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QVSR

Registered charity 1106126 · accounts filings on the Charity Commission register · also known as QUEEN VICTORIA SEAMEN'S REST

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Latest income
£4.2m
Latest spending
£4.2m
Registered
2004
Accounts read
FY2024

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

Reserves position: below the charity's own stated reserves policy
“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
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: One Trustee received a pension of £10,801 earned during his past employment at QVSR (not for their trustee role).
“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
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: QVSR Seafarers Centres
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — QVSR (matched by registered charity number).

Structured financials (annual return, FY ending 31/12/2024)

Total income
£4.2m
Total spending
£4.2m
Cost of raising funds
£204k
Reserves (reported)
£13.9m
Employees
62

Reported reserves equal ~40.0 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bristol City · Lincolnshire · Suffolk · Throughout London · Thurrock

Income and spending

Financial year endIncomeSpending
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?

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.