Finance Score: 1

Governance Score: 2

Support Score: 0

Low unrestricted reserves: -2
Accounts filed more than 5 days late: -2 times
Strong growth: +2
Fundraising costs low: +3

Dynamic board: +3
Mainly male board: -1

No supporters identified

Overall GiG Score: 3

PROJECT SEAGRASS

Project Seagrass is committed to saving the worlds seagrass. Project Seagrass works towards the conservation of seagrass ecosystems through community, research, and action, both in the UK and globally.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
The Board is predominantly male

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended

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		£933	£866	£66	£6	£739	£39	0.5	17	155
31/03/22		£827	£372	£455	£2	£672	£91	2.9	8	70
31/03/21	*	£366	£174	£191	n/a	n/a	n/a	n/a	n/a	5
31/03/20		£17	£9	£7	n/a	n/a	n/a	n/a	n/a	1,936
31/03/19	*	£9	£11	£-2	n/a	n/a	n/a	n/a	n/a	10
31/03/18		£12	£19	£-6	£0	£0	£0	n/a	0	0
31/03/17		£77	£56	£20	£0	£0	£0	n/a	0	0
31/03/16		£9	£9	£1	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.8%
Fundraising Costs/Total Spending: 0.7%
Highest pay band: Less than £60,000
Liabilities/Assets: 8%
Liabilities/Income: 7%
Unrestricted Funds/Total Funds: 5%
Reserves/Spending: 0.5 months
Net Current Assets/Spending: 8 months
Quick Ratio: 7.6

Asset Split ?

Established: 9 years

www.projectseagrass.org

info@projectseagrass.org

01656 253480

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes

GiG Classification

Land or water management

How it operates

Makes Grants to Organisations
Other charitable activities
Provides advocacy/advice/information
Provides services
Sponsors or undertakes research

Where it operates

Australia, East Timor, Indonesia, Malaysia, Philippines, Scotland, Thailand, Throughout England And Wales, United States,

Who it helps

Other Charities Or Voluntary Bodies
The General Public/Mankind

Who works here?

17 employees
155 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

ROSSLYN BARR (Chair) Appointed: 2020

DAVID KING Appointed: 2023

DR BEVIS MATTHEW WATTS Appointed: 2022

DR SARAH PILGRIM-MORRISON Appointed: 2021

JAKE DAVIES Appointed: 2020

MIKE FURNESS Appointed: 2020

ROBERT CHRISTIAN RAIMES Appointed: 2023

Legal constitution

Charity registered in England & Wales on 24/07/2015, number: 1162824

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
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
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

8 returns made; AR21: 63 days late, AR19: 17 days late,

Main office

Project Seagrass
Unit 1
Garth Drive
Brackla Industrial Estate
BRIDGEND

Objectives

THE OBJECTS OF THE CIO ARE TO ADVANCE THE CONSERVATION OF SEAGRASS ECOSYSTEMS THROUGH EDUCATION, INFLUENCE, RESEARCH AND ACTION FOR THE BENEFIT OF THE WIDER PUBLIC BOTH NOW AND FOR THE FUTURE.

Data Sources