
31/10/14		£1,840	£292	£1,548	£41	£1,550	£386	15.8	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 66.6%
Fundraising Costs/Total Spending: 78.4%
Highest pay band: Less than £60,000
Liabilities/Assets: 3%
Liabilities/Income: 5%
Unrestricted Funds/Total Funds: 93%
Reserves/Spending: 25.4 months
Net Current Assets/Spending: 3 months
Quick Ratio: 5

Asset Split ?

Established: 11 years

Charity Commission for England and Wales

Tweets

Listed activities

Amateur Sport
Armed Forces/Emergency Service Efficiency
Education/Training

GiG Classification

Sports activities

How it operates

Acts as an umbrella or resource body
Makes Grants to Individuals
Makes Grants to Organisations
Provides buildings/facilities/open space
Provides other finance
Provides services

Where it operates

Hampshire,

Who it helps

Other Defined Groups

Who works here?

Unknown number of employees
6 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees

Sorry we have no information about the Trustees.

Legal constitution

registered in England & Wales on 02/07/2013, number: 1152679

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints 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
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

Filing Record

9 returns made; AR23: 59 days late, AR20: 43 days late, AR19: 57 days late, AR18: 30 days late,

Data Sources