MARITIME LONDON OFFICER CADET SCHOLARSHIP
Education and sea training of young people seeking a career as officers in the Merchant Navy.
Objects
TO PROVIDE FOR THE ADVANCEMENT FOR THE PUBLIC BENEFIT OF THE EDUCATION AND SEA TRAINING OF SUITABLE YOUNG PERSONS (CADETS) SEEKING A CAREER AT SEA AS DECK OR ENGINEER OFFICERS IN THE MERCHANT NAVY BY SUCH MEANS AS THE MANAGING TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION THINK FIT AND IN PARTICULAR (BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING) BY ONE OR MORE OF THE FOLLOWING METHODS:- 1.THE PAYMENT OF TUITION AND EXAMINATION FEES OF CADETS AT UNIVERSITIES OR COLLEGES OFFERING COURSES IN NAUTICAL SCIENCE WHICH HAVE THE APPROVAL OF THE MANAGING TRUSTEES AND WHICH COURSES LEAD TO THE EXAMINATIONS FOR THE DEPARTMENT OF TRANSPORT WATCHKEPING OFFICER CERTIFICATES OF COMPETENCY ("CERTIFICATE(S) OF COMPETENCY") NECESSARY FOR FOLLOWING A CAREER AT SEA AS A MERCHANY NAVY OFFICER. 2.THE AWARD OF SCHOLARSHIPS OR BURSARIES TO CADETS IN SUCH AMOUNTS AND TENABLE FOR SUCH PERIODS AND ON SUCH TERMS AS THE MANAGING TRUSTEES SHALL IN THEIR ABSOLUTE DISCRETION THINK FIT PROVIDED HOWEVER THAT SCHOLARSHIPS OR BURSARIES SHALL ONLY BE AWARDED TO CADETS WHO IN THE OPINION OF THE MANAGING TRUSTEES HAVE AS THEIR ULTIMATE PURPOSE THE ATTAINMENT OF A CERTIFICATE OF COMPETENCY. 3.THE PROVISION OF PRACTICAL AND FINANCIAL ASSISTANCE TO CADETS IN OBTAINING SUITABLE SEA TRAINING OPPORTUNITIES AS MERCHANT NAVY OFFICER CADETS IN SO FAR AS SUCH OPPORTUNITIES ARE NECESSARY FOR THE PURPOSE OF OBTAINING A CERTIFICATE OF COMPETENCE. 4.THE PROVISION OF ASSISTANCE TO CADETS IN ALL SUCH OTHER WAYS AS THE MANAGING TRUSTEES SHALL THINK FIT PROVIDED HOWEVER THAT SUCH ASSISTANCE SHALL ONLY BE AWARDED OR DIRECTED TOWARDS CADETS WHO HAVE THE ULTIMATE PURPOSE OF OBTAINING A CERTIFICATE OF COMPETENCY.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £53,807, which represents a surplus after accounting for estimated training commitments. The Trustees note that the charity typically experiences a structural deficit due to a mismatch between annual income and multi-year training cost obligations, but confirm that sufficient operating cash flows are expected to discharge liabilities.
What the accounts disclose
“The Trustees have a duty to see that sufficient funds will be available to ensure that all our cadets are able to complete their training.” — page 4
Policies the charity declares
- 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
- Risk management
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- Anthony Alexander Vlastochair
- Ann Cara Pletschke
- Huw James Wynn-Williams
- Iain James Henstridge
- James Oliver Standerwick
- Julie Kamla Lithgow
- MR GRAHAM HENSMAN
- Nicholas Charles Austin
- PHILIP JOHN PARRY
- RICHARD ALLISTON-GREINER
- RICHARD HENRY CLOSE-SMITH TD
- Timothy Anthony Howse
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £387k | £345k |
| 31/08/2024 | £367k | £431k |
| 31/08/2023 | £169k | £202k |
| 31/08/2022 | £269k | £191k |
| 31/08/2021 | £108k | £68k |
Common questions
Is MARITIME LONDON OFFICER CADET SCHOLARSHIP financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £53,807, which represents a surplus after accounting for estimated training commitments. The Trustees note that the charity typically experiences a structural deficit due to a mismatch between annual income and multi-year training cost obligations, but confirm that sufficient operating cash flows are expected to discharge liabilities. Its FY2025 accounts were audited by Forvis Mazars LLP.
Who funds MARITIME LONDON OFFICER CADET SCHOLARSHIP?
Funders whose own accounts filings name MARITIME LONDON OFFICER CADET SCHOLARSHIP as a grant recipient include THE CLARKSON FOUNDATION, SANDRA CHARITABLE TRUST, THE SHIPWRIGHTS CHARITABLE FUND.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE CLARKSON FOUNDATION | FY2025 | £15k | Grant expenditure |
| SANDRA CHARITABLE TRUST | FY2022 | £3k | |
| THE SHIPWRIGHTS CHARITABLE FUND | FY2023 | £2k | Responsive Donation |
| SANDRA CHARITABLE TRUST | FY2025 | £2k | |
| THE SHIPWRIGHTS CHARITABLE FUND | FY2022 | £1k |
Charities like this
- THE MARITIME EDUCATIONAL FOUNDATION
- PORTLAND UNIT OF THE SEA CADET CORPS
- SAILSHIP TRAINING AND LEARNING FOR LIFE
- CROYDON UNIT 96 OF THE SEA CADET CORPS
- HINCKLEY UNIT 401 OF THE SEA CADET CORPS
- NORWICH UNIT NO 257 OF THE SEA CADET CORPS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MARITIME LONDON OFFICER CADET SCHOLARSHIP | £387k | — | 0 | unclear | — | no doubt |
| THE MARITIME EDUCATIONAL FOUNDATION | £6.9m | — | 0 | unclear | — | no doubt |
| PORTLAND UNIT OF THE SEA CADET CORPS | £93k | — | — | within | — | no doubt |
| SAILSHIP TRAINING AND LEARNING FOR LIFE | £343k | — | 0 | unclear | — | no doubt |
| CROYDON UNIT 96 OF THE SEA CADET CORPS | £66k | — | 0 | unclear | — | no doubt |
| HINCKLEY UNIT 401 OF THE SEA CADET CORPS | £31k | — | 0 | unclear | — | no doubt |