Finance Score: -7

Governance Score: 2

Support Score: 2

Low unrestricted reserves: -2
Deficit on unrestricted reserves: -2
Positive trading contribution: +2;Fundraising costs high: -5

Good trustee age range: +3
Mainly male board: -1

Grant maker support: +2

Overall GiG Score: -3

BOAT BUILDING ACADEMY LIMITED

The Boat Building Academy (BBA) delivers training in a range of skills that encompass woodworking and furniture making to boatbuilding and marine related activities. Courses last from a few days to just under a year and there is some accommodation on site, almost on the beach in Lyme Regis, Dorset. As a charity we can assist some deserving men and women who could not otherwise afford the fees.

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

Regulatory & Governance issues to consider:

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

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
There was a deficit on unrestricted reserves of £4,107 at the last year end after deducting the value of own use assets
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
31/08/22	£800	£813	£-13	£347	£21	£-4	-0.1	13
31/08/21	£716	£774	£-58	£437	£35	£35	0.5	13
31/08/20	£673	£696	£-22	£415	£92	£82	1.4	14

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Financial Ratios

Fundraising Costs/Relevant Income: 576.4%
Fundraising Costs/Total Spending: 42.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 97%
Liabilities/Income: 82%
Unrestricted Funds/Total Funds: -19%
Reserves/Spending: -0.1 months
Net Current Assets/Spending: 2 months
Quick Ratio: 1.1

Asset Split ?

Established: 4 years
(20 years as a company)

www.boatbuildingacademy.com

office@boatbuildingacademy.com

01297445545

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
General Charitable Purposes

GiG Classification

Technical, vocational and continuing education

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

13 employees

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
The Foyle Foundation - Learning (MGS)
£10,000	11/02/2021	towards conversion/workshop extension works to make more space for the boat building and furniture making operations, teaching and students (awarded grant in response to coronavirus)
Garfield Weston Foundation - Main Grants award
£5,000	29/01/2021	Conversion of Accommodation at the Academy to Create additional space for students - needed due to Covid 19 & Social Distancing Restrictions

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

Age Range of Trustees: 44-81

BELLA ROSE BATHURST Appointed: 2020, Occupation: Writer

EDWARD JAMES POUND Appointed: 2023, Occupation: Retired, Other trusteeship: LYME REGIS GIG CLUB,

JONATHAN LLOYD-DAVIES Appointed: 2020, Occupation: Retired

ROBERT HOWARD AYLOTT Appointed: 2020, Occupation: Retired, Other trusteeship: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PULBOROUGH,

WILLIAM MAXWELL REED Appointed: 2020, Occupation: Principal

Legal constitution

Charitable company registered in England & Wales on 07/01/2020, number: 1187235
Registered at Companies House on 06/06/2003, number: 04789584

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

3 returns made; all on time

Main office

LYME REGIS MARINE CENTRE
MONMOUTH BEACH
LYME REGIS
DT7 3JN

Objectives

A. TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE ART, CRAFT AND SCIENCE OF BOAT BUILDING, FINE WOODWORKING AND RELATED SKILLS; ANDB. TO EDUCATE PEOPLE THROUGH THE PROVISION OF SAILING OR SAILING RELATED ACTIVITIES AND OTHER TRAINING TO DEVELOP THEIR PHYSICAL, MENTAL AND SOCIAL CAPABILITIES;

Data Sources