# # # ## ## ## ## ## |Trustees|||Captain
H J Conybeare|Captain
H J Conybeare|(Chairman)|(Chairman)|||| |---|---|---|---|---|---|---|---|---|---| ||||Mr M Burrow (Ex-officio|||Chairman|HCMM|Finance|S.Risk Ctte)| ||||Captain
D Chadburn|(Ex-officio Master HCMM from 1May 2020to 1 May|||||| ||||2021,appointed 1May||2021)||||| ||||Commander
LChapman|||(Ex-officio Master HCMM|||from 1May| ||||2021to 1May 2022)||||||| ||||Captain J Hughes
(resigned 1May||||2021)||| ||||Captain
J K Mooney (Ex-officio Chairman|||||Education|and| ||||Training Committee)||||||| ||||Captain
N Rodrigues|(Almoner)|||||| ||||Commander
P Aylott||||||| ||||Captain
R Barnes||||||| |Registered||Charity Number|1172234||||||| |Administrator|||Honourable
Company|ofMaster Mariners|||||| ||||HQS Wellington||||||| ||||Temple Stairs||||||| ||||Victoria Embankment||||||| ||||London
WC2R 2PN||||||| |Principal|Office||HQS Wellington||||||| ||||Temple Stairs||||||| ||||Victoria Embankment||||||| ||||London
WC2R 2PN||||||| |Auditors|||Knox Cropper
LLP||||||| ||||65 Leadenhall
Street||||||| ||||London
EC3A 2AD||||||| |Bankers|||CAF Bank Ltd||||||| ||||25 Kings Hill Avenue||||||| ||||West Mailing||||||| ||||Kent ME194JQ||||||| |Investment||Managers|Smith &Williamson||||||| ||||Investment
Management||||||| ||||25 Moorgate
London|EC2R 6AY|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||0I-|0I-||LA|LA|||00
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I-| ## ## ## ## ## ||||||||Notes|2021|2020| |---|---|---|---|---|---|---|---|---|---| |||||||||f|f| |Cash Flows from Operating
Activities|||||||||| |Net Cash provided
by (used in) Operating|||Activities||||A|(191,384)|(140,041)| |Cash Flows from Investing
Activities|||||||||| |Dividends
and Interest||||||||85,110|69,577| |Proceeds from Sale of Investments||||||||1,014,703|1,765,051| |Purchase of Investments||||||||(682,429)|(1,695,064)| |Investment
Management
Fees||||||||(22,812)|(19,968)| |Movement
in Cash at Investment|Managers|||||||(66,925)|40,249| |Net Cash provided
by (used in) Investing Activities||||||||327,647|159,845| |Change
in Cash and Cash Equivalents||in the|Reporting|||Period||136,263|19,804| |Cash and Cash Equivalent
atthe beginning
ofthe|||||Reporting||||| |Period||||||||36,666|16,862| |Cash and Cash Equivalent
at end ofthe Reporting|||||Period|||f172,929|f36,666| |A.
