THE I T F SEAFARERS TRUST

Charity number: 281936
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

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

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£1,939,500

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Donations and legacies £1.00m
Charitable activities £0
Other trading activities £0
Investments £939.00k
Other £0

Total expenditure:
£4,958,094

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Raising funds £57.32k
Charitable activities £4.90m
Other £0

£2,687,265 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £57.32k
Charitable expenditure £4.90m

People

5 Employee(s)

6 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£70k to £80k 2
£100k to £110k 1
£110k to £120k 1

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
  • Overseas Aid/famine Relief
  • Accommodation/housing
  • Amateur Sport
  • Economic/community Development/employment
  • Human Rights/religious Or Racial Harmony/equality Or Diversity
  • Recreation
Who the charity helps:
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Organisations
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales
  • Abu Dhabi
  • Afghanistan
  • Ajman
  • Akrotiri
  • Aland Islands
  • Albania
  • Algeria
  • American Samoa
  • Andorra
  • Angola
  • Anguilla
  • Antarctica
  • Antigua And Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Ascension
  • Australia
  • Austria
  • Azerbaijan
  • Bahrain
  • Baker Island
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bonaire
  • Bosnia And Herzegovina
  • Botswana
  • Bouvet Island
  • Brazil
  • British Antarctic Territory
  • British Indian Ocean Territory
  • British Virgin Islands
  • Brunei
  • Bulgaria
  • Burkina Faso
  • Burma
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Ceuta
  • Chad
  • Chile
  • China
  • Christmas Island
  • Cocos (KEELING) ISLANDS
  • Colombia
  • Comoros
  • Congo
  • Congo (Democratic Republic)
  • Cook Islands
  • Costa Rica
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Dhekelia
  • Djibouti
  • Dominica
  • Dominican Republic
  • Dubai
  • Easter Island
  • East Timor
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Eswatini
  • Ethiopia
  • Falkland Islands
  • Faroe Islands
  • Fiji
  • Finland
  • France
  • French Guiana
  • French Polynesia
  • French Southern Territories
  • Fujairah
  • Gabon
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guadeloupe
  • Guam
  • Guatemala
  • Guernsey
  • Guinea
  • Guinea-bissau
  • Guyana
  • Haiti
  • Heard Island And Mcdonald Islands
  • Honduras
  • Hong Kong
  • Howland Island
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iraq
  • Ireland
  • Isle Of Man
  • Israel
  • Italy
  • Ivory Coast
  • Jamaica
  • Japan
  • Jarvis Island
  • Jersey
  • Johnston Atoll
  • Jordan
  • Kazakhstan
  • Kenya
  • Kingman Reef
  • Kiribati
  • Kosovo
  • Kuwait
  • Kyrgyzstan
  • Laos
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macau
  • Macedonia
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mauritius
  • Mayotte
  • Melilla
  • Mexico
  • Micronesia
  • Midway Islands
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Namibia
  • Nauru
  • Navassa Island
  • Nepal
  • Netherlands
  • New Caledonia
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norfolk Island
  • Northern Ireland
  • Northern Mariana Islands
  • Norway
  • Occupied Palestinian Territories
  • Oman
  • Pakistan
  • Palau
  • Palmyra Atoll
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Pitcairn, Henderson, Ducie And Oeno Islands
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Ras Al-khaimah
  • Réunion
  • Romania
  • Russia
  • Rwanda
  • Saba
  • Saint Barthélemy
  • Saint Helena
  • Saint-Martin
  • Saint Pierre And Miquelon
  • Saint Vincent
  • Samoa
  • San Marino
  • São Tomé And Principe
  • Saudi Arabia
  • Scotland
  • Senegal
  • Serbia
  • Seychelles
  • Sierra Leone
  • Singapore
  • Sint Eustatius
  • Sint Maarten
  • Slovakia
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Georgia And South Sandwich Islands
  • South Korea
  • Spain
  • Sri Lanka
  • St Kitts And Nevis
  • St Lucia
  • Sudan
  • Suriname
  • Svalbard And Jan Mayen
  • Sweden
  • Switzerland
  • Taiwan
  • Tajikistan
  • Tanzania
  • Thailand
  • The Bahamas
  • The Gambia
  • Togo
  • Tokelau
  • Tonga
  • Trinidad And Tobago
  • Tristan Da Cunha
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks And Caicos Islands
  • Tuvalu
  • Uganda
  • Ukraine
  • Umm Al-quwain
  • United Arab Emirates
  • United States
  • United States Virgin Islands
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Vatican City
  • Venezuela
  • Vietnam
  • Wake Island
  • Wallis And Futuna
  • Western Sahara
  • Zambia
  • Zimbabwe

Governance

Registration history:
  • 20 February 1981: Standard registration
Organisation type:
Trust
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

6 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
DAVE HEINDEL Chair
None on record
Maya Schwiegershausen-Guth Trustee 06 April 2022
None on record
Jacqueline Smith Trustee 20 November 2015
None on record
STEPHEN MARK COTTON Trustee 29 July 2013
None on record
BRIAN ORRELL Trustee
None on record
PADRAIG JOSEPH CRUMLIN Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £2.20m £490.99k £1.26m £1.54m £1.94m
Total expenditure £4.82m £9.15m £5.63m £6.20m £4.96m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £1.60m N/A £1.00m £1.19m £1.00m
Income - Other trading activities £0 N/A £0 £0 £0
Income - Charitable activities £0 N/A £0 £0 £0
Income - Endowments £0 N/A £0 £0 £0
Income - Investment £600.67k N/A £263.86k £347.20k £939.00k
Income - Other £0 N/A £0 £0 £0
Income - Legacies £0 N/A £0 £0 £0
Expenditure - Charitable activities £4.75m N/A £5.57m £6.14m £4.90m
Expenditure - Raising funds £67.92k N/A £59.37k £59.10k £57.32k
Expenditure - Governance £13.28k N/A £13.61k £15.80k £18.80k
Expenditure - Grants institution £4.08m N/A £4.96m £4.93m £3.57m
Expenditure - Investment management £67.92k N/A £59.37k £59.10k £57.32k
Expenditure - Other £0 N/A £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £11.04k N/A £16.93k £8.59k £0
Long-term investments £43.88m N/A £46.44m £35.33m £35.75m
Other assets £5.49m N/A £1.32m £3.65m £1.51m
Defined benefit pension scheme asset or liability £0 N/A £0 £0 £0
Total liabilities £1.30m N/A £3.45m £3.63m £2.23m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 28 August 2024 On Time
Accounts and TAR 31 December 2023 28 August 2024 On Time Download Open in new window
Annual return 31 December 2022 21 December 2023 51 days late
Accounts and TAR 31 December 2022 21 December 2023 51 days late Download Open in new window
Annual return 31 December 2021 27 October 2022 On Time
Accounts and TAR 31 December 2021 27 October 2022 On Time Download Open in new window
Annual return 31 December 2020 27 October 2021 On Time
Accounts and TAR 31 December 2020 27 October 2021 On Time Download Open in new window
Annual return 31 December 2019 21 February 2020 On Time
Accounts and TAR 31 December 2019 21 February 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

TRUST DEED DATED 15TH JANUARY 1981 AS AMENDED BY SUPPLEMENTAL DEED 4 JUNE 2010

Charitable objects

THE TRUSTEES SHALL STAND POSSESSED OF THE TRUST FUND UPON TRUST TO APPLY AS AND WHEN THEY SHALL THINK FIT, THE SAME AND THE INCOME THEREOF; (A) IN RELIEVING FINANCIAL HARDSHIP, SICKNESS AND DISABILITY AMONGST SEAFARERS; (B) IN PROMOTING THE SPIRITUAL AND MORAL WELFARE OF SEAFARERS; (C) IN PROVIDING, OR ASSISTING IN PROVIDING, IN THE INTERESTS OF SOCIAL WELFARE, FACILITIES SERVING INTERNATIONAL PORTS FOR RECREATION OR OTHER LEISURE TIME OCCUPATIONS FOR SEAFARERS AND OTHER MARITIME WORKERS OF ALL NATIONS WHO ARE IN NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY, DISABLEMENT OR SOCIAL OR ECONOMIC CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THE CONDITION OF LIFE OF SUCH SEAFARERS AND OTHER MARITIME WORKERS; (D) IN RELIEVING SEAFARERS' SPOUSES, CIVIL PARTNERS, CHILDREN) WIDOWS AND WIDOWERS AND OTHER DEPENDANTS WHO ARE IN CONDITIONS OF NEED, HARDSHIP AND DISTRESS; (E) IN ADVANCING THE EDUCATION OF SEAFARERS FOR THE PUBLIC BENEFIT; (F) IN ADVANCING THE EDUCATION OFTHE PUBLIC IN GENERAL ON THE SUBJECT OF SEAFARERS' RIGHTS AND TO PROMOTE RESEARCH FOR THE PUBLIC BENEFIT IN ALL ASPECTS OF THAT SUBJECT AND TO PUBLISH THE USEFUL RESULTS; AND (G) IN PROMOTING AND PRESERVING THE HEALTH AND SAFETY OF SEAFARERS WITH THE AIM OF PRESERVING LIFE".

Area of benefit

The area the charity can operate in, as set out in its governing document.

ANY PART OF THE WORLD

Contact information

Address:
ITF House
49-60 Borough Road
London
Phone:
020 7403 2733
Email:
info@seafarerstrust.org
Website:

www.seafarerstrust.org Open in new window