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2024-12-31-accounts

International Christian Maritime Association

The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

Table of Contents

Table of Contents 1
Reference and Administration Details 2
Structure, Governance and Management 3
Achievements and performance 4
Financial review 2024 5
Trustees’ Declaration 7
Independent Examiner’s Report 8
Statement of Financial Activities and Income and Expenditure Account 9
Balance Sheet 10
Notes to the Financial Statements 11
ICMA Membership Organisations 17

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The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

Reference and Administration Details

Registered Office and Mailing Address: ICMA c/o The Mission to Seafarers, First Floor, 6 Bath Place, Rivington Street, London, EC2A 3JE, UNITED KINGDOM Tel. (+1) 514 993 6528

List of Trustees of the charity 1 January 2024 to date of this report:

Trustee name Office (if any) Dates acted if
not for whole
year
Name of person (or body)
entitled to appoint trustee
(if any)
1 The Rev. Mark Nestlehutt Vice-Chair
Chair
(Until Sept 6)
(From Sept 6)
The Seamen’s Church
Institute
2 Deacon Paul Rosenblum Vice-Chair (From Sept 6) North American Maritime
Ministry Association
3 Rev Matthias Ristau Secretary
Treasurer
(Until Oct 25)
(From Aug 2)
Deutsche Seemannsmission
eV
4 The Rev. Canon Andrew
Wright
(Until Aug 1) The Mission to Seafarers
5 The Ven. Dr. Peter Rouch Secretary (From Aug 1)
(From Oct 25)
The Mission to Seafarers
6 Sara Baade Chair (Until Sept 6) Sailors’ Society
7 Hilbert Penninga Treasurer (Until Aug 2) Nederlandse
Zeevaarendencentrale
8 Rev. Jeffrey Huseby (Until May 30) Council of Nordic Seamen’s
Churches
9 Rev. Selma Ravn (From May 30) Council of Nordic Seamen’s
Churches
10 Rev. Pascal Handschin (From Aug 2) Nederlandse
Zeevaarendencentrale
11 Vacant Stella Maris

Independent Examiner: Azets Audit Services, Titanium 1, King's Inch Place, Renfrew, Glasgow, PA4 8WF

ICMA Bankers: HSBC, 28 Borough High St, London SE1 1YB

ICMA General Secretary: Dr. Jason Zuidema

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The International Christian Maritime Association also known as ICMA

Charity Registered in England & Wales. Registration number 1176633

Structure, Governance and Management

Type of governing document: In 2017, the Trustees submitted an application to the Charity Commission for England and Wales to become a Charitable Incorporated Organisation, replacing the previous unincorporated structure. This new status was granted on 11 January 2018.

On 6 September 2024, the Annual General Meeting of the organisation voted to adopt updated changes to the Constitution. These amendments were approved by the UK Charity Commission and published on their website on 4 February 2025.

Governance and Trustee responsibilities are included as items on the regular agenda of the Executive, highlighting advice and guidance from the Charity Commission.

Objects, and Report on Public Benefit

The objects of the charity are the promotion of the spiritual, social and material welfare and religious education of all seafarers, and the relief of need, hardship or distress among seafarers.

The charity is a second and third tier service provider. At the beginning of 2024, the Association had 26 member organisations that serve seafarers, fishers, and their families worldwide (see list on the last page of this report). The charity provides services to those frontline operators who are members of the charity, or who partner with us, and acts in this way for the benefit of seafarers and fishers. The charity achieves its objectives directly and through its members.

The charity is a free association of Christian organisations working with seafarers, fishers and their families worldwide. The Trustees are comprised of those identified in the constitution to meet and agree strategy, policy and planning of the activities of the charity. The Trustees have oversight of the finances and other resources of the charity. Committees established by the Trustees are delegated tasks such as the organising of training for member organisations. Member organisations active in different parts of the world join in regional groupings to provide for collaborative activity, mutual support and sharing of resources for seafarer welfare. ICMA appoints and maintains delegations to the International Maritime Organisation and International Labour Organisation.

In setting out the main activities undertaken by the charity, the Trustees have regard to how its charitable purposes are applied for public benefit. The Trustees comply with their duty to have due regard to the Charity Commission's public benefit guidance when exercising their powers or duties. The direct and indirect benefit to seafarers in need constitutes the primary public benefit. That benefit is achieved by organising the membership for ecumenical relations among managements of faith-based welfare providers; by encouraging ecumenical working in the frontline delivery of services to seafarers and fishers in ports; by progressing partnerships with both international and local service providers operating in the seafarers’ welfare sector; and by providing advocacy for the rights and dignity of seafarers and fishers in the industry and in international bodies.

