Finance Score: -7
Governance Score: 5
Support Score: 0
  • Liabilities <10%: +3
  • Excess reserves: -5
  • Positive trading contribution: +2;Multiple Deficits: -2
  • Fundraising costs high: -5
  • Good trustee age range: +3
  • Dynamic board: +3
  • Mainly male board: -1
  • No supporters identified
Overall GiG Score: -2 ?

INTERNATIONAL FOUNDATION FOR AIDS TO NAVIGATION

Our object is to promote safety at sea and to protect the marine environment
Analysis by Giving is Great

Positives:

  • This charity has a robust balance sheet
  • More than half of total income was derived from trading and fees in the latest year
  • The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • The Board is predominantly male

Financial issues to consider:

  • This charity has substantial assets and unrestricted reserves of £49,592,093 available, equivalent to 64 months of spending and so may not be able to utilise additional funding
  • On several occasions in recent years income has been less than spending
  • Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit £k
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/12/22£7,756£9,242£-1,486£4,386£49,592£49,59264.4140
31/12/21£7,813£7,234£580£3,889£52,764£52,76487.5140
31/12/20£7,340£7,988£-648£4,149£52,827£52,82779.4140
31/12/19£6,584£9,929£-3,345£4,775£50,214£50,21460.7130
31/12/18£10,285£12,027£-1,742£6,393£50,063£50,06350100
31/12/17£7,756£9,769£-2,013£4,681£53,823£53,82366.1100
31/12/16*£8,148£10,907£-2,758£6,023£64,542£64,54271100
31/12/15*£5,107£12,892£-7,784£8,204£58,255£58,25554.2100
31/12/14£10,222£12,463£-2,241£6,098£64,450£64,45062.1140
31/12/13£12,283£10,175£2,109£5,577£64,513£64,51376.1120
31/12/12£10,347£9,482£864£5,366£56,174£56,17471.1120
31/12/11£10,733£9,847£887£4,999£56,653£56,65369130
31/12/10£11,743£9,536£2,207£5,011£52,301£52,30165.8130
31/12/09£8,454£10,616£-2,162£5,977£46,637£46,63752.7110
31/12/08£11,768£9,440£2,328£5,207£49,416£49,41662.8130
31/12/07£9,109£7,811£1,298£4,479£47,098£47,09872.4140
31/12/06£6,234£5,620£614n/an/an/an/an/an/a
31/12/05£8,625£6,196£2,429n/an/an/an/an/an/a
31/12/04£6,786£6,109£677n/an/an/an/an/an/a

Financial Ratios
Fundraising Costs/Relevant Income: 143%
Fundraising Costs/Total Spending: 49.3%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 5%
Liabilities/Income: 34%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 64.4 months
Net Current Assets/Spending: 5 months
Quick Ratio: 1.6
Asset Split ?
Balance Sheet History
Established: 62 years
(74 years as a company)

www.ifan-maritime.org

info@ifan-maritime.org

02072209520

Charity Commission for England and WalesCompanies HouseFacebook
UN SDGs
?
Listed activities
  • Environment/Conservation/Heritage
  • The Advancement Of Health Or Saving Of Lives
GiG Classification
  • Professional associations
How it operates
  • Acts as an umbrella or resource body
  • Makes grants to organisations
  • Provides human resources
  • Provides services
Where it operates
  • Bahrain, Throughout London,
Who it helps
  • Other Defined Groups
  • The General Public/Mankind

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (9)
Current Trustees appointed
Gender Split
Based on 8/9 persons

Age Range of Trustees: 47-75
  • ALAN ROBERT WILLIAM MARSH MBE FICS Appointed: 2018, Occupation: Director
  • ASLAK ROSS Appointed: 2022, Occupation: Fleet Hse Manager
  • CAPTAIN IAIN SCALLY Appointed: 2021, Occupation: Marine Advisor
  • DAVID HILL Appointed: 2023, Occupation: Lng Fleet Manager
  • DOUGLAS SUMMERHILL Appointed: 2020, Occupation: Director
  • LOUISE MARGARET EVANS Appointed: 2020, Occupation: Director
  • PETER STANLEY Appointed: 2019, Occupation: Chartered Engineer
  • RODERICK GUY MASON (Chair) Appointed: 2022, Occupation: Chairman
  • YOUSUF ALSAGER Appointed: 2011
Legal constitution
  • Charitable company registered in England & Wales on 22/02/1963, number: 210066
  • Registered at Companies House on 12/01/1950, number: 00477145
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
Filing Record
19 returns made; AR16: 28 days late, AR15: 30 days late,
Main office

IFAN
8-9 LOVAT LANE
LONDON
EC3R 8DW

Objectives

3. THE OBJECTS OF THE COMPANY ARE THE PROMOTION OF SAFETY AT SEA AND THE PROTECTION OF THE MARINE ENVIRONMENT IN THE MIDDLE EAST AND WORLDWIDE BY ALL CHARITABLE MEANS INCLUDING DIRECTLY OR INDIRECTLY:3.1 PROVIDING AND MAINTAINING NAVIGATION AIDS, SAFETY SYSTEMS AND SAFETY INFORMATION;3.2 PROMOTING THE USE OF MODERN NAVIGATION TECHNIQUES AND PROCEDURES AND OTHER ESSENTIAL MARITIME SKILLS; AND3.3 PROTECTING AND IMPROVING ALL ASPECTS OF THE MARINE ENVIRONMENT (THE OBJECTS)

Defined Area of Benefit:

THE MIDDLE EAST

Data Sources

Charity Commission for England and Wales

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