Finance Score: 0

Governance Score: -3

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Spending falling: -1
Fundraising costs low: +3

Good trustee age range: +3
Static board: -3
All male board: -3

No supporters identified

Overall GiG Score: -3

THE MARITIME EDUCATIONAL FOUNDATION

A range of activities to support rating and officer training and development, including provision of rating apprenticeship places, officer training places, rating to officer conversion, updating certification and supporting relevant industry activities and projects.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised
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 completely male
The Board composition appears to be rather static

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £10,024,291 available, equivalent to 110 months of spending and so may not be able to utilise additional funding
Spending has fallen significantly over the last 5 years relative to the previous period

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/23		£5,979	£1,096	£4,883	£0	£10,024	£10,024	109.8	0	0
31/12/22		£3,837	£816	£3,022	£0	£4,999	£4,999	73.6	0	0
31/12/21		£2,468	£1,005	£1,463	£0	£2,323	£2,323	27.7	0	0
31/12/20		£1,882	£1,723	£159	£0	£709	£709	4.9	0	0
31/12/19		£2,212	£3,919	£-1,707	£40	£589	£589	1.8	0	0
31/12/18	*	£2,388	£4,867	£-2,479	£43	£1,845	£1,845	4.5	0	0
31/12/17		£2,218	£4,087	£-1,869	£48	£4,817	£4,817	14.1	0	0
31/12/16		£1,501	£2,753	£-1,252	£44	£6,375	£6,375	27.8	0	0
31/12/15		£2,235	£2,914	£-680	£0	£6,948	£6,948	28.6	0	0
31/12/14		£2,018	£1,949	£69	£52	£7,719	£7,719	47.5	0	0
31/12/13		£1,970	£2,325	£-354	£52	£7,650	£7,650	39.5	0	0
31/12/12		£2,311	£1,369	£942	£51	£8,004	£8,004	70.2	0	0
31/12/11		£3,759	£2,227	£1,532	£49	£7,062	£7,062	38.1	0	0
31/12/10		£1,987	£1,104	£883	£46	£5,530	£5,530	60.1	0	0
31/12/09		£2,150	£2,012	£138	£44	£4,647	£4,647	27.7	0	0
31/12/08		£2,922	£1,714	£1,209	£43	£4,508	£4,508	31.6	0	0
31/12/07		£2,374	£1,961	£414	£41	£3,300	£3,300	20.2	0	0
31/12/06		£2,486	£1,764	£722	n/a	n/a	n/a	n/a	n/a	n/a
31/12/05		£2,453	£1,158	£1,295	n/a	n/a	n/a	n/a	n/a	n/a
31/12/04		£1,901	£1,181	£720	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0.4%
Fundraising Costs/Total Spending: 2%
Highest pay band: Less than £60,000
Liabilities/Assets: 10%
Liabilities/Income: 18%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 109.8 months
Net Current Assets/Spending: 76 months
Quick Ratio: 5.4

Asset Split ?

Balance Sheet History

Established: 21 years
(23 years as a company)

www.meftraining.org

dstevens@ukchamberofshipping.com

02074172840

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Other education support

How it operates

Acts as an umbrella or resource body
Makes grants to individuals
Makes grants to organisations

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Other Defined Groups
The General Public/Mankind

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Age Range of Trustees: 41-66

CLIFF ROBERTS Appointed: 2011, Occupation: Qse Direcotr

DARREN PROCTER Appointed: 2018, Occupation: Union Official

DAVID APPLETON Appointed: 2017, Occupation: Trade Union Official

MARK DICKINSON, Occupation: T U Official

MARK CARDEN Appointed: 2013, Occupation: Trade Union Officer

STEVEN KONSTANZ Appointed: 2017, Occupation: Hr Director

Legal constitution

Charitable company registered in England & Wales on 17/10/2003, number: 1100125
Registered at Companies House on 12/07/2001, number: 04251334

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Risk management
Trustee conflicts of interest policy and procedures

Filing Record

20 returns made; AR18: 17 days late,

Main office

The Maritime Educational Foundation
30 Park Street
LONDON
SE1 9EQ

Objectives

I) THE ADVANCEMENT OF EDUCATION AND TRAINING IN MARITIME SKILLS FOR THE BENEFIT OF THE GENERAL PUBLIC.II) THE PROMOTION OF THE MERCANTILE MARINE FOR THE BENEFIT OF THE PUBLIC ON PARTICULAR BY THE EDUCATION AND TRAINING OF SEAFARERS AND PERSONS SEEKING TO BECOME SEAFARERS IN MARITIME SKILLS.III) THE RELIEF OF UNEMPLOYMENT FOR THE BENEFIT OF THE PUBLIC IN PARTICULAR BY THE PROVISION OF TRAINING AND EDUCATION TO UNEMPLOYED SEAFARERS.

Defined Area of Benefit:

NOT DEFINED.

Data Sources

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