QVSR
QVSR, or the 'Queen Vic', as it is more familiarly known, has been the Seamen's Mission of the Methodist Church since 1843, and is now the last remaining maritime charity providing accommodation and support for seafarers in the East End of London. It is also the largest seafaring hostel of its kind in the UK with accommodation for over 170 men.
Objects
(I) THE ADVANCEMENT OF THE CHRISTIAN RELIGION IN ACCORDANCE WITH THE DOCTRINES OF THE METHODIST CHURCH PARTICULARLY IN THE PORT OF LONDON AND AMONGST SEAMEN OF ALL NATIONS;(II) THE RELIEF OF POVERTY PARTICULARLY IN THE PORT OF LONDON AND AMONGST MERCHANT SEAMEN OF ALL NATIONS:(III) THE ADVANCEMENT OF EDUCATION IN SEAMANSHIP AND OTHER MARITIME SUBJECTS OF KNOWLEDGE:(IV) THE PROVISION (PARTICULARLY THROUGH THE MEDIUM OF RESIDENTIAL HOSTEL ACCOMMODATION IN THE PORT OF LONDON) OF FACILITIES FOR RECREATION AND OTHER LEISURE-TIME OCCUPATION IN THE INTEREST OF SOCIAL WELFARE AND WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE OF SEAMEN, BUT PRIMARILY MERCHANT SEAMEN OF ALL NATIONS, ASHORE (IN PARTICULAR ASHORE IN THE PORT OF LONDON) AND HAVING THE NEED OF SUCH FACILITIES BY MEANS OF THEIR YOUTH, AGE, INFIRMITY, DISABLEMENT, POVERTY OR SOCIAL ANDECONOMIC CIRCUMSTANCES; AND(V) IN SO FAR AS THE PROPERTY OF THE CHARITY CANNOT BE USED OR APPLIED IN FURTHERANCE OF THE FOREGOING OBJECTS THE SAME MAY BE USED TO PROVIDE ACCOMMODATION FOR THE BENEFIT OF ANY PERSON HAVING NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY, DISABLEMENT, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES.
Financial health, per its FY2024 accounts
The accounts state that the charity recorded a net income of £50,179 for the year ended 31 December 2024, with total income of £4.22 million. The trustees confirm the charity remains a going concern with adequate resources, although free general reserves of £1,595,292 are below the stated policy target of £2.1 million.
What the accounts disclose
“QVSR main activity continues to remain heavily reliant on statutory funding (providing over 63.8% of general income streams.” — page 15
“Total free General Reserves held on 31 December 2024 amounted to £1,595,292 which is below the reserves target of £2.1 million.” — page 15
“One Trustee received a pension of £10,801 (2023: £9,697) earned during his past employment at QVSR (not for their trustee role)” — page 32
“These consolidated financial statements include the financail statements of QVSR and QVSR Seafarers centres company number13903109, its wholly owned subsidiary made up to 31 December 2024.” — page 27
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Corporate structure
- Registered company of the charity Companies House 05218014
- Trading subsidiary: QVSR SEAFARERS CENTRES Companies House 13903109
- Turnover: £715k
- Profit before tax: £-295k
Company officers (Companies House)
- OGWEZI, Theodora Nkemdilim on trustee list
- LEDDEN, Michael Joseph on trustee list
- MORIARTY, Peter Malcolm on trustee list
- ENABOR, Anjolaoluwa Adebowale on trustee list
- IMPEY, Jennifer Ann, Rev on trustee list
- NORRIS, Alastair Hubert, Sir on trustee list
- PATTISON, Ian Clifford on trustee list
- SHEPPARD, Philip Edward on trustee list
- THOMAS, Jean Patricia on trustee list
- CAMPBELL, Alexander
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Sir Alastair Norrischair
- Anjolaoluwa Adebowale Enabor
- IAN PATTISON
- JEAN THOMAS
- Michael Joseph Ledden
- PHILIP SHEPPARD
- Peter Malcolm Moriarty
- Rev Jennifer Impey
- Terence John Simco
- Theodora Ogwezi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.2m | £4.2m |
| 31/12/2023 | £4.4m | £3.9m |
| 31/12/2022 | £4.3m | £3.5m |
| 31/12/2021 | £2.9m | £2.5m |
| 31/12/2020 | £3.2m | £2.6m |
Common questions
Is QVSR financially healthy?
Per its FY2024 accounts: The accounts state that the charity recorded a net income of £50,179 for the year ended 31 December 2024, with total income of £4.22 million. The trustees confirm the charity remains a going concern with adequate resources, although free general reserves of £1,595,292 are below the stated policy target of £2.1 million. Its FY2024 accounts were audited by Moore Kingston Smith LLP.
Who funds QVSR?
Funders whose own accounts filings name QVSR as a grant recipient include THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | FY2022 | £10k | Welfare |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 15/12/2020 | £182k | QVSR Aftercare Project |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Caledonia Investments Charitable Foundation | 3 | £231k |
| THE ANNIE TRANMER CHARITABLE TRUST | 3 | £7k |
| BALTIC EXCHANGE CHARITABLE FOUNDATION | 2 | £40k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 2 | £20k |
| FRAZER TRUST | 2 | £14k |
| ANSON CHARITABLE TRUST | 2 | £12k |
| THE JAMES WEIR FOUNDATION | 2 | £8k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EPSOM | 1 | — |
Charities like this
- QVSR SEAFARERS CENTRES
- QUEEN VICTORIA HOSPITAL NHS TRUST CHARITABLE FUND
- THE MISSION TO SEAFARERS
- THE FERRY PROJECT
- The Seafarers' Charity (King George's Fund for Sailors)
- MARITIME VOLUNTEER SERVICE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| QVSR | £4.2m | — | — | below | — | no doubt |
| QVSR SEAFARERS CENTRES | £715k | — | 0 | unclear | — | no doubt |
| QUEEN VICTORIA HOSPITAL NHS TRUST CHARITABLE FUND | £253k | — | 0 | unclear | — | no doubt |
| THE MISSION TO SEAFARERS | £5.8m | — | 0 | unclear | — | no doubt |
| THE FERRY PROJECT | £2.3m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| The Seafarers' Charity (King George's Fund for Sailors) | £3.9m | — | — | unclear | — | no doubt |