SPECIAL BOAT SERVICE ASSOCIATION
Financial health, per its FY2023 accounts
The accounts state that the charity holds unrestricted free reserves of £446,101, which the Trustees judge to be sufficient to meet its obligations and continue as a going concern. The charity reported a net surplus of £534,327 for the year, driven by significant donations and investment income, despite substantial charitable expenditure.
What the accounts disclose
“Accountancy fees of £2,500 (2022: £3,000) relating to Frankton Trading Limited were paid for by Special Boat Service Association.” — page 42
“Wages costs of £20,083 (2022: £4,671) were recharged to Frankton Trading Limited by Special Boat Service Association.”
“Accountancy fees of £2,500 (2022: £3,000) relating to Frankton Trading Limited were paid for by Special Boat Service Association.” — page 42
“Wages costs of £20,083 (2022: £4,671) were recharged to Frankton Trading Limited by Special Boat Service Association.”
“The wholly owned subsidiary Frankton Trading Ltd accounts have been consolidated into the Associations financial records.” — page 8
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (08/04/2018)
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.6m | £3.4m |
| 31/03/2024 | £4.4m | £3.7m |
| 31/03/2023 | £3.4m | £2.9m |
| 31/03/2022 | £5.7m | £9.3m |
| 31/03/2021 | £2.3m | £2.0m |
Common questions
Is SPECIAL BOAT SERVICE ASSOCIATION financially healthy?
The accounts state that the charity holds unrestricted free reserves of £446,101, which the Trustees judge to be sufficient to meet its obligations and continue as a going concern. The charity reported a net surplus of £534,327 for the year, driven by significant donations and investment income, despite substantial charitable expenditure. Its FY2023 accounts were audited by PKF Francis Clark.
Who funds SPECIAL BOAT SERVICE ASSOCIATION?
Funders whose own accounts filings name SPECIAL BOAT SERVICE ASSOCIATION as a grant recipient include THE ASTOR FOUNDATION, THE MEDLOCK CHARITABLE TRUST, PETER STORMONTH DARLING CHARITABLE TRUST, THE SYLVIA AND COLIN SHEPHERD CHARITABLE TRUST, FRAZER TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE ASTOR FOUNDATION | FY2022 | £33k |
| THE MEDLOCK CHARITABLE TRUST | FY2025 | £15k |
| THE MEDLOCK CHARITABLE TRUST | FY2024 | £10k |
| PETER STORMONTH DARLING CHARITABLE TRUST | FY2022 | £8k |
| THE SYLVIA AND COLIN SHEPHERD CHARITABLE TRUST | FY2023 | £7k |
| PETER STORMONTH DARLING CHARITABLE TRUST | FY2023 | £5k |
| THE ASTOR FOUNDATION | FY2023 | £3k |
| THE ASTOR FOUNDATION | FY2025 | £3k |
| FRAZER TRUST | FY2024 | £2k |
| LEST WE FORGET ASSOCIATION | FY2022 | £0 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Seafarers' Charity (King George's Fund for Sailors) | 1 | — |
| THE ARMY DEPENDANTS' TRUST | 1 | £2.5m |
| WARRANT OFFICERS' & SERGEANTS' MESS SCHOOL OF ELECTRICAL & MECHANICAL ENGINEERS | 1 | £1.1m |
| THE REME CHARITY | 1 | £178k |
| ROYAL ARTILLERY CHARITABLE FUND | 1 | £159k |
| THE RIFLES BENEVOLENT TRUST | 1 | £120k |
| THE I T F SEAFARERS TRUST | 1 | £99k |
| P F CHARITABLE TRUST | 1 | £80k |