MARITIME LONDON OFFICER CADET SCHOLARSHIP
Education and sea training of young people seeking a career as officers in the Merchant Navy.
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
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 SANDRA CHARITABLE TRUST, THE SHIPWRIGHTS CHARITABLE FUND.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| SANDRA CHARITABLE TRUST | FY2022 | £3k | |
| THE SHIPWRIGHTS CHARITABLE FUND | FY2023 | £2k | Responsive Donation |
| SANDRA CHARITABLE TRUST | FY2025 | £2k | |
| THE SHIPWRIGHTS CHARITABLE FUND | FY2022 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 3 | £101k |
| THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS | 2 | £109k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 2 | £13k |
| A G MANLY CHARITABLE TRUST | 2 | £6k |
| THE ANNIE TRANMER CHARITABLE TRUST | 2 | £4k |
| LLOYD'S REGISTER FOUNDATION | 1 | £460k |
| PETER DIXON CHARITABLE TRUST | 1 | £105k |
| THE I T F SEAFARERS TRUST | 1 | £100k |
Charities like this
- THE MARITIME EDUCATIONAL FOUNDATION
- THE CONWAY MERCHANT NAVY TRUST
- REARDON SMITH NAUTICAL TRUST
- THE MARINE SOCIETY AND SEA CADETS
- MERCHANT NAVY WELFARE BOARD
- OCEAN YOUTH TRUST SOUTH
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 |
| THE CONWAY MERCHANT NAVY TRUST | £132k | — | 0 | unclear | — | no doubt |
| REARDON SMITH NAUTICAL TRUST | £126k | — | 0 | unclear | — | no doubt |
| THE MARINE SOCIETY AND SEA CADETS | £23.6m | — | 15 | below | — | no doubt |
| MERCHANT NAVY WELFARE BOARD | £808k | £80,001 - £90,000 | — | unclear | — | no doubt |