Finance Score: -4

Governance Score: -1

Support Score: 0

Accounts filed more than 5 days late: -4 times
Strong growth: +2
Deficit latest year: -2
No PartB

Mainly male board: -1

No supporters identified

Overall GiG Score: -5

BALTIC EXCHANGE CHARITABLE FOUNDATION

The relief of persons in need who fall withing the definition of potential beneficiarieslife members of the former Baltic Exchange Charitable Society and their familypersons who are or have been employed by the Baltic Exchangesuch other persons who are or have been engaged in maritime activitiesand who are in need as a result of financial hardship, age, illness or disability.

Analysis by Giving is Great

Positives:

There has been strong growth in spending since inception
There have been no material income shortfalls in recent 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
Accounts have been filed late on 4 occasions over the last 5 years and the current period appears to have been extended
Income was significantly lower than spending in the latest year

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
31/12/22	*	£242	£347	£-105	n/a	n/a	n/a	n/a	n/a
31/12/21	*	£9,940	£214	£9,725	£0	£10,290	£2,608	146	0
31/12/20		£0	£0	£0	n/a	n/a	n/a	n/a	n/a
31/12/19	*	£0	£0	£0	n/a	n/a	n/a	n/a	n/a
31/12/18	*	£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: 6 years

anthony.carroll@becf.co.uk

02072836090

Charity Commission for England and Wales

Listed activities

Disability
General Charitable Purposes
Other Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Other charitable activities
Provides other finance

Where it operates

Scotland, Throughout England And Wales,

Who it helps

Other Defined Groups
The General Public/Mankind

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Based on 8/9 persons

COLM JOSEPH NOLAN Appointed: 2018, Other trusteeships: THE LONDON SHIPOWNERS' AND SHIPBROKERS' BENEVOLENT SOCIETY, ROUTES4LIFE LIMITED,

DENIS ANDREAS PETROPOULOS Appointed: 2020

FRANCIS WILLIAM ANSON CROUCH Appointed: 2018, Other trusteeship: THE BALTIC LODGE BENEVOLENT FUND,

KIRSTY ANNE MARSH Appointed: 2023

LAMBROS CLEANTHIS VARNAVIDES Appointed: 2018

MARK ANTHONY READ Appointed: 2018

MARK ROBERT JACKSON Appointed: 2018, Other trusteeship: THE BALTIC EXCHANGE CHARITABLE SOCIETY,

ROBERT THOMAS REED Appointed: 2019

WILLIAM MICHAEL ROBSON (Chair) Appointed: 2018, Other trusteeship: THE BALTIC EXCHANGE CHARITABLE SOCIETY,

Legal constitution

Charity registered in England & Wales on 18/06/2018, number: 1178830

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management

Filing Record

5 returns made; AR22: 240 days late, AR21: 604 days late, AR19: 363 days late, AR18: 77 days late,

Main office

PO Box 6311
NEWBURY
RG14 9RF

Objectives

3.1 THE RELIEF OF PERSONS IN NEED WHO FALL WITHIN THE DEFINITION OF POTENTIAL BENEFICIARIES BELOW BY THE PROVISION OF FUNDS, RESOURCES, EQUIPMENT OR OTHER SUPPORT FOR THEIR PERSONAL NEEDS. IN THIS CLAUSE 3.1 ‘POTENTIAL BENEFICIARIES’ MEANS:-(A) LIFE MEMBERS OF THE FORMER BALTIC EXCHANGE CHARITABLE SOCIETY (RCN: 277093) AND THEIR SPOUSES, CIVIL PARTNERS, WIDOWS, WIDOWERS, ISSUE OR OTHER DEPENDANTS; (B) PERSONS WHO ARE, OR HAVE BEEN, EMPLOYEES OF THE BALTIC EXCHANGE; AND(C) SUCH OTHER PERSONS WHO ARE, OR HAVE BEEN ENGAGED IN MARITIME ACTIVITIES INCLUDING THEIR SPOUSES, CIVIL PARTNERS, WIDOWS, WIDOWERS, ISSUE OR OTHER DEPENDANTS;AND WHO ARE IN NEED AS A RESULT OF FINANCIAL HARDSHIP, AGE, PHYSICAL OR MENTAL ILLNESS OR DISABILITY.3.2 SUCH PURPOSES AND OBJECTS BEING CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AS THE CHARITY TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION FROM TIME TO TIME DETERMINE.

Data Sources