REGISTERED CHARITY NUMBER.. 224856 Re ort of the TSLe and Unaudiied I'-inancial slemCn15 for the Year Lndcd 31 December 2023 ror Live ool Marine En incers & Naval Archilec15 Guild JOhnsne Ilowell & Co 104 Whitbv Road Ellestncrc Port Chcshirc C1165 OAB
Live l Marine En(Tinc£rs & Naval Archiiecis tiuild Conienis ofthc l.-inancial 8iatcmcnts for Èhe Year Ended J l Decembcr 2023 Page Repon of the TThstee5 Indepcndent Examiner's Rewrt Staterncnt of financial Actiyiiies Balancc She¢t Noies to the Financial Statements Detailed Statcrncnt of financial Aciivities 12 10 13
Liv ool Marine En incers & Naval Architects Guild Re rt of the Trustees for the Ycar r.nded ) I tkcember 202J 'rhc Irustee5 prcscnt thcir report with thc finanetdl stalcm¢nts of ihe charily for the vear endcd 31 1)ecLmber 202). 'I'he trusl¢¢s hdve adoptcd th¢ provisions of Accouniing dnd licporting by Charitlcs.. £thment uf Rccomin¢nded l)rdCtice applicable io chaiitics pr¢paring iheir accounls in accordancc with the Financi31 Rcportino Standard applicable in ihe UK dnd Rcpublic of Ireland {I-'KS 102) (ettective l January 2019). OBJECTIVF.S AND ACTIVITIES bjectlVC5 and aims The Guild's principal activity is the graniing of relief from the funds of the Guild and thc income arising therefrom io necessitous and deserving persons connccied with the profcssion of Marine Engineers and Naval Architccts. -l-hc Commillcc decidcs who are pn)per Sbj¢c¢S for such reliefand includc ihe following.. Membcrs of thc Guild. their wives and familics, or thc widows andlor familics of deceased mcmbcrs. l)crsons .hO havc been engagcd as Marinc l--nginccr oificcrs in ihe l.iveTpooI and Mcrseyside Area, their wives, widows andlor familics. Persons who arc or who hav¢ been Consultinu F_ngincers or Naval Architects prdctisinu in thc Liverpool and Mersevside area, or their technical 5tafY5. their wi¥'e& widows andlor families. I'ersons who havc bccn engaged a5 Marine r.nginecr Otricet5, thcir M'ives. widows andJlor families in any vessel owncd or managed by an J mcinbcr of ihc Port of ManChesr. or bv 3 firni or Company any mcmber or dircctor of hiLh shdll bc a membcr. Otficers tind etnployces of ihc Guild. Ihcir wivcs. th'idows dndfor families. Surplus incomc may bc allocaie<f <innually' for chariiablc putp(15cs dccmcd suiublc by thos¢ allcnding the Annual (iencrdl Mcciing wilh particular considcraiion bcing Olen io Ihe assistance of youth in marinc rclalcd cducalion or Sitnilar pursuits. Significant activitics 'I'hc Lhdriry has continued during the year io givc assistance to anyone h0 has served in the Marinc F.nginccrino or Naval Architectural professions in the MerseysidclManchesLcr areas or iheir depEndcn(s in the cvcni that ihey wer¢ eypcriencing serious financial hardship. Its current and r¢ccnl aciiyiiies includc provision ofrcgulai financial assistance lu clderlv men and wutncn, assi51ancc H'ith nursino homc fccs and thc provision of mobilily equipmen( io ihosc whosc afflictions have l¢ft them phvsicall} impaircd. surplu5 income after ihcse needs have been mct is allocaled £innu<211y bs Ihe membership lor ihc charii<iblc protno¢ion of cducation. local youih nccds and in support of local chariiable organisdlion5 involvcd in the marine induslry. -l-hc Charitv hds achicvcd Èhcs¢ objectivcs dursng the financial Vc1 under review. li is inlcndcd io uiidcrtake 5imilai charitable work for ihc forcsceablc fuiurc. Fund5 will bc raised from d rnixlurc of events combincd with membership fees and investment income. The Charity is rnn and opetaied enlircly by the Honorary Officers. Grantmaking Surplus income tnay bc allocated annually for charitablc purposes deemed suitable by those attending thc Annual (Jencial Meeiing with P<lrticular considcrdiion beino givcn 10 the assistsncc of youth in marine reldled education or similar pur%uiis. b-INANCIAL REVIF.W INvcstment policy and objcctive5 The monies for the tiinc being tloning io the build may be invcstcd bv the "I rusiecs in or upon onc or more of (he stock, shares or securitie5 folloM-in( thdt is to sa},: public S[kS or funds, or Govcrnment see(]eS of thc Llnited Kingdom, or upon frcehold or chattel. rcal securi(ie5 in England and Wales. or the bonds, debcntures. or debcnturc stock, or guaranieed Siuck, or prefcrence or ordinary shares. or stock of any corpordtion, company or public body or authorit}, municipal, local, commcrcial or oihcrwisc w'ith lirtY for ihe Tntstecs lo vary the investtnents froin tiinc to time for any other investmenis of thc dcscriplion auihorised. Rescrics policy 'I'he Guild deems all fund5 to bc frcc funds {unrcslriclLd funds) for usc in achicving ihe objeclivcs of the Guild. 'l-hc Tru5tces vic. is that il is prudenl tv cnsure thai ihcre arc 5uificieni funds io provide fIn2llcial flcxibiliiy for the development ofthc Guild. Page I
1.1vcl Klarin¢ I".nuinccrs & Naval Architccts (iuild on ofihe Trusiees ror the Year Endcd 31 Decernbcr 202i STRUCTURE, GOVERYI ANCE AND MAIYAGEMENT (iovcrning documcnt Thc Ciuild is an unincorporated reui5tered Charity. The uoverning documeni of the Guild is its 'Rulc5 of the Guild" ('I'rusi Dced) as <tmcnded and agrced by The Charity Commission on 12 June 2002. Recruitmellt and appotntment of new Iru5tees A nL w. trustee 01 Irusiees tnