QVSR Seafarers Centres

Analysis

QVSR Seafarers Centres is a registered charity in England and Wales, based in London. It was registered in April 2022, 4 years ago. Its declared purposes cover education/training, the prevention or relief of poverty, religious activities and recreation, which this site groups under poverty relief. Legally it is a charitable company (Companies House number 13903109). It says it provides buildings/facilities/open space and provides services.

In the financial year ending December 2024, QVSR Seafarers Centres reported income of £715k and spending of £1.0m, spending 141% of what it took in. Across the 3 years on record, from December 2022 to December 2024, income fell from £1.2m to £715k (-39%), an average of -22% a year. The sharpest change came in the year to December 2024, when income dropped by 40%. Over the whole period it spent 75% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, QVSR Seafarers Centres sits at the 91st percentile: it is larger than about 90% of them. Against every charity in England and Wales with reported income it ranks in the 92nd percentile. Charities of a similar size with the same main cause include Suffolk West Citizens Advice Bureau (£714k), Hope Nottingham CIO (£715k) and Lifepoint Church (£714k).

In its latest detailed accounts, income came from trading 65%, charitable activities 26%, donations and legacies 6.2% and investments 3.4%. Charitable activities took 36% of spending and raising funds 0.0%. Reserves of £704k would cover about 7 months of spending at that rate. It employed 23 people.

Data notes from the register: The regulator lists this charity's latest annual return or accounts as overdue.