NAUTILUS WELFARE FUND
We provide welfare services to needy Merchant Navy seafarers and their dependants. This is achived by :-the provision of accommodation and support for those who are able to live independentley in Mariners Park Estate - the provision of residential,nursing and respite care in the Mariners Park Care Home- the provision of annual,one off grants and a caseworker service
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £24,886,127, while the charity reported a net expenditure of £174,644 before investment gains. The trustees note that the majority of these funds are tied up in fixed assets and investments, and the charity relies heavily on Local Authority funding and investment income to remain financially viable.
What the accounts disclose
Year-over-year changes
- Employees paid over £60,000: 1 (FY2023) → 0 (FY2024).
Structured financials (annual return, FY ending 31/12/2025)
Care Quality Commission ratings
- Mariners Park Care Home: Requires improvement
- Nautilus Care: Good
Trustees
- Nautilus International Council
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £4.0m | £5.1m |
| 31/12/2024 | £4.8m | £4.9m |
| 31/12/2023 | £5.3m | £4.3m |
| 31/12/2022 | £3.4m | £4.0m |
| 31/12/2021 | £3.3m | £3.6m |
Common questions
Is NAUTILUS WELFARE FUND financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £24,886,127, while the charity reported a net expenditure of £174,644 before investment gains. The trustees note that the majority of these funds are tied up in fixed assets and investments, and the charity relies heavily on Local Authority funding and investment income to remain financially viable. Its FY2024 accounts were audited by HaysMac LLP.
Who funds NAUTILUS WELFARE FUND?
Funders whose own accounts filings name NAUTILUS WELFARE FUND as a grant recipient include THE I T F SEAFARERS TRUST, The Seafarers' Charity (King George's Fund for Sailors), THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND, MERCHANT NAVY WELFARE BOARD.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE I T F SEAFARERS TRUST | FY2022 | £2.0m | Housing development at Mariners’ Park Wallasey |
| The Seafarers' Charity (King George's Fund for Sailors) | FY2024 | £293k | Related party transaction |
| The Seafarers' Charity (King George's Fund for Sailors) | FY2022 | £142k | project to support 200 seafarers per year suffering financial hardship in Hull, Portsmouth and Southampton |
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | FY2025 | £87k | Welfare |
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | FY2024 | £83k | Welfare |
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | FY2022 | £77k | Welfare |
| MERCHANT NAVY WELFARE BOARD | FY2025 | £17k | 2025 Bedroom Refurbishment - Phases 2 & 3 |
| MERCHANT NAVY WELFARE BOARD | FY2023 | £2k | Replacement of flooring at Mariners' Park |
| MERCHANT NAVY WELFARE BOARD | FY2023 | £2k | Vital Signs Machine |
| MERCHANT NAVY WELFARE BOARD | FY2023 | £500 | Dining room tables and chairs for the dementia wing in the care home |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROYAL NAVY AND ROYAL MARINES CHARITY | 2 | £230k |
| QUEEN MARY'S ROEHAMPTON TRUST | 1 | £25k |
| THE BARBOUR FOUNDATION | 1 | £22k |
| BALTIC EXCHANGE CHARITABLE FOUNDATION | 1 | £20k |
| THE SIR JAMES RECKITT CHARITY | 1 | £19k |
| THE ANCHOR FOUNDATION | 1 | £15k |
| MATTHEW GOOD FOUNDATION | 1 | £10k |
| THE GEORGE CADBURY TRUST (GEORGE HENRY T AND LAURENCE J CADBURY SECTIONS) | 1 | £7k |
Charities like this
- MERCHANT NAVY WELFARE BOARD
- THE I T F SEAFARERS TRUST
- WILSON'S MARINERS' HOMES
- SAILORS' SOCIETY
- ROYAL ALFRED SEAFARERS' SOCIETY
- SEAFARERS HOSPITAL SOCIETY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NAUTILUS WELFARE FUND | £4.0m | — | 0 | above | — | no doubt |
| MERCHANT NAVY WELFARE BOARD | £808k | £80,001 - £90,000 | — | unclear | — | no doubt |
| THE I T F SEAFARERS TRUST | £1.5m | £110,001 - £120,000 | — | unclear | — | no doubt |
| WILSON'S MARINERS' HOMES | £122k | — | 0 | above | — | no doubt |
| SAILORS' SOCIETY | £1.6m | — | — | below | — | no doubt |
| ROYAL ALFRED SEAFARERS' SOCIETY | £5.3m | — | — | unclear | — | no doubt |