MERCHANT NAVY WELFARE BOARD

Registered charity 212799 · accounts filings on the Charity Commission register · also registered in Scotland as SC039669 (OSCR)

Umbrella charity co-ordinating and supporting the welfare work of maritime charities assisting merchant seafarers and their families in the United Kingdom and Gibraltar.

Causes: General Charitable Purposes · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£808k
Latest spending
£1.3m
Registered
1962
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £80,001 - £90,000 — in the top quarter for charities its size (median £60k)
“In the band £80,001 - £90,000” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: £1,000,000 (held: £18.3m)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grant to Seafarers Hospital Society; spouse of trustee is key management personnel there.
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grants to QVSR; trustee is key management personnel there.
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grants and purchases with QVSR Seafarers Centres; trustee is key management personnel there.
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by James Cowper Kreston Audit. Discloses 5 of 6 completeness components.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2025)

Total income
£808k
Total spending
£1.3m
Cost of raising funds
£75k
Reserves (reported)
£1.0m
Employees
10

Reported reserves equal ~9.5 months of spending — above the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (54% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 9.3% of total income — above the median for charities its size (4.9%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Gibraltar · Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STRONDFY2024£31kWelfare
THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STRONDFY2024£15kPublic Safety and Education (Restricted Fund)

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with NAUTILUS WELFARE FUND.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
MERCHANT NAVY WELFARE BOARD£808k£80,001 - £90,000—unclear—no doubt
NAUTILUS WELFARE FUND FY2024£4.0m—0above—no doubt
The Seafarers' Charity (King George's Fund for Sailors) FY2025£3.9m——unclear—no doubt
THE I T F SEAFARERS TRUST FY2024£1.5m£110,001 - £120,000—unclear—no doubt
THE MERCHANT SEAMEN'S WAR MEMORIAL SOCIETY (INCORPORATED) FY2025£1.4m—0unclear—no doubt
SAILORS' SOCIETY FY2024£1.6m——below—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.