REARDON SMITH NAUTICAL TRUST
The object of the trust is the advancement of education of young persons up to the age of 25, resident in Wales, and Devon in particular those resident in the City of Cardiff, including, but so as not to limit the foregoing, by payment of grants, scholarships, exhibitions and bursaries to individuals to attend recognised or maritime courses relating to shipping, maritime law and commerce.
Financial health, per its FY2025 accounts
The accounts state that the charity reported an unrestricted operating deficit of £104,533 and a total deficit of £210,764 for the year ended 5th April 2025. Unrestricted funds decreased from £273,051 to £168,518, while the Endowment fund decreased from £2,927,227 to £2,820,996. The trustees' report notes that the reserves policy recognizes the need to hold reserves to ensure funds are available to continue payments, though the current unrestricted balance is below the previous year's level.
What the accounts disclose
“The investment portfolio and monies deposited with banks and building societies provided the Trust with a total income for the year of £125,549” — page 3
“The reserves policy of the organisation recognises the need to hold reserves to ensure funds are available to continue the payment of grants and scholarships to individuals to attend recognised nautical or maritime courses should the level of applications received be greater than the incoming resources in any one year.” — page 4
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
- Robin Vaughan
- Stephen Richard Berry
- Terry Lewis
- jon Reardon Smith
- sian reynolds
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?
Per its FY2025 accounts: The accounts state that the charity reported an unrestricted operating deficit of £104,533 and a total deficit of £210,764 for the year ended 5th April 2025. Unrestricted funds decreased from £273,051 to £168,518, while the Endowment fund decreased from £2,927,227 to £2,820,996. The trustees' report notes that the reserves policy recognizes the need to hold reserves to ensure funds are available to continue payments, though the current unrestricted balance is below the previous year's level. Its FY2025 accounts were audited by Menzies LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CHARIS TRUST | 1 | £54k |
| CHAPMAN CHARITABLE TRUST | 1 | £3k |
| THE WILLIAM ALLEN YOUNG CHARITABLE TRUST | 1 | £2k |
Charities like this
- THE CONWAY MERCHANT NAVY TRUST
- THE PORTISHEAD NAUTICAL TRUST
- THE CIRDAN SAILING TRUST (INCORPORATING THE FARAMIR TRUST) LIMITED
- THE MARITIME EDUCATIONAL FOUNDATION
- SAILSHIP TRAINING AND LEARNING FOR LIFE
- DOLPHIN SCHOOL TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| REARDON SMITH NAUTICAL TRUST | £126k | — | 0 | unclear | — | no doubt |
| THE CONWAY MERCHANT NAVY TRUST | £132k | — | 0 | unclear | — | no doubt |
| THE PORTISHEAD NAUTICAL TRUST | £118k | — | 0 | unclear | — | no doubt |
| THE CIRDAN SAILING TRUST (INCORPORATING THE FARAMIR TRUST) LIMITED | £719k | — | 0 | above | — | no doubt |
| THE MARITIME EDUCATIONAL FOUNDATION | £6.9m | — | 0 | unclear | — | no doubt |
| SAILSHIP TRAINING AND LEARNING FOR LIFE | £343k | — | 0 | unclear | — | no doubt |