The Seafarers' Charity (King George's Fund for Sailors)
Financial health, per its FY2025 accounts
The accounts state that the charity has a very strong financial base with total net assets of £35.7m, comprising unrestricted funds of £31.8m and restricted/endowment funds of £3.9m. The trustees report that the charity is mid-way through a planned run-off of 50% of its reserves' real value from 2015 to 2035, with designated funds totaling £30.4m and a general reserve of £1.4m equivalent to approximately three months of operating costs.
What the accounts disclose
“£30,000 was awarded to the FISH Platform, an organisation for which Robert Greenwood acts as secretary.” — page 40
“£288,876 was awarded to The Nautilus Welfare Fund. Martyn Gray is employed as a Director at Nautilus International which manages some projects funded from the grant to The Nautilus Welfare Fund.” — page 40
“£30,000 was awarded to the FISH Platform, an organisation for which Robert Greenwood acts as secretary.” — page 40
“£288,876 was awarded to The Nautilus Welfare Fund. Martyn Gray is employed as a Director at Nautilus International which manages some projects funded from the grant to The Nautilus Welfare Fund.” — page 40
“£30,000 was awarded to the FISH Platform, an organisation for which Robert Greenwood acts as secretary.” — page 40
“£288,876 was awarded to The Nautilus Welfare Fund. Martyn Gray is employed as a Director at Nautilus International which manages some projects funded from the grant to The Nautilus Welfare Fund.” — page 40
“£30,000 was awarded to the FISH Platform, an organisation for which Robert Greenwood acts as secretary.” — page 40
“£288,876 was awarded to The Nautilus Welfare Fund. Martyn Gray is employed as a Director at Nautilus International which manages some projects funded from the grant to The Nautilus Welfare Fund.” — page 40
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (11/09/2025)
- Received assets from another charity (11/09/2025)
- Received assets from another charity (30/09/2021)
- Received assets from another charity (16/10/2020)
Trustees
- Paul Gerard Butterworthchair
- Captain Lee Clarke
- Deborah Cavaldoro
- Fleur Bassett
- GERALD EDWARD KIDD
- Julie Tankard
- Martyn Gray
- Monica Kohli
- Nigel Blazeby
- Peter French
- Petra Wilkinson CBE
- Robert John Greenwood
- Simon Gillespie OBE
- William Andrew REID
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £3.9m | £5.4m |
| 31/12/2024 | £1.8m | £4.7m |
| 31/12/2023 | £2.8m | £4.3m |
| 31/12/2022 | £2.3m | £5.1m |
| 31/12/2021 | £2.9m | £5.4m |
Common questions
Is The Seafarers' Charity (King George's Fund for Sailors) financially healthy?
The accounts state that the charity has a very strong financial base with total net assets of £35.7m, comprising unrestricted funds of £31.8m and restricted/endowment funds of £3.9m. The trustees report that the charity is mid-way through a planned run-off of 50% of its reserves' real value from 2015 to 2035, with designated funds totaling £30.4m and a general reserve of £1.4m equivalent to approximately three months of operating costs. Its FY2025 accounts were audited by Sayer Vincent LLP.
Who funds The Seafarers' Charity (King George's Fund for Sailors)?
Funders whose own accounts filings name The Seafarers' Charity (King George's Fund for Sailors) as a grant recipient include LLOYD'S REGISTER FOUNDATION, FISHMONGERS' COMPANY'S CHARITABLE TRUST, THE ELIZABETH AND PRINCE ZAIGER TRUST, THE SIR JOHN RITBLAT FAMILY FOUNDATION, DUDLEY AND GEOFFREY COX CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| LLOYD'S REGISTER FOUNDATION | FY2024 | £450k |
| FISHMONGERS' COMPANY'S CHARITABLE TRUST | FY2025 | £14k |
| THE ELIZABETH AND PRINCE ZAIGER TRUST | FY2025 | £10k |
| LLOYD'S REGISTER FOUNDATION | FY2025 | £10k |
| THE SIR JOHN RITBLAT FAMILY FOUNDATION | FY2024 | £9k |
| THE ELIZABETH AND PRINCE ZAIGER TRUST | FY2023 | £8k |
| DUDLEY AND GEOFFREY COX CHARITABLE TRUST | FY2024 | £6k |
| THE ELIZABETH AND PRINCE ZAIGER TRUST | FY2024 | £6k |
| DUDLEY AND GEOFFREY COX CHARITABLE TRUST | FY2023 | £6k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | FY2022 | £5k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | FY2024 | £5k |
| DUDLEY AND GEOFFREY COX CHARITABLE TRUST | FY2025 | £4k |
| The Caledonia Investments Charitable Foundation | FY2023 | £2k |
| FRAZER TRUST | FY2024 | £2k |
| ANSON CHARITABLE TRUST | FY2022 | £1k |
| THE ANNIE TRANMER CHARITABLE TRUST | FY2025 | £1k |
| ANSON CHARITABLE TRUST | FY2025 | £1k |
| THE SIR JOHN RITBLAT FAMILY FOUNDATION | FY2023 | — |