MERCHANT NAVY WELFARE BOARD
Umbrella charity co-ordinating and supporting the welfare work of maritime charities assisting merchant seafarers and their families in the United Kingdom and Gibraltar.
Financial health, per its FY2025 accounts
The accounts state that total unrestricted funds amounted to £18,271,105, significantly exceeding the designated reserves policy of £1,000,000. The charity reported a net movement in funds of £839,467, driven primarily by investment gains, while operating costs were covered by investment income and grants.
What the accounts disclose
“In the band £80,001 - £90,000” — page 32
“Of the total funds held, £1,000,000 is designated as reserves to ensure the Board could continue operating for at least one year in the event that it needed to wind up its activities.” — page 10
“During the year, a grant of £5,000 (2024: £nil) was paid to Seafarers Hospital Society. The spouse of a trustee of the Charity is a member of the key management personnel of Seafarers Hospital Society.” — page 41
“During the year, grants totalling £24,976 (2024: £nil) were awarded to QVSR. No purchases were made during the year (2024: £148). A trustee of the Charity is a member of the key management personnel of QVSR.” — page 41
“During the year, a grant of £5,000 (2024: £nil) was paid to Seafarers Hospital Society. The spouse of a trustee of the Charity is a member of the key management personnel of Seafarers Hospital Society.” — page 41
“During the year, grants totalling £24,976 (2024: £nil) were awarded to QVSR. No purchases were made during the year (2024: £148). A trustee of the Charity is a member of the key management personnel of QVSR.” — page 41
“During the year, a grant of £5,000 (2024: £nil) was paid to Seafarers Hospital Society. The spouse of a trustee of the Charity is a member of the key management personnel of Seafarers Hospital Society.” — page 41
“During the year, grants totalling £24,976 (2024: £nil) were awarded to QVSR. No purchases were made during the year (2024: £148). A trustee of the Charity is a member of the key management personnel of QVSR.” — page 41
Funders the charity credits
- Department for Transport
- The TK Foundation
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (25/04/2019)
Trustees
- ANDREW KEITH CASSELSchair
- ANDREW JONES
- Adrian Hodgson
- Alexander Campbell
- Darren Procter
- David Appleton
- Gemma Griffin
- Justin Osmond
- Kenneth Usher
- Louise Sara
- Marc Evans
- Mike Cohen
- NATASHA Barley
- Rachel Lynch
- Richard Ballantyne
- Richard Mark Welch
- TIMOTHY EDWARD SPRINGETT BA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £808k | £1.3m |
| 31/12/2024 | £4.0m | £1.2m |
| 31/12/2023 | £531k | £2.2m |
| 31/12/2022 | £4.1m | £3.6m |
| 31/12/2021 | £417k | £1.1m |
Common questions
Is MERCHANT NAVY WELFARE BOARD financially healthy?
Per its FY2025 accounts: The accounts state that total unrestricted funds amounted to £18,271,105, significantly exceeding the designated reserves policy of £1,000,000. The charity reported a net movement in funds of £839,467, driven primarily by investment gains, while operating costs were covered by investment income and grants. Its FY2025 accounts were audited by James Cowper Kreston Audit.
What does the highest-paid employee of MERCHANT NAVY WELFARE BOARD earn?
Per its FY2025 accounts, the highest-paid employee was in the £80,001 - £90,000 band.
Who funds MERCHANT NAVY WELFARE BOARD?
Funders whose own accounts filings name MERCHANT NAVY WELFARE BOARD 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 | FY2024 | £31k | Welfare |
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | FY2024 | £15k | Public Safety and Education (Restricted Fund) |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE I T F SEAFARERS TRUST | 3 | £2.1m |
| The Seafarers' Charity (King George's Fund for Sailors) | 2 | £435k |
| BALTIC EXCHANGE CHARITABLE FOUNDATION | 2 | £30k |
| THE HOBSON CHARITY LIMITED | 2 | £8k |
| The Caledonia Investments Charitable Foundation | 2 | £6k |
| LLOYD'S REGISTER FOUNDATION | 1 | £460k |
| ARMED FORCES COVENANT FUND | 1 | £384k |
| THE GOSLING FOUNDATION LIMITED | 1 | £100k |
Charities like this
- NAUTILUS WELFARE FUND
- The Seafarers' Charity (King George's Fund for Sailors)
- THE I T F SEAFARERS TRUST
- THE MERCHANT SEAMEN'S WAR MEMORIAL SOCIETY (INCORPORATED)
- SAILORS' SOCIETY
- THE CONWAY MERCHANT NAVY TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MERCHANT NAVY WELFARE BOARD | £808k | £80,001 - £90,000 | — | unclear | — | no doubt |
| NAUTILUS WELFARE FUND | £4.0m | — | 0 | above | — | no doubt |
| The Seafarers' Charity (King George's Fund for Sailors) | £3.9m | — | — | unclear | — | no doubt |
| THE I T F SEAFARERS TRUST | £1.5m | £110,001 - £120,000 | — | unclear | — | no doubt |
| THE MERCHANT SEAMEN'S WAR MEMORIAL SOCIETY (INCORPORATED) | £1.4m | — | 0 | unclear | — | no doubt |
| SAILORS' SOCIETY | £1.6m | — | — | below | — | no doubt |