THE I T F SEAFARERS TRUST

Registered charity 281936 · accounts filings on the Charity Commission register

Provide or assist in providing for the welfare of maritime workers of all nations, and assisting them and their dependents in conditions of sickness, hardship and distress

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Disability · The Prevention Or Relief Of Poverty · Overseas Aid/famine Relief · Grant history (this charity is a funder) · website · Get email alerts

Latest income

£1.5m

Latest spending

£5.9m

Registered

1981

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that total funds decreased from £35,036,419 to £32,865,240 due to a net loss of £2,171,179, driven by grant expenditure exceeding income. However, the trustees report that the charity has sufficient reserves and a significant asset base in investments to meet future expenditure requirements.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £110,001 - £120,000 — in the top quarter for charities its size (median £70k)

“One employee received total employee benefits, excluding pension contributions, in excess of £110,000 but less than £120,000” — page 26

Per its FY2024 accounts as filed with the Charity Commission.

Governance: Serious incident report filed with Charity Commission regarding allegation of misappropriation of grant funds, though no evidence was found.

“No evidence was found to corroborate the claims, however given the sums involved a ‘serious incident report’ was made to the Charity Commission on 17 May 2024.” — page 10

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services Ltd.. Discloses 4 of 6 completeness components.

Leadership, per the charity’s website

David Heindel — Chairperson (source)

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

International Labour Organisation — “The ITF Seafarers’ Trust (ITFST) is announcing new project funding of EUR 500,000 to the International Labour Organisation on this, the 20-y…” (source page)

Public profiles (found on the charity’s own website): facebook

Structured financials (annual return, FY ending 31/12/2024)

Total income

£1.5m

Total spending

£5.9m

Cost of raising funds

£57k

Reserves (reported)

£6.9m

Employees

Reported reserves equal ~13.8 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (65% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 3.7% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

DAVE HEINDELchair
Anthony Mark Dickinson · trustee of 1 other charity
BRIAN ORRELL
Jacqueline Smith
PADRAIG JOSEPH CRUMLIN
STEPHEN MARK COTTON
Sunil Nair

Trustee list from the Charity Commission register (current, not historical).

Operates in: Abu Dhabi · Afghanistan · Ajman · Akrotiri · Aland Islands · Albania · Algeria · American Samoa · Andorra · Angola · Anguilla · Antarctica

Income and spending

Financial year end	Income	Spending
31/12/2024	£1.5m	£5.9m
31/12/2023	£1.9m	£5.0m
31/12/2022	£1.5m	£6.2m
31/12/2021	£1.3m	£5.6m
31/12/2020	£491k	£9.1m

Common questions

Is THE I T F SEAFARERS TRUST financially healthy?

Per its FY2024 accounts: The accounts state that total funds decreased from £35,036,419 to £32,865,240 due to a net loss of £2,171,179, driven by grant expenditure exceeding income. However, the trustees report that the charity has sufficient reserves and a significant asset base in investments to meet future expenditure requirements. Its FY2024 accounts were audited by Azets Audit Services Ltd..

What does the highest-paid employee of THE I T F SEAFARERS TRUST earn?

Per its FY2024 accounts, the highest-paid employee was in the £110,001 - £120,000 band.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND	6	£788k
MERCHANT NAVY WELFARE BOARD	4	£62k
The Seafarers' Charity (King George's Fund for Sailors)	2	£435k
BALTIC EXCHANGE CHARITABLE FOUNDATION	2	£30k
THE HOBSON CHARITY LIMITED	2	£8k
The Caledonia Investments Charitable Foundation	2	£6k
LLOYD'S REGISTER FOUNDATION	1	£460k
THE ELIZABETH AND PRINCE ZAIGER TRUST	1	£27k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with MERCHANT NAVY WELFARE BOARD.

MERCHANT NAVY WELFARE BOARD income £808k
SEAFARERS HOSPITAL SOCIETY income £544k
The Seafarers' Charity (King George's Fund for Sailors) income £3.9m
NAUTILUS WELFARE FUND income £4.0m
BALTIC EXCHANGE CHARITABLE FOUNDATION income £342k
SAILORS' SOCIETY income £1.6m

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
THE I T F SEAFARERS TRUST	£1.5m	£110,001 - £120,000	—	unclear	—	no doubt
MERCHANT NAVY WELFARE BOARD FY2025	£808k	£80,001 - £90,000	—	unclear	—	no doubt
SEAFARERS HOSPITAL SOCIETY FY2025	£544k	£90,001 - £100,000	1	above	—	no doubt
The Seafarers' Charity (King George's Fund for Sailors) FY2025	£3.9m	—	—	unclear	—	no doubt
NAUTILUS WELFARE FUND FY2024	£4.0m	—	0	above	—	no doubt
BALTIC EXCHANGE CHARITABLE FOUNDATION FY2024	£342k	—	0	above	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.