Reconciliation
of Net Income/(Expenditure)||||to net||cash flow|||| |from Operating
Activities|||||||||| |Net Income/(Expenditure)
for the||Reporting||Period||||546,940|128,235| |(Gains)/Losses
on Investments||||||||(655,815)|(235,654)| |Decrease/(Increase)
in Debtors||||||||(2,207)|1,083| |(Decrease)/Increase
in Creditors||||||||(13,184)|22,740| |Dividends
and Interest||||||||(90,532)|(76,413)| |Investment
Management
Fees||||||||23,414|19,968| |Net Cash provided
by (Used in) Operating|||Activities|||||f(191,384)|f(140,041)| |B. Analysis ofchanges
in net funds|||||||||| ||||||||||At| |||||||At 01/01/2021||Cash flows|31/12/2021| |||||||f||f|f| |Cash at bank and in hand||||||f36,666||f136,063|f172,929| ## ## ## ## ## ## ## # ## ## ## ## ## ## |vestment
Income||| |---|---|---| ||2021|2020| ||Total|Total| ||f|f| |Dividends|90,358|76,301| |Bank Interest|174|112| ||f90,532|f76,413| ## |nalysis ofCharitable
A|ctivities|||| |---|---|---|---|---| ||||2021|| |||Unrestricted|Restricted|| |Direct Costs||Fundsf|Fundsf|Totalf| |Grants and Awards||||| |Grants to Individuals||49,092|26,016|75,108| |Grants to Organisations
HCMM Journal|(Note 10)|1,980|77,728
11345|79,708
11,345| |||51,072|115,089|166,161| |Library Works|||15,680|15,680| |Support Costs (Note 3.a)||16,335
f67,407|f130,769|16,335
f198,176| ||||2020|| |||Unrestricted|Restricted|| |Direct Costs||Fundsf|Fundsf|Totalf| |Grants and Awards||||| |Grants to Individuals||63,167|64,690|127,857| |Grants to Organisations|(Note 10)|2,200|11,074|13,274| |HCMM Journal|||8,717|8,717| |||65,367|84,481|149,848| |Support Costs||15,557
f80 924|f84,481|15,557
f165,405| |Support Costs|||2021
f|2020
f| |Management
Fees - HCMM|||12,000|12,000| |Other|||563|93| |Governance
Costs|||3,772
f16,335|3,464
f15,557| ## ## ## ## ## ## |||2021|2021| |---|---|---|---| |Market Value||f|| |At 1stJanuary
Acquisitions
and accumulated
Disposals
Gains/(Losses)
on investments
At 31st December|incom~|5,012,599
687,138
(981,718)
622,830
f5,340,849|4,840,096
1,701,900
(1,765,051)
235,654
f5,012,599| |Investments
at Market Value||5,340,849|5,012,599| |Cash with Investment
Managers||71,930
f5,412,779|5,005
f5,017,604| |Historic cost of investments||f3,618,148|f3,792,407| ## ## |Debtors|||| |---|---|---|---| |||2021|2020| |||f|f| |Due from HCMM||2,207|| |Sundry Debtors||880|167| |||f3,087|f167| |reditors: Amounts|Falling Due Within One Year||| |||2021|2020| |||f|f| |Due to HCMM|||11,453| |Other Creditors||1,272|1272| |Accruals and Deferred Income||26,682|27,811| |||f27,954|f40,536| ## ## ## ## ## ## |estricted
Funds|||| |---|---|---|---| |||2021|2020| |||f|f| |Balance at 1stJanuary||1,658,614|1,640,861| |Income||31,686|26,745| |Expenditure||(138,964)|(91,470)| |Gains on Investment|Assets|229,535|82,478| |Balance at 31stDecember||f1,780,871|f1,658,614| ## ## ## ## |t Assets By Fund|||| |---|---|---|---| ||Unrestricted|Restricted|2021| ||Fund|Fund|Total| ||f|f|f| |Investments|3,518,306|1,894,473|5,412,779| |Net Current Assets/(Liabilities)|261,664|(113,602)|148,062| ||f3,779,970|f1,780,871|f5,560,841| ||Unrestricted|Restricted|2020| ||Fund|Fund|Total| ||f|f|f| |Investments|3,261,443|1,756,161|5,017,604| |Net Current Assets/(Liabilities)|93,844|(97,547)|(3,703)| ||f3,355,287|f1,658,614|f5,013,901| ## ## ## ## |ants ToOrganisations||||| |---|---|---|---|---| ||||2021|2020| ||||f|f| |Honourable
Company ofMaster||Mariners|60,000|| |London Nautical School||||582| |Ocean Youth Sailing|Trust||7,000|| |Portsmouth
Harbour|Marine||4,000|| |Royal Liverpool Seaman's Orphan||Institution|1,980|2,200| |Sea Cadets Aberdeen|||1,000|1,000| |Sea Cadets Hull|||1,000|1,000| |Sea Cadets Newport|||1,000|1,000| |Sea Cadets Sefton|||1,000|1,000| |Sea Cadets Southampton||||5,000| |Sea Cadets York|||2,000|| |Thames Traditional|Rowing Association||728|1,492| ||||679,708|613,274| ## ## ## ##