Registered Charlty No. 1190632 THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS BENEVOLENT FUND REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS- BENEVOLENT FUND CONTENTS OFTHE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Ito2 Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Note to the Financial Statement 6tolO THE soaEfY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS- BENEVOLENT FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DE￿MBER 2023 ATI THE CIIAR AT DE￿mBE Registered Office: Unit 5, Prospect House. 7 Ocean Way Southamptcm. S014 3TJ Teleptr￿e: 02380 016494. e-mail:ceo@scmshq.o Bankers: Natwest Bank southampt￿ ￿gh Street Branth 68 Above Bar St Southamptim S014 7DS al Stru The Society of Consultirg Marine Engineers and Ships Surveyors - Benevolent Fund is Charitable Incorporated Or8anisation ul￿er number I19(￿32. The governing snstrument is the Foundati￿ Constitutlon. anisati The governing body of The Society of Consultin8 Marine Engineers and Ship Surveyors- Benevolent fund ICIOI are The Trustees. The Trustees shall manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. It is the duty of each Trustee.. - to exercise his or her powers and to perform his OT her fijnctions in his or her capacity as a trustee of the CIO in the way he or she decides in good faith would be most like[¥ to further the purposes of the CIO: and - to exercise, in the perfomiance of those functtons, such care and skill as is reasonable in the c1rcumstan￿5 having regard in particularto".{al any special knowtedge or experience that he or she has or holds himself or herself out as havin& and {bl if he or she acts as 3 Trustee of the CIO in the course of a business or profession. to any sp@cial knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession. ho served thri the Peter Grindey R￿erjansOn Nicholas Gladwell Patrick Dolb Approved by order of the Councll of the Bene￿Ient Fund on Ilseptember 2024 and signed on its behalf by: Trustee Page I P.(. OoLfjI THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS- BENEVOLENT FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisi￿S of Accounting and Reporting by tharites- Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U K and Republic of Ireland IFRS 1021 leffertive l January 20151. OBJ ECTIVES AND ACtIVlTIES Objectives and aims The objects of the CIO are to promote for the benefit of the public: the relief of poverty amon8St members of the Society and their partners, suNving partners, Immediate families and dependants, including those who may be in need by reason of youth, age, ill-health, disability, financial or other disadvantage- the advancement of the education of the public in the maritime industry, including but not exclusively, through the provision of grants. which may include grants, scholarships. and bursaries for the development or study of maritime-related educational courses; and such other charitable purposes as the Trustees may determine at their discretion from time to timel. which may include particular those which 80 to promote the maritime industryl. Slgnificant Activities The Charity has continued during the year to give assistance to anyone who has been member of the Society or their dependants in the event that they were experiencing serious financial hardship. Its current and recent activities include provision of regular financial assistance to elderly men and women. and the prowsion of mobility equipment to those whose afflirtions have left them physically impaired. There also been a support to other charities in the marine field and the payment has been made to Catzero charity During the year 2021 charity was transformed to ao. The name was kept the same and the charity number is 1190632 FINANCIAL REVIEW Investment pdicy and d>jectives The monies for the time being belonging to the Benevolent fund may be invested bythe Trustees in or upon one or more of the stack. shares or securities following that is to say public stocks or funds. or Government securities of the United Kingdom, or upon freehold or chattel, real securities in England and Wales. or the bond5, debentures, or debenture stock, or guaranteed stocl or preference or ordinary shares, or stock of any corporation, company or public body or authority, municipal. l(xal. commercial. Page 2 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinefs Rep¢>rt Report to the trustee¥l membérs of THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS - BENEVOLENT FUND On accounts for the year ended 31 December 20 Charity no Irf any) 1190632 Set out on pages 10 I re￿rt to the Irustees cn my examination of the accounts of the aix)ve charity llhe Trusfi for the year ended 3111212023. Ro¥ponsibilitie8 and As Ihe Charity trustees of the Tn￿t. you are respM￿sIble for the preparation basis of report ol the attounts in acc￿￿￿ vJith the requirements of the Charib'es Act 20111.the AGr). l ￿port in respect of my examination of the Trusfs accounts carried out under section 145 of the 2011 Act and in ¢orrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515Mbl of the Ad. I have completed my examination. I ￿nfi￿ that no rnaterial matters have .cofne to my attenlion {othei than that disdosed below") in connectK)n with the exAminatM)n which gives me cause to believe that in, any materi81 respect: accounting records vRre not kept in accordance with sects.on 130 of theAd( Ihe a(xxJunts do n¢X wrth the accvunting records Independent èxaminer's statement I have no ￿nCernS and have come across no other matters in connedion with the examinabon to Ythich attention should be drawn in order lo enable a proper understa ding of the accounts lo be reached. . Pleas delet ords in the bfftkets if Ihey do not apply. Signed." 1010912024 Name: Krem neva Relevant professional qualification