WILSON'S MARINERS' HOMES
To provide housing to persons of limited means, principally retired seafarers and their dependents.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £36,044 for the year, resulting in a decrease in total funds from £831,338 to £795,294. The trustees consider the charity to be financially secure, noting that residents' contributions are expected to continue at similar levels and that resources are adequate for foreseeable operations. The charity relies on resident contributions, investment income, and donations to fund its charitable activities.
What the accounts disclose
“Residents' contributions 92,635”
“The trustees are always mindful that there are ongoing maintenance costs for which funds need to be readily available and, therefore, consider the General Fund reserves justified. This position is reviewed by the trustees regularly to ensure there will be funds available to operate the flats efficiently” — page 3
Property (HM Land Registry)
Trustees
- MR FRED NORMANDALEchair
- BARBARA CAMPLIN
- CAPTAIN PETER HOLTBY MN
- COLIN WOODHEAD
- JANET HELEN JEFFERSON
- Mark Terrence Vesey
- Rev SAMANTHA TREDWELL
- Robert Michael Swalwell
- Simon Green
- Thomas William Fox
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £118k | £162k |
| 31/12/2023 | £147k | £148k |
| 31/12/2022 | £109k | £112k |
| 31/12/2021 | £104k | £81k |
| 31/12/2020 | £110k | £57k |
Common questions
Is WILSON'S MARINERS' HOMES financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £36,044 for the year, resulting in a decrease in total funds from £831,338 to £795,294. The trustees consider the charity to be financially secure, noting that residents' contributions are expected to continue at similar levels and that resources are adequate for foreseeable operations. The charity relies on resident contributions, investment income, and donations to fund its charitable activities. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 3 | £334k |
| MERCHANT NAVY WELFARE BOARD | 3 | £48k |
| THE I T F SEAFARERS TRUST | 2 | £2.1m |
| LLOYD'S REGISTER FOUNDATION | 1 | £460k |
| The Seafarers' Charity (King George's Fund for Sailors) | 1 | £435k |
| REARDON SMITH NAUTICAL TRUST | 1 | £129k |
| THE CHARLES LEWIS FOUNDATION | 1 | £108k |
| THE FRANK JACKSON FOUNDATION | 1 | £90k |
Charities like this
- AGED MERCHANT SEAMEN'S HOMES
- ROYAL ALFRED SEAFARERS' SOCIETY
- NAUTILUS WELFARE FUND
- THE ALEXANDRA HOMES
- The Seafarers' Charity (King George's Fund for Sailors)
- THE SHIPWRECKED FISHERMEN AND MARINERS' ROYAL BENEVOLENT SOCIETY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WILSON'S MARINERS' HOMES | £118k | — | 0 | above | — | no doubt |
| AGED MERCHANT SEAMEN'S HOMES | £185k | — | 0 | unclear | — | no doubt |
| ROYAL ALFRED SEAFARERS' SOCIETY | £5.3m | — | — | unclear | — | no doubt |
| NAUTILUS WELFARE FUND | £4.8m | — | 0 | above | — | no doubt |
| THE ALEXANDRA HOMES | £220k | — | 0 | unclear | — | no doubt |
| The Seafarers' Charity (King George's Fund for Sailors) | £3.9m | — | — | unclear | — | no doubt |