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INTERNATIONAL FOUNDATION FOR AIDS TO NAVIGATION

Registered charity 210066 · accounts filings on the Charity Commission register · also known as MIDDLE EAST NAVIGATION AIDS SERVICE · listed website unreachable when last crawled

Latest income
£5.8m
Latest spending
£5.2m
Registered
1963
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the Group held net assets of $67.9m against $65.2m in the prior year, with free reserves amounting to $66.2m. Per the trustees' report, the financial position is considered satisfactory, supported by a profit for the year of $2.7m largely driven by investment value increases and higher navigation dues. The Board confirms adequate resources to continue activities for the foreseeable future with no material uncertainties identified.

What the accounts disclose

Highest-paid employee band: Under £20,000 — below the median for charities its size (£76k)
“The highest paid director’s emoluments totalled $23,025 (2023: $171,616) with no accrued pension as at 31 December 2024.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: matching income with expenditure allowing for uncertainties and capital requirements (held: £66.2m)
“The policy in respect of the Gulf navigational aids service continues to be one of matching income with expenditure allowing for uncertainties and capital requirements.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Menas Marine Services Limited, Oman Marine Services Limited
“The Company is constituted as a company limited by guarantee with two wholly owned operating subsidiary undertakings, Menas Marine Services Limited and Oman Marine Services Limited.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services.

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

Total income
£5.8m
Total spending
£5.2m
Reserves (reported)
£53.9m
Employees
16

Reported reserves equal ~123.3 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: Bahrain · Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£5.8m£5.2m
31/12/2023£7.3m£8.3m
31/12/2022£7.8m£9.2m
31/12/2021£7.8m£7.2m
31/12/2020£7.3m£8.0m

Common questions

Is INTERNATIONAL FOUNDATION FOR AIDS TO NAVIGATION financially healthy?

The accounts state that the Group held net assets of $67.9m against $65.2m in the prior year, with free reserves amounting to $66.2m. Per the trustees' report, the financial position is considered satisfactory, supported by a profit for the year of $2.7m largely driven by investment value increases and higher navigation dues. The Board confirms adequate resources to continue activities for the foreseeable future with no material uncertainties identified. Its FY2024 accounts were audited by Azets Audit Services.

What does the highest-paid employee of INTERNATIONAL FOUNDATION FOR AIDS TO NAVIGATION earn?

Per its FY2024 accounts, the highest-paid employee was in the Under £20,000 band.

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