2020-12-31-accounts - Liverpool Marine Engineers' And Naval Architects' Guild

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Contents ofthe Financial Statements
for the Year Ended 31 December 2020

				2020	2019
				Unrestricted	Total
				fund	funds
			Notes
INCOME AND ENDOWMENTS		FROM
Donations and legacies				359	4,486
Other trading activities				8,815	39,933
Investment income				17,649	25,873
Other income					536
Total				26,823	70,828
EXPENDITURE ON
Raising funds				4,768	36,336
Charitable activities
Financial assistance				21,112	26,250
Other				2,037	4,352
Total				27,917	66,938
Net gains/(fosses) on investments				(26,302)	46,177
NET INCOME/(EXPENDITURE)				(27,396)	50,067
RECONCILIATION	OF FUNDS
Total funds brought	forward			676,548	626,481
TOTAL FUNDS CARRIED FORWARD				649,152	676,548

	Balance Sheet 31 December 2020
		2020	2019
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Investments		584,898	614,435
CURRENT ASSETS
Debtors		491	398
Cash at bank		64,393	62,525
		64,884	62,923
CREDITORS
Amounts falling due within one year		(630)	(810)
NET CURRENT ASSETS		64,254	62,113
TOTAL ASSETSLESSCURRENT
LIABILITIES		649,152	676,548
NET ASSETS		649,152	676,548
FUNDS	10
Unrestricted funds		649,152	676,548
TOTALFUNDS		649,152	676,548

			Notes	to the Financial	Statements - continued	Statements - continued
			for the Year Ended		31	December 2020
3.	INVESTMENT INCOME
						2020	2019
	Dividends and interest on securities					17,597	25,747
	Deposit account interest					52	126
						17,649	25,873
4.	RAISING FUNDS
	Other trading activities
						2020	2019
	The annual banquet						22,938
	Annual dinner dance					72	6,409
	Golf					749	2,839
						821	32,186
	Investment management		costs
						2020	2019
	Portfolio management					3,947	4,150
	Aggregate amounts					4,768	36,336
	TRUSTEES' REMUNERATION			AND BENEFITS
	There were no trustees'	remuneration		or other benefits		for the year ended 31 December 2020 nor for the year
	ended 31 December 2019.
	Trustees' expenses
						2020	2019
	Trustees' expenses					1,225	2,278
6.	COMPARATIVES FOR		THE STATEMENT OF		FINANCIAL ACTIVITIES
							Unrestricted
							fund
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies						4,486
	Other trading activities						39,933
	Investment income						25,873
	Other income						536
	Total						70,828
	EXPENDITURE ON
	Raising funds						36,336

	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIV	ITIES - continued
				Unrestricted
				fund
	Charitable activities
	Financial assistance			26,250
	Other			4,352
	Total			66,938
	Net gains on investments			46,177
	NET INCOME			50,067
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		626,481
	TOTAL FUNDS CARRIED FORWARD			676,548
7.	FIXEDASSET INVESTMENTS
				Listed
				investments
	MARKET VALUE
	At 1 January 2020			614,435
	Additions			16,766
	Disposals			(21,191)
	Revaluations			(25,112)
	At 31 December 2020			584,898
	NET BOOK VALUE
	At 31 December 2020			584,898
	At 31 December 2019			614,435
	Hist&a i&ral c&st at 31 De&embe&'7020 - f494,554 (2019 —0500712)
			2020	2019
			6
	Investment assets in the UK		432,888	436,249
	Investment assets outside the UK		152,010	178,186
			584,898	614,435

Investments	ex	ceeding 5%by va	lue ofthe total portfolio;
					2020	2019
					f.
Invesco Corporate Bond					53,204	50,847
Link Fund Sol		Ltd Capita Trojan	XInc		39,393	36,795
Gemcap - AHFM Defined Returns Fund IGBPInc					34,419	35,612
Rio Tinto					31,726
Ishares II PLC					31,682
International	Public Partnerships				31,487	30,858
DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
					2020	2019
Prepayments					491	398
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					2020	2019
Other creditors					630	810
MOVEMENT		IN FUNDS
					Net
					movement	At
				At 1.1.20	in funds	31.12.20
Unrestricted	funds
General fund				676,548	(27,396)	649,152
TOTAL FUNDS				676,548	(27,396)	649,152
Net movement		in funds, included	in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted	funds
General fund			26,823	(27,917)	(26,302)	(27,396)
TOTAL FUNDS			26,823	(27,917)	(26,302)	(27,396)

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		70,828	(66,938)	46,177	50,067
TOTAL	FUNDS		70,828	(66,938)	46,177	50,067

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		97,651	(94,855)	19,875	22,671
TOTAL	FUNDS		97,651	(94,855)	19,875	22,671

		Detailed	Statement ofFinancial Activities
		for the	Year Ended 31 December 2020
				2020	2019
					8
INCOME AND ENDOWMENTS
Donations and legacies
Donations				359	4,486
Other trading activities
The annual banquet				8,355	33,285
Annual dinner dance				460	4,272
Golf					2,376
				8,815	39,933
Investment income
Dividends and interest on	securities			17,597	25,747
Deposit account interest				52	126
				17,649	25,873
Other income
Other income					536
Total incoming resources				26,823	70,828
EXPENDITURE
Other trading activities
The annual banquet					22,938
Annual dinner dance				72	6,409
Golf				749	2,839
				821	32,186
Investment management	costs
Portfolio management				3,947	4,150
Charitable activities
Grants to institutions					2,250
Grants to individuals				21,112	24,000
				21,112	26,250
Other
Trustees' expenses				1,225	2,278
Support costs
Management
Postage and stationery				92	546
Sundries				90	705
				182	1,251

			Detailed Statement ofFinancial Activities
			for the Year Ended 31 December 2020
				2020	2019
Management
Finance
Bank charges					13
Governance	costs
Accountancy	and legal fees			630	810
Total resources	expended			27,917	66,938
Net (expenditure)/income			before gains and
losses				(1,094)	3,890
Realised recognised		gains and losses
Realised gains/(losses)		on fixed asset investments		(1,190)	(981)
Net (expenditure)/income				(2,284)	2,909