Finance Score: 0

Governance Score: -1

Support Score: 1

Strong growth: +2
Multiple Deficits: -2
No PartB

Mainly male board: -1

Grant maker support: +1

Overall GiG Score: 0

REARDON SMITH NAUTICAL TRUST

The object of the trust is the advancement of education of young persons up to the age of 25, resident in Wales, and Devon in particular those resident in the City of Cardiff, including, but so as not to limit the foregoing, by payment of grants, scholarships, exhibitions and bursaries to individuals to attend recognised or maritime courses relating to shipping, maritime law and commerce.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker
There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

The Board is predominantly male

Financial issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data
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	Staff
05/04/23	£120	£166	£-46	n/a	n/a	n/a	n/a	n/a
05/04/22	£126	£248	£-122	n/a	n/a	n/a	n/a	n/a
05/04/21	£119	£81	£38	n/a	n/a	n/a	n/a	n/a
05/04/20	£132	£140	£-9	n/a	n/a	n/a	n/a	n/a
05/04/19	£140	£123	£17	n/a	n/a	n/a	n/a	n/a
05/04/18	£137	£121	£16	£0	£0	£0	n/a	0
05/04/17	£137	£101	£36	£0	£0	£0	n/a	0
05/04/16	£130	£112	£18	£0	£0	£0	n/a	0
05/04/15	£110	£127	£-18	£0	£0	£0	n/a	0
05/04/14	£0	£0	£0	n/a	n/a	n/a	n/a	n/a

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Highest pay bracket: less than £60,000

Established: 11 years

SARAH@FOXSECONSULTANCY.CO.UK

02920 022 143

Charity Commission for England and Wales

Listed activities

Education/Training

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Devon, Throughout Wales,

Who it helps

Children/Young People

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
Department for Work and Pensions - SPROUT PRODUCTS
£7,298	01/04/2021	The Kickstart Scheme provides funding to create new jobs for 16 to 24 year olds on Universal Credit who are at risk of long term unemployment.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

CHARLES REARDON SMITH (Chair) Appointed: 2013

CHRISTOPHER DAVIES Appointed: 2013

JOHN PHILIP REARDON SMITH Appointed: 2013

KATHERINE LISA WILLIAMS Appointed: 2013

NICK SAWYER Appointed: 2020

STEVE BERRY Appointed: 2021

TERRY LEWIS Appointed: 2020

DAVID GARETH REES Appointed: 2013, Other trusteeship: WORLD AT PLAY,

Legal constitution

Charity registered in England & Wales on 02/09/2013, number: 1153623

Gift Aid

NOT registered with HMRC for Gift Aid

Event History

16/04/2014 - Asset transfer in from POTTERNE MISSION ROOM AND TRUST
16/04/2014 - Asset transfer in from REARDON SMITH NAUTICAL TRUST

Policies in force

Complaints handling
Complaints policy and procedures
Conflicting interests
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
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

10 returns made; all on time

Main office

Reardon Smith Nautical Trust
C/O FoxSE Consultancy.co.uk
Cardiff House
Cardiff Road
Vale of Glamorgan
CF63 2AW

Objectives

The object of the CIO is THE ADVANCEMENT OF EDUCATION OF YOUNG PERSONS UP TO THE AGE OF 25, RESIDENT IN WALES, and in the County of Devon, IN PARTICULAR (BUT NOT LIMITED TO) THOSE RESIDENT IN THE CITY AND COUNTY OF CARDIFF, INCLUDING, BUT SO AS NOT TO LIMIT THE FOREGOING, BY PAYMENT OF GRANTS, SCHOLARSHIPS, EXHIBITIONS AND BURSARIES TO INDIVIDUALS TO ATTEND RECOGNISED NAUTICAL OR MARITIME COURSES RELATING TO SHIPPING, MARITIME LAW AND COMMERCE, NAVIGATION, SAILING, OCEANOGRAPHY AND MARINE RELATED ENVIRONMENTAL ISSUES, IN PARTICULAR THOSE WHICH AFFORD SUCH INDIVIDUALS FIRST HAND PRACTICAL EXPERIENCE OF BEING AT SEA, WHETHER SUCH COURSES BE OFFERED WITHIN ANY PART OF THE UNITED KINGDOM OR ABROAD.

Data Sources