BALTIC EXCHANGE CHARITABLE FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity holds significant unrestricted reserves of £2,212,740 and total funds of £9,357,399, supported by an investment portfolio valued at £9,090,125. The trustees confirm the charity is a going concern, with forecast cash flows from investments deemed adequate to cover grant commitments and administrative costs for at least 12 months. The financial position is described as robust, with minimal cash held in operating accounts as the charity draws down from investments as needed.
What the accounts disclose
“The Trustees aim to draw down cash from investments as needed, maximising the funds available to invest and resulting in minimal cash held in operating bank accounts.” — page 6
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2022) to "below" (FY2023).
Structured financials (annual return, FY ending 31/12/2021)
Register events
- Received assets from another charity (11/09/2025)
- Received assets from another charity (30/10/2024)
- Received assets from another charity (30/10/2024)
- Received assets from another charity (17/10/2024)
Trustees
- WILLIAM MICHAEL ROBSONchair
- COLM JOSEPH NOLAN
- Carl David Ackerley
- Denis Andreas Petropoulos
- Guy Christopher Blair Hindley
- Kirsty Anne Marsh
- LAMBROS CLEANTHIS VARNAVIDES
- Lord Jeffrey Mountevans
- MARK ANTHONY READ
- MARK ROBERT JACKSON
- Robert Thomas Reed
- Simon Trowell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £342k | £337k |
| 31/12/2023 | £290k | £285k |
| 31/12/2022 | £242k | £347k |
| 31/12/2021 | £9.9m | £214k |
| 31/12/2020 | £0 | £0 |
Common questions
Is BALTIC EXCHANGE CHARITABLE FOUNDATION financially healthy?
The accounts state that the charity holds significant unrestricted reserves of £2,212,740 and total funds of £9,357,399, supported by an investment portfolio valued at £9,090,125. The trustees confirm the charity is a going concern, with forecast cash flows from investments deemed adequate to cover grant commitments and administrative costs for at least 12 months. The financial position is described as robust, with minimal cash held in operating accounts as the charity draws down from investments as needed. Its FY2023 accounts were audited by Cresswells Accountants (UK) Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LLOYD'S REGISTER FOUNDATION | 1 | £460k |
| THE CHARLES LEWIS FOUNDATION | 1 | £108k |
| THE FRANK JACKSON FOUNDATION | 1 | £90k |
| REARDON SMITH NAUTICAL TRUST | 1 | £81k |
| E B M CHARITABLE TRUST | 1 | £56k |
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 1 | £25k |
| THE ELIZABETH AND PRINCE ZAIGER TRUST | 1 | £24k |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £24k |