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MERCHANT NAVY WELFARE BOARD

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

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.

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.

Funders the charity credits

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

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).

Register events

Trustees

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?

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.

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.

FunderSimilar charities fundedAmount to them
THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND2£42k
The Caledonia Investments Charitable Foundation2£3k
The Seafarers' Charity (King George's Fund for Sailors)1—
LLOYD'S REGISTER FOUNDATION1£460k
ARMED FORCES COVENANT FUND1£384k
THE I T F SEAFARERS TRUST1£99k
E B M CHARITABLE TRUST1£56k
THE ELIZABETH AND PRINCE ZAIGER TRUST1£24k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with The Seafarers' Charity (King George's Fund for Sailors).