THE MARINE SOCIETY AND SEA CADETS
Promoting Sea Cadet activity. Supporting the maritime industry. Franchisor and primary support for Sea Cadet units ? local groups constituted as separately registered charities.Supporting the maritime industry through the Marine Society, allowing seafarers access to lifelong learning opportunities, a ships? library service, and the provision of financial support for professional advancement.
Financial health, per its FY2025 accounts
The accounts state that unrestricted free reserves were £727,000, which is below the trustees' stated policy target of £2.4 million. The charity reports negative net current assets but attributes this to timing issues, stating they have sufficient resources to continue as a going concern.
What the accounts disclose
“15 employees earned over £60K (2024: twelve).” — page 52
“We have not met this reserves policy.”
“Four of the Trustees and the CEO of the charity are Younger Brothers of Trinity House Maritime Charity During the year the charity received a grant of £140K (2024: £130K) from the Trinity House Maritime Charity.” — page 63
“The company made a charitable donation in the year of £27K (2024: £24k) to the charity.” — page 51
“Four of the Trustees and the CEO of the charity are Younger Brothers of Trinity House Maritime Charity During the year the charity received a grant of £140K (2024: £130K) from the Trinity House Maritime Charity.” — page 63
“The company made a charitable donation in the year of £27K (2024: £24k) to the charity.” — page 51
“Four of the Trustees and the CEO of the charity are Younger Brothers of Trinity House Maritime Charity During the year the charity received a grant of £140K (2024: £130K) from the Trinity House Maritime Charity.” — page 63
“The company made a charitable donation in the year of £27K (2024: £24k) to the charity.” — page 51
“Four of the Trustees and the CEO of the charity are Younger Brothers of Trinity House Maritime Charity During the year the charity received a grant of £140K (2024: £130K) from the Trinity House Maritime Charity.” — page 63
“The company made a charitable donation in the year of £27K (2024: £24k) to the charity.” — page 51
“The most up to date actuarial report is at 31 March 2024 valued assets in the scheme at £1,956M and the liabilities at £1,967M giving a rise to a scheme wide deficit of (£11M).” — page 63
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (16/10/2020)
Trustees
- JEREMY JOHN HARLEY PENNchair
- Andy Helliwell
- David Dingle
- Deana Rouse MBE
- Dr Kate Richardson OBE
- Gareth Hampton
- Honor Wilson-Fletcher MBE
- John Denholm
- Jonathan Robertshaw
- Kirsten Hopkins
- Laurelle Brant
- Leonie Austin
- Michael Schofield
- Stephen Edward Peck
- Steve Smith OBE
- Stuart Edward Curl
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £23.6m | £19.3m |
| 31/03/2024 | £18.8m | £18.6m |
| 31/03/2023 | £16.5m | £18.8m |
| 31/03/2022 | £19.4m | £15.8m |
| 31/03/2021 | £14.3m | £13.8m |
Common questions
Is THE MARINE SOCIETY AND SEA CADETS financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted free reserves were £727,000, which is below the trustees' stated policy target of £2.4 million. The charity reports negative net current assets but attributes this to timing issues, stating they have sufficient resources to continue as a going concern. Its FY2025 accounts were audited by MHA.
Who funds THE MARINE SOCIETY AND SEA CADETS?
Funders whose own accounts filings name THE MARINE SOCIETY AND SEA CADETS as a grant recipient include THE GOSLING FOUNDATION LIMITED, THE I T F SEAFARERS TRUST, COMBINED CADET FORCE ASSOCIATION, THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS, THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 20/04/2023 | £390k | MSSC Federdated Grant FY23/24 |
| UK government | 27/10/2022 | £98k | Marine Society and Sea Cadets - Uniformed Youth New Groups Fund |
| UK government | 01/04/2022 | £577k | Uniformed Youth Fund 2022-25 - Marine Society and Sea Cadets |
| UK government | 01/04/2022 | £554k | Uniformed Youth Fund 2022-25 - Marine Society and Sea Cadets |
| UK government | 02/03/2022 | £20k | Engineering Pathway (MSSC) |
| UK government | 02/03/2022 | £250k | Petrol Pier Pontoon (MSSC) |
| UK government | 02/03/2022 | £2.4m | Parade Weapons and Secure Hub Locations (MSSC) |
| UK government | 03/02/2022 | £20k | Engineering Pathway (MSSC) FY22-23 |
| UK government | 12/10/2020 | £75k | ALB-SportEngland-Watersports Centre |
| UK government | 01/04/2019 | £173k | Financial Assistance/Support |
| UK government | 01/04/2018 | £750k | Financial Assistance/Support |
| UK government | 01/04/2018 | £387k | Support to the Sea Cadets |
| UK government | 01/04/2018 | £304k | Financial Assistance/Support |
| Sport England | 19/11/2015 | £35k | Making Waves - Welsh Harp |
| Sport England | 23/09/2015 | £40k | Making Waves - Welsh Harp |
| The National Lottery Heritage Fund | 01/07/2015 | £7k | "Sharing the heritage of TS Exeter Sea Cadets over the last 75 years" |
| Sport England | 05/06/2013 | £10k | Making waves |
| Sport England | 04/11/2011 | £50k | Making Waves |
| The National Lottery Community Fund | 04/12/2009 | £5k | Provision of two new pulling boats |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BALTIC EXCHANGE CHARITABLE FOUNDATION | 2 | £30k |
| THE HOBSON CHARITY LIMITED | 2 | £8k |
| The Caledonia Investments Charitable Foundation | 2 | £6k |
| The Seafarers' Charity (King George's Fund for Sailors) | 1 | — |
| LLOYD'S REGISTER FOUNDATION | 1 | £460k |
| THE ELIZABETH AND PRINCE ZAIGER TRUST | 1 | £27k |
| DUDLEY AND GEOFFREY COX CHARITABLE TRUST | 1 | £21k |
| THE ANCHOR FOUNDATION | 1 | £15k |
Charities like this
- The Seafarers' Charity (King George's Fund for Sailors)
- SEFTON UNIT NO 48 OF THE SEA CADET CORPS
- THE SHIPWRECKED FISHERMEN AND MARINERS' ROYAL BENEVOLENT SOCIETY
- THE MERCHANT SEAMEN'S WAR MEMORIAL SOCIETY (INCORPORATED)
- SAILORS' SOCIETY
- THE MARITIME EDUCATIONAL FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MARINE SOCIETY AND SEA CADETS | £23.6m | — | 15 | below | — | no doubt |
| The Seafarers' Charity (King George's Fund for Sailors) | £3.9m | — | — | unclear | — | no doubt |
| SEFTON UNIT NO 48 OF THE SEA CADET CORPS | £109k | — | 0 | unclear | — | no doubt |
| THE SHIPWRECKED FISHERMEN AND MARINERS' ROYAL BENEVOLENT SOCIETY | £1.6m | £90,001 - £100,000 | 1 | above | — | no doubt |
| THE MERCHANT SEAMEN'S WAR MEMORIAL SOCIETY (INCORPORATED) | £1.4m | — | 0 | unclear | — | no doubt |
| SAILORS' SOCIETY | £1.6m | — | — | below | — | no doubt |