THE SUSTAINABLE SHIPPING INITIATIVE LIMITED
To promote sustainable development in the shipping industry for the benefit of the public by:- The preservation, conservation and protection of the environment and the prudent use of natural resources;- The improvement of conditions of life at sea and in related communities; and- The promotion of sustainable means of achieving economic growth and regeneration.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £21,648 for the year ended 31 December 2025, driven by total expenditure exceeding total income. However, the trustees confirm the charity maintained a strong reserves position of £119,891, which is well above the stated policy target of £31,726. The filing indicates a positive underlying financial trajectory with increased confidence among funders.
What the accounts disclose
“The Charity has a policy of maintaining at least three months administration and contractual obligation costs (office expenses, service costs) during and at the end of the year.” — page 6
Trustees
- Alastair Fischbacher
- David Robert Peel
- Guy McGregor Campbell
- JOHN KORNERUP BANG
- KATHARINE HELEN PALMER
- Olivia Swift
- Robert Carl Olof Haggquist
- SIMON PATRICK BENNETT
- Susan Laura Ruffo
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £370k | £392k |
| 31/12/2024 | £317k | £318k |
| 31/12/2023 | £322k | £422k |
| 31/12/2022 | £309k | £284k |
| 31/12/2021 | £409k | £343k |
Common questions
Is THE SUSTAINABLE SHIPPING INITIATIVE LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £21,648 for the year ended 31 December 2025, driven by total expenditure exceeding total income. However, the trustees confirm the charity maintained a strong reserves position of £119,891, which is well above the stated policy target of £31,726. The filing indicates a positive underlying financial trajectory with increased confidence among funders. Its FY2025 accounts were independently examined.
Who funds THE SUSTAINABLE SHIPPING INITIATIVE LIMITED?
Funders whose own accounts filings name THE SUSTAINABLE SHIPPING INITIATIVE LIMITED as a grant recipient include LLOYD'S REGISTER FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| LLOYD'S REGISTER FOUNDATION | FY2024 | £65k | Safety at Sea |
| LLOYD'S REGISTER FOUNDATION | FY2022 | £10k | Foundational |