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BRISTOL AERO COLLECTION TRUST

Registered charity 1010632 · accounts filings on the Charity Commission register · also known as BRISTOL AERO COLLECTION

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Latest income
£2.5m
Latest spending
£2.9m
Registered
1992
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity's free funds are in deficit, with unrestricted reserves of £14,205,676 offset by a negative general funds position of £(3,252,680). The trustees report a material uncertainty regarding going concern due to reliance on an overdraft facility guaranteed by BAE Systems to fund this deficit. However, the auditors confirmed the going concern basis is appropriate, noting positive visitor trends and secured banking facilities.

What the accounts disclose

Going concern: material uncertainty disclosed
“We draw attention to note 1.2 in the financial statements, which indicates that there is a material uncertainty in respect of going concern.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: BAC Trading Limited is the trading subsdiary of Bristol Aero Collection Trust. In the financial year ended 31 March 2024 BAC Trading Limited made a gift aid donation of £66,231 (2023 : £35,633) to Bristol Aero Collection Trust. In addition to this, BAC Trading Limited paid management charges of £450,657 (2023: £393,943) to the Charity in respect of rent and overheads.
“BAC Trading Limited is the trading subsdiary of Bristol Aero Collection Trust. In the financial year ended 31 March 2024 BAC Trading Limited made a gift aid donation of £66,231 (2023 : £35,633) to Bristol Aero Collection Trust. In addition to this, BAC Trading Limited paid management charges of £450,657 (2023: £393,943) to the Charity in respect of rent and overheads.” — page 48
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Randall & Payne LLP. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.5m
Total spending
£2.9m
Cost of raising funds
£634k
Reserves (reported)
£0
Employees
35

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£2.5m£2.9m
31/03/2024£3.7m£3.7m
31/03/2023£3.0m£3.2m
31/03/2022£2.2m£2.4m
31/03/2021£2.3m£2.1m

Common questions

Is BRISTOL AERO COLLECTION TRUST financially healthy?

The accounts state that the charity's free funds are in deficit, with unrestricted reserves of £14,205,676 offset by a negative general funds position of £(3,252,680). The trustees report a material uncertainty regarding going concern due to reliance on an overdraft facility guaranteed by BAE Systems to fund this deficit. However, the auditors confirmed the going concern basis is appropriate, noting positive visitor trends and secured banking facilities. Its FY2024 accounts were audited by Randall & Payne LLP.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund22/06/2020£250k"COVID 19 Bristol Aero Collection Trust"
The National Lottery Heritage Fund21/05/2013£4.9m"Bristol Aerospace Centre"