Charity Accounts Intelreading the accounts so you don’t have to

THE MARITIME EDUCATIONAL FOUNDATION

Registered charity 1100125 · accounts filings on the Charity Commission register · also known as MEF

Latest income
£5.9m
Latest spending
£2.0m
Registered
2003
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted reserves increased significantly to £10.02 million, supported by a £5.83 million grant from the Maritime Training Trust and substantial cash balances. The Trustees confirm that administrative costs are low, representing less than 12% of total expenditure, and that the charity has a strong net current assets position with no material uncertainties regarding its ability to continue as a going concern.

What the accounts disclose

Accounts audited by McBrides Accountants LLP.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£5.9m
Total spending
£2.0m
Cost of raising funds
£23k
Reserves (reported)
£13.9m
Employees
0

Reported reserves equal ~82.0 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£5.9m£2.0m
31/12/2023£6.0m£1.1m
31/12/2022£3.8m£816k
31/12/2021£2.5m£1.0m
31/12/2020£1.9m£1.7m

Common questions

Is THE MARITIME EDUCATIONAL FOUNDATION financially healthy?

The accounts state that unrestricted reserves increased significantly to £10.02 million, supported by a £5.83 million grant from the Maritime Training Trust and substantial cash balances. The Trustees confirm that administrative costs are low, representing less than 12% of total expenditure, and that the charity has a strong net current assets position with no material uncertainties regarding its ability to continue as a going concern. Its FY2023 accounts were audited by McBrides Accountants LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND1£45k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with ASSOCIATION OF MARINE ELECTRONIC AND RADIO COLLEGES LIMITED.