AGED MERCHANT SEAMEN'S HOMES
1) REPAIR AND MAINTENANCE OF ALMSHOUSES FOR DESERVING POOR PERSONS WHO ARE RETIRED SEAMEN, WIDOWS OR DAUGHTERS BEING NOT LESS THAN FIFTY YEARS OF AGE.2) BENEFIT OF THE OCCUPANTS OF THE SAID ALMSHOUSES.
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating loss of £44,095 for the year ended 31 December 2024, resulting in a decrease in net assets. The trustees maintain that the charity is a going concern and have adopted a reserves policy to maintain unrestricted funds at a level equating to at least twelve months of unrestricted expenditure.
What the accounts disclose
“Income represents rent and service charges receivable from residents' net of rent and service charge losses from voids. Income is included in the financial statements on an accrual's basis, when it becomes receivable. Other income relates to charitable grants, bursaries and donations made to the association, and is recognised when it is received.” — page 9
“It is the policy of the Trust to maintain unrestricted funds at a level which equates to at least twelve months unrestricted expenditure.” — page 9
Register events
- Received assets from another charity (05/09/2019)
Trustees
- HENDON HOMES MANAGEMENT COMPANY LIMITED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £185k | £229k |
| 31/12/2023 | £148k | £206k |
| 31/12/2022 | £133k | £184k |
| 31/12/2021 | £127k | £165k |
| 31/12/2020 | £119k | £171k |
Common questions
Is AGED MERCHANT SEAMEN'S HOMES financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported an operating loss of £44,095 for the year ended 31 December 2024, resulting in a decrease in net assets. The trustees maintain that the charity is a going concern and have adopted a reserves policy to maintain unrestricted funds at a level equating to at least twelve months of unrestricted expenditure. Its FY2024 accounts were independently examined.
Who funds AGED MERCHANT SEAMEN'S HOMES?
Funders whose own accounts filings name AGED MERCHANT SEAMEN'S HOMES as a grant recipient include THE SIR TOM COWIE CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE SIR TOM COWIE CHARITABLE TRUST | FY2024 | £30k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 1 | £297k |
| THE I T F SEAFARERS TRUST | 1 | £75k |
| THE ROYAL NAVY AND ROYAL MARINES CHARITY | 1 | £65k |
| MERCHANT NAVY WELFARE BOARD | 1 | £46k |
| QUEEN MARY'S ROEHAMPTON TRUST | 1 | £25k |
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £10k |
| THE LOSELEY CHRISTIAN TRUST | 1 | £100 |
Charities like this
- WILSON'S MARINERS' HOMES
- ROYAL ALFRED SEAFARERS' SOCIETY
- THE ALMSHOUSE OF ST JOHN THE BAPTIST AND ST JOHN THE EVANGELIST
- THE DRAPERS' ALMSHOUSE CHARITY
- THE ABERFORD ALMSHOUSES
- TRUST PROPERTY ADMINISTERED IN CONNECTION WITH THE COMPANY OF THE MERCHANT ADVENTURERS OF THE CITY OF YORK
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AGED MERCHANT SEAMEN'S HOMES | £185k | — | 0 | unclear | — | no doubt |
| WILSON'S MARINERS' HOMES | £122k | — | 0 | above | — | no doubt |
| ROYAL ALFRED SEAFARERS' SOCIETY | £5.3m | — | — | unclear | — | no doubt |
| THE ALMSHOUSE OF ST JOHN THE BAPTIST AND ST JOHN THE EVANGELIST | £136k | — | 0 | unclear | — | no doubt |
| THE DRAPERS' ALMSHOUSE CHARITY | £1.6m | — | 0 | above | — | no doubt |
| THE ABERFORD ALMSHOUSES | £177k | — | 0 | above | — | no doubt |