SAILORS' SOCIETY
Financial health, per its FY2024 accounts
The accounts state that the group recorded a net surplus of £5,000 for the year, with total reserves standing at £3.7 million. However, free unrestricted reserves were £1.9 million, which the trustees note is below their stated policy target of 24–36 months of unrestricted expenditure. The charity remains reliant on donations and legacies, which saw a decline in 2024, though the going concern basis is supported by sufficient financial reserves to operate through 2026.
What the accounts disclose
“free reserves stood at £1.9 million, which equates to 18 months of total unrestricted expenditure. This is below the range set out in the policy”
Leadership, per the charity’s website
- Sara Baade — CEO
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (16/10/2020)
- Received assets from another charity (25/04/2019)
- Received assets from another charity (09/10/2012)
- Received assets from another charity (29/12/2011)
Trustees
- Dr PETER MICHAEL SWIFTchair
- Anna Grace Shrimplin Evangelidis
- CATHARINE MARGARET MORTON
- Christopher John Farrell
- Heidi Rosemary Heseltine
- Jonathan Holloway
- Joshua Paul Hutchinson
- Michael Peter Bunton
- Michele Rinette White
- Peter Charles Broadhurst
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.6m | £1.7m |
| 31/12/2023 | £2.3m | £2.1m |
| 31/12/2022 | £1.4m | £2.5m |
| 31/12/2021 | £1.9m | £3.0m |
| 31/12/2020 | £2.4m | £4.5m |
Common questions
Is SAILORS' SOCIETY financially healthy?
The accounts state that the group recorded a net surplus of £5,000 for the year, with total reserves standing at £3.7 million. However, free unrestricted reserves were £1.9 million, which the trustees note is below their stated policy target of 24–36 months of unrestricted expenditure. The charity remains reliant on donations and legacies, which saw a decline in 2024, though the going concern basis is supported by sufficient financial reserves to operate through 2026. Its FY2024 accounts were audited by Azets Audit Services.
Who funds SAILORS' SOCIETY?
Funders whose own accounts filings name SAILORS' SOCIETY as a grant recipient include THE I T F SEAFARERS TRUST, THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND, BALTIC EXCHANGE CHARITABLE FOUNDATION, THE ANCHOR FOUNDATION, THE CARMELA & RONNIE PIGNATELLI FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE I T F SEAFARERS TRUST | FY2024 | £50k |
| THE I T F SEAFARERS TRUST | FY2023 | £49k |
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | FY2025 | £17k |
| BALTIC EXCHANGE CHARITABLE FOUNDATION | FY2023 | £10k |
| THE ANCHOR FOUNDATION | FY2023 | £5k |
| THE CARMELA & RONNIE PIGNATELLI FOUNDATION | FY2024 | £3k |
| The Patricia Routledge Foundation | FY2024 | £2k |
| The Caledonia Investments Charitable Foundation | FY2023 | £1k |
| WORLD DAY OF PRAYER NATIONAL COMMITTEE FOR ENGLAND, WALES AND NORTHERN IRELAND | FY2022 | £1k |
| The Seafarers' Charity (King George's Fund for Sailors) | FY2022 | — |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FRAZER TRUST | 3 | £6k |
| MERCHANT NAVY WELFARE BOARD | 2 | £27k |
| THE LESLIE MARY CARTER CHARITABLE TRUST | 2 | £15k |
| ANSON CHARITABLE TRUST | 2 | £8k |
| THE ANNIE TRANMER CHARITABLE TRUST | 2 | £3k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS WITH ALL SAINTS, LYMINGTON, WINCHESTER | 1 | — |
| LLOYD'S REGISTER FOUNDATION | 1 | £460k |
| E B M CHARITABLE TRUST | 1 | £75k |