Trustees Governance:

Appointment of Trustees New Trustees are appointed in accordance with the provisions of the Constitution. In 2024, the charity introduced an induction programme to support this process. New Trustees are expected to familiarise themselves with the charity’s values, aims, and objectives, as well as

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The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

its day-to-day operations. They are also required to understand their statutory responsibilities as Trustees of a charity.

Decisions

Decisions and actions of the Trustees in 2024 resulted in the following changes and developments for effective management:

Achievements and performance

In pursuit of the objects of the charity the following areas of achievement are highlighted for 2024:

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The International Christian Maritime Association also known as ICMA

Charity Registered in England & Wales. Registration number 1176633

Financial review 2024

Financial reporting was reviewed by the Executive Committee with the accountant, with a view to providing regular management accounting and budgeting.

The results for the year show a surplus of £108,786 (2023: surplus of £13,350), representing a surplus of £1,947 (2023: surplus of £13,350) on unrestricted funds and a surplus of £106,839 (2023: surplus of £nil) on restricted funds.

A major focus in 2024 was in-person training and regional meetings. The regional meetings and training all had capacity attendance. We disseminate media from each of these meetings to promote best practices and enhance the worldwide network.

Financial support was received from the TK Foundation, The Seafarers’ Charity, and ITF Seafarers’ Trust for our meetings.

Dr. Jason Zuidema continued service to ICMA as General Secretary.

Statement on risks

The major risk facing the charity is Financial Risk and the strategies to manage and mitigate them are as follows:

Member Subscriptions : That some members may no longer be able financially to pay the voluntary contribution to which they had committed themselves. The Trustees regularly review the level of subscription arrears and has procedures in place to follow up non-payment. Specifically, the Trustees reviewed the subscription structure applicable for 2024 to ensure that the subscriptions were at an affordable level, and it will keep the level of subscriptions under review.

Dependence on several key foundations: That the major grant making bodies, the ITF Seafarers’ Trust or the TK Foundation, reduce the grants made for charitable activities (conferences and training). The Trustees active seek funding or in kind support from additional sources for projects currently being planned.

Accounting costs: That the cost of accounting may increase should the provision of different accounting and financial reporting services become necessary. The Trustees regularly review the quality and quantity of accounting services provided to ensure that they are appropriate and cost effective. It also seeks to ensure that applications to grant funders are made on a full cost recovery basis, so that the cost of providing monitoring information is reflected in the amount of funds for which application is being made.

Risk Mitigation: The charity has sufficient unrestricted reserves to fund both operating and charitable expenditures as a result of shortfalls on income on an ongoing basis.

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The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

Statement of the Charity’s policy on reserves:

The charity aims to accumulate reserves of at least £100,000 in order to manage major risks as noted above. It is aware that the financial climate in recent years has restricted members’ ability to bear significant subscription increases. Unrestricted reserves at the year-end were £216,122. Restricted reserves were £106,893.

Details of any funds materially in deficit:

There are no funds materially in deficit.

Plans for the future

Trustee Responsibilities:

The Trustees are responsible for preparing the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Legislation requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that year.

In preparing these accounts, the Trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the SORP. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

Trustees’ Declaration

The Trustees declare that they have approved the Trustees’ Report above at their meeting on

9 October 2025.

Signed on behalf of the charity’s trustees

Signature

Full name Mark Nestlehutt

Position Chairman

Date 10/14/2025

Signature

Full name Matthias Ristau

Position Treasurer

Date 10/15/2025

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The International Christian Maritime Association also known as ICMA

Charity Registered in England & Wales. Registration number 1176633

Independent Examiner’s Report

to the Trustees of International Christian Maritime Association

I report on the accounts of the charity for the year ended 31 December 2024, which are set out in this report.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records, comply with accounting requirements of the Charities Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

10/15/2025 William Vernall BA CA ____ Date ______ Azets Audit Services, Titanium 1, Kings Inch Place, Glasgow, PA4 8WF

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The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

Statement of Financial Activities and Income and Expenditure Account

For the year ended 31 December 2024

Unrestricted Restricted Total Total
Funds Funds 2024 2023
Note £ £ £ £
Income from
Membership fees 2,3 58,724
-

58,724

57,168
Charitable activities 4 4,244
158,303

162,547

93,282
Refunds and reimbursements 473
-

473

175
Investments -
-

-

-
Total incoming resources 63,441
158,303

221,744

150,625
Expenditure on
Raising funds -
-

-

-
Charitable activities 5 61,494 51,464
112,958
137,275
Total resources expended 61,494 51,464
112,958
137,275
Net income / expenditure 1,947 106,839
108,786
13,350
Transfers between funds 6 -
-
Net movement in funds 1,947 106,839
108,786
13,350
Total funds brought forward at 1 January 2024 214,175
-

