Finance Score: -5

Governance Score: -4

Support Score: 0

Excess reserves: -5
Spending falling: -1
Multiple Deficits: -2
Fundraising costs low: +3

No conflicts policy: -1
Good trustee age range: +3
Static board: -3
All male board: -3

No supporters identified

Overall GiG Score: -9

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:

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
This charity does not have a Conflict of Interests policy
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 £4,999,272 available, equivalent to 74 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
On several occasions in recent years income has been less than spending

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

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Financial Ratios

Fundraising Costs/Relevant Income: 0.6%
Fundraising Costs/Total Spending: 2.7%
Highest pay band: Less than £60,000
Liabilities/Assets: 23%
Liabilities/Income: 39%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 73.6 months
Net Current Assets/Spending: 27 months
Quick Ratio: 0.3

Asset Split ?

Established: 21 years
(22 years as a company)

www.meftraining.org

dstevens@ukchamberofshipping.com

02074172840

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Technical, vocational and continuing education

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's supporting 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: 40-65

CLIFF ROBERTS Appointed: 2011, Occupation: Qse Direcotr

MARK CARDEN Appointed: 2013, Occupation: Trade Union Officer, Other trusteeships: SEAFARERS HOSPITAL SOCIETY, THE NATIONAL SEA TRAINING TRUST,

STEVEN KONSTANZ Appointed: 2017, Occupation: Hr Director

DARREN PROCTER Appointed: 2018, Occupation: Union Official, Other trusteeship: MERCHANT NAVY WELFARE BOARD,

DAVID APPLETON Appointed: 2017, Occupation: Trade Union Official, Other trusteeships: MERCHANT NAVY WELFARE BOARD, SEAFARERS HOSPITAL SOCIETY,

MARK DICKINSON, Occupation: T U Official, Other trusteeship: MERCHANT NAVY WELFARE BOARD,

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

Investment
Risk management

Filing Record

19 returns made; AR18: 18 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