REARDON SMITH NAUTICAL TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity reported an unrestricted operating deficit of £50,498 for the year ended 5 April 2024, resulting in a decrease in unrestricted funds from £323,549 to £273,051. However, the total funds increased due to net gains on investments, bringing the overall total funds to £3,200,277. The trustees note that investment income is affected by market conditions and that reserves are held to ensure funds are available for grant payments.
What the accounts disclose
Register events
- Received assets from another charity (16/04/2014)
- Received assets from another charity (16/04/2014)
Trustees
- CHARLES REARDON SMITHchair
- David Gareth Rees
- JOHN PHILIP REARDON SMITH
- KATHERINE LISA WILLIAMS
- Neil Pugh
- Nick Toye
- Stephen Richard Berry
- Terry Lewis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £126k | £230k |
| 05/04/2024 | £130k | £201k |
| 05/04/2023 | £120k | £166k |
| 05/04/2022 | £126k | £248k |
| 05/04/2021 | £119k | £81k |
Common questions
Is REARDON SMITH NAUTICAL TRUST financially healthy?
The accounts state that the charity reported an unrestricted operating deficit of £50,498 for the year ended 5 April 2024, resulting in a decrease in unrestricted funds from £323,549 to £273,051. However, the total funds increased due to net gains on investments, bringing the overall total funds to £3,200,277. The trustees note that investment income is affected by market conditions and that reserves are held to ensure funds are available for grant payments. Its FY2024 accounts were audited by Haines Watts Wales LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE POINTER FAMILY TRUST | 1 | £75k |
| E B M CHARITABLE TRUST | 1 | £56k |
| PETER DIXON CHARITABLE TRUST | 1 | £10k |
| THE PATRICK & HELENA FROST FOUNDATION | 1 | £10k |
| THE LAMBERT CHARITABLE TRUST | 1 | £4k |
| THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS | 1 | £2k |