Seafarers' Christian Friend Society
to promote and minister in every possible way to the spiritual and temporal welfare of seamen and others and to afford to them advice and counsel in the cause of the Christian faith, temperance and well being.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure deficit of £84,024 for the year, with total income decreasing to £245,465 from the previous year's £289,889. Per the trustees' report, total reserves decreased to £648,943 at year-end, which remains significantly above the stated prudent holding target of approximately £75,000.
What the accounts disclose
“it is considered prudent that additional resources in the region of £75,000 needed to cover ongoing expenditure should be held in general funds.” — page 9
Trustees
- Steven Thompsonchair
- ANDREW DAKIN
- ARCHIBALD MCAVOY
- Charles Hancock
- Commander RN retired DANIEL LAWRENCE YARKER
- HERMINIA SANTOS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £245k | £329k |
| 31/12/2023 | £290k | £332k |
| 31/12/2022 | £197k | £250k |
| 31/12/2021 | £217k | £171k |
| 31/12/2020 | £240k | £175k |
Common questions
Is Seafarers' Christian Friend Society financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure deficit of £84,024 for the year, with total income decreasing to £245,465 from the previous year's £289,889. Per the trustees' report, total reserves decreased to £648,943 at year-end, which remains significantly above the stated prudent holding target of approximately £75,000. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 5 | £278k |
| BALTIC EXCHANGE CHARITABLE FOUNDATION | 3 | £35k |
| The Caledonia Investments Charitable Foundation | 3 | £9k |
| 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 |
| THE BARBOUR FOUNDATION | 2 | £25k |
| THE HOBSON CHARITY LIMITED | 2 | £23k |
Charities like this
- SAILORS' SOCIETY
- SEAFARERS HOSPITAL SOCIETY
- The Seafarers' Charity (King George's Fund for Sailors)
- SAILORS' CHILDREN'S SOCIETY
- THE SHIPWRECKED FISHERMEN AND MARINERS' ROYAL BENEVOLENT SOCIETY
- Pilgrims' Friend Society (RP)
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Seafarers' Christian Friend Society | £245k | — | 0 | unclear | — | no doubt |
| SAILORS' SOCIETY | £1.6m | — | — | below | — | no doubt |
| SEAFARERS HOSPITAL SOCIETY | £544k | £90,001 - £100,000 | 1 | above | — | no doubt |
| The Seafarers' Charity (King George's Fund for Sailors) | £3.9m | — | — | unclear | — | no doubt |
| SAILORS' CHILDREN'S SOCIETY | £896k | — | — | unclear | — | no doubt |
| THE SHIPWRECKED FISHERMEN AND MARINERS' ROYAL BENEVOLENT SOCIETY | £1.6m | £90,001 - £100,000 | 1 | above | — | no doubt |