214,175

200,825
Total funds carried forward at 31 December 2024 216,122 106,839
322,961
214,175

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The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

Balance Sheet

As at 31 December 2024

2024 2023
Note £ £
Fixed assets
Tangible assets 9 -
-
-
-
Current assets
Debtors 10 15,884
468
Cash at bank and in hand 11 316,889 217,144
332,773 217,612
Creditors
Amounts falling due within one year 12 9,812 3,437
Net current assets 322,961 214,175
Total assets less current liabilities 322,961 214,175
Reserves
Restricted funds 13 106,839
-
Unrestricted funds 14 216,122 214,175
322,961 214,175

These financial statements were approved by the Trustees on 9 October 2025 and signed on their behalf by:

____ Chair

____ Treasurer

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The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

Notes to the Financial Statements

FOR THE YEAR ENDED 31 December 2024

1. ACCOUNTING POLICIES

a) Basis of Preparation

The accounts have been prepared on a going concern basis under the historical cost convention. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland 2015. The principal accounting policies adopted in the preparation of the financial statements are set out below.

b) Incoming Resources

Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred where:

c) Volunteers and donated services and facilities

The value of services provided by volunteers is not incorporated into these financial statements.

d) Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Contractual arrangements are recognised as goods and services are supplied. Grant payments are recognised when a constructive obligation arises that results in the payment being unavoidable.

e) Irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

f) Operating leases

There are no operating leases.

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The International Christian Maritime Association also known as ICMA

Charity Registered in England & Wales. Registration number 1176633

g) Fixed Assets

Assets which, in the opinion of the charity, have a useful life of more than one year are capitalised. Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

Depreciation is provided on all fixed assets at rates calculated to write off each asset evenly over its expected three-year useful life on a straight-line basis.

h) Stocks

Stocks are valued at cost.

i) Foreign Currency Transactions

Transactions in foreign currency are recorded at a provisional rate during the year, with an adjustment made at the year end to reflect the actual rate ruling at the balance sheet date.

j) Funds Structure

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objects of the Charity

Restricted funds are funds subject to specific restrictive conditions imposed by donors or through the terms of an appeal.

The costs (if any) of raising and administering such funds are charged against the specific funds. The purpose and use of restricted funds (if any) is set out in the notes to the financial statements.

k) Pension Costs

Contributions to the charity's pension schemes are charged to resources expended as they become payable.

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The International Christian Maritime Association also known as ICMA

Charity Registered in England & Wales. Registration number 1176633

2. SUBSCRIPTIONS AND DONATIONS Unrestricted Restricted 2024 2023
funds funds Total Total
£ £ £ £
Membership Subscriptions (see Note 3) 58,724 - 58,724 57,168
Donations - - -
Total 58,724 - 58,724 57,168
2023 57,168 - 57,168
3. MEMBERSHIP SUBSCRIPTIONS DUE 2024 2023
£ £
Association for Seamen's Mission United Church of Christ (Japan) 500 -
Bibilia Harbour Mission (Nederduitse Gereformeerde Kerk in Suid-
Afrika)
500 -
Christelike Seemansorganisasie 502 483
Danske Soemands og Utlanskirker 2,500 2,500
Deutsche Seemansmission e.V. 7,497 7,271
Indenlandsk Soemandsmission 2,500 2,500
Korea International Maritime Mission - -
Seafarers' Christian Friend Society 500 500
Liverpool Seafarers' Centre 500 500
Mission to Seafarers 7,500 7,500
Naval and Military Bible Society 500 500
Nederlandse Zeemanscentrale 2,434 2,438
North American Maritime Ministry Association 2,435 2,486
Seemansmission der Nordkirche 501 485
PCT Seamen's Fishermen's Service Centre 481 477
Queen Victoria Seamen's Rest 500 500
Royal National Mission to Deep Sea Fishermen 500 500
Sailors' Society 7,500 7,500
The Seamen's Church Institute 7,502 7,400
Seamen's Mission of Estonia 494 485
Sjomannskirken / Norwegian Church Abroad 2,500 2,500
Sjömanskyrkan i Stockholm 494 486
Stella Maris 7,404 7,250
Stichting Pastoraat Werkers Overzee 495 485
Suomen Merimieskirkko 2,485 2,423
58,724 57,168

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The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

4. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Unrestricted Unrestricted Restricted Restricted Restricted 2024 2023
funds funds Total Total
£ £ £ £
Training 4,244 4,244 30,601
ICMA World Conference 2,998 2,998
Ahoy Conference 2023 - 62,681
Project Income -
ITF Seafarers - 2024 Conferences & Training 51,464 51,464
ITF Seafarers - 2025 ICMA World Conference 57,506 57,506
ITF Seafarers - 2025 Conferences & Training 46,335 46,335
2024 4,244 158,303 162,547
2023 28,239 65,043 93,282
5. CHARITABLE ACTIVITIES Unrestricted Restricted 2024 2023
funds funds Total Total
£ £ £ £
Salaries and pensions (see note below) 33,829 9,791 43,620 54,744
General Secretary expenses 6,090 5,457 11,547 8,881
Ahoy Conference 2023 - 40,899
ICMA Hamburg course - 19,368
ICMA Regional training conferences - 36,216 36,216
Insurance 1,544 - 1,544 937
Stationery and postage - - -
Computer expenses 696 - 696 696
Subscriptions paid 1,440 - 1,440 184
General expenses 2,703 - 2,703 306
AGM and Trustee expenses 3,415 - 3,415 -
Accountancy fees 4,420 - 4,420 5,898
Legal fees - - - -
Bank charges 925 - 925 784
Exchange rate variances 4,842 - 4,842 3,066
Bad debts - - - -
Independent examination 1,590 - 1,590 1,512
Total expenditure 2024 61,494 51,464 112,958

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The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

2023 72,232 65,043 137,275

Note: The salary and pension figure above relates to the General Secretary, who was considered to be the key management personnel in the year under review.

6. TRANSFERS BETWEEN FUNDS

No transfer has been made from unrestricted funds to restricted funds (2023: transfer of £0).

7. TAXATION

The Association has been accepted as a registered charity by HM Revenue and Customs. Accordingly no liability to taxation arises as all of the income and gains fall within the exemptions from taxation contained in Sections 466 to 493 of the Corporation Tax Act 2010.

8. EMPLOYEES

The average number of employees during the year was 1 (2023 - 1).

No Trustee received reimbursement of travel expenses to Executive Committee meetings (2023 - nil).

9. FIXED ASSETS 2024 2023
At cost - -
Depreciation to date - -
Net book value at year end - -
10. DEBTORS 2024 2023
£ £
Subscriptions due, less provision for bad debts - -
Event deposits 14,538 -
Sundry debtors and prepayments 1,346 468
15,884 468
All amounts are due within one year.
11. CASH AT BANK AND IN HAND 2024 2023

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The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

£ £
Bank current accounts 316,889 217,144
Direct business account - -
316,889 217,144
12. CREDITORS 2024 2023
Amounts falling due within one year £ £
Sundry creditors and accruals 9,812 3,437
9,812 3,437
13. RESTRICTED FUNDS
Opening Closing
Balance Income Expenditure Transfers Balance
£ £ £ £ £
2025 World Conference attendees 2,998 2,998
ITF Conferences & Training grant for 2024 51,464 51,464 -
ITF Conferences & Training grant for 2025 46,335 46,335
ITF grant - 2025 ICMA World Conference - 57,506 - 57,506
- 158,303 51,464 - 106,839
14. ANALYSIS OF NET ASSETS BETWEEN
FUNDS
Unrestricted Restricted
funds funds Total
£ £ £
Balance at 31 December 2024 per
Statement of Financial Activities
216,122 106,839 322,961
Represented by:
Net current assets 216,122 106,839 322,961

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The International Christian Maritime Association also known as ICMA Charity Registered in England & Wales. Registration number 1176633

ICMA Membership Organisations

  1. Association for Seafarers’ Mission Japan.

  2. Biblia Harbour Mission.

  3. Christelike Seemansorganisasie.

  4. Danske Sømands-og Utlandskirker.

  5. Deutsche Seemannsmission e.V.

  6. Estonia Seamen's Mission.

  7. Indenlandsk Sømandsmission.

  8. Korea International Maritime Mission.

  9. LIFE International Seafarers Christian Ministries.

  10. Liverpool Seafarers’ Centre

  11. The Mission to Seafarers.

  12. Naval and Military Bible Society.

  13. North American Maritime Ministry Association.

  14. Nederlandse Zeevarendencentrale.

  15. PCT Seamen's Fishermen's Service Centre.

  16. Queen Victoria Seamen's Rest.

  17. Sailors' Society.

  18. Seafarers’ Christian Friend Society.

  19. Seamen's Church Institute.

  20. Seemannsmission der Nordkirche.

  21. Sjömannskirken / The Norwegian Church Abroad.

  22. Stella Maris.

  23. Stichting Pastoraat Werkers Overzee.

  24. Stockholm Seamen’s Mission

  25. Suomen Merimieskirkko.

  26. The Fishermen’s Mission.

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