INTERNATIONAL SEAFARERS' WELFARE AND ASSISTANCE NETWORK
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £94,120 for the year ended 31 March 2025, with total expenditure of £1,348,991 against total income of £1,294,677. Despite the deficit, the trustees report that unrestricted reserves of £532,362 provide adequate cover for budgeted activity and comply with the stated reserves policy of maintaining up to six months' operating costs.
What the accounts disclose
“It has been concluded that to provide financial resilience and to allow the charity to be managed effectively and provide uninterrupted services; a general reserve equivalent of up to 6 months’ operating costs should be maintained.” — page 8
“The Charity has taken advantage of the exemption provided in FRS 102, paragraph 33.1A, not to disclose transactions with other group companies. Transactions take place during the year on an arm’s length basis with one seafarer related charity/organisation, where there are common trustees with the Board.” — page 30
“SWAN Limited is a wholly owned subsidiary of ISWAN and is incorporated in England, company number 8009163. Its sole activity is to operate Helplines that are deemed to be outside of the charitable objectives of ISWAN.” — page 30
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (02/12/2013)
Trustees
- Ashley Cooper
- Charles Boyle
- Connie Roozen
- Deepak Shetty
- Dr Jason Zuidema
- Frederick Kenney Jr
- Jillian Carson-Jackson
- Karen Waltham
- Mike Esplago
- RENE ANDERSEN
- SUE Henney
- Sadie Saunders
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £1.4m |
| 31/03/2024 | £1.4m | £1.4m |
| 31/03/2023 | £1.3m | £1.4m |
| 31/03/2022 | £1.3m | £1.2m |
| 31/03/2021 | £1.2m | £1.1m |
Common questions
Is INTERNATIONAL SEAFARERS' WELFARE AND ASSISTANCE NETWORK financially healthy?
The accounts state that the charity reported a net deficit of £94,120 for the year ended 31 March 2025, with total expenditure of £1,348,991 against total income of £1,294,677. Despite the deficit, the trustees report that unrestricted reserves of £532,362 provide adequate cover for budgeted activity and comply with the stated reserves policy of maintaining up to six months' operating costs. Its FY2025 accounts were audited by Sturgess Hutchinson.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 4 | £109k |
| The Caledonia Investments Charitable Foundation | 3 | £5k |
| The Seafarers' Charity (King George's Fund for Sailors) | 2 | £787k |
| THE I T F SEAFARERS TRUST | 2 | £518k |
| MERCHANT NAVY WELFARE BOARD | 2 | £27k |
| BALTIC EXCHANGE CHARITABLE FOUNDATION | 2 | £25k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 2 | £15k |
| ANSON CHARITABLE TRUST | 2 | £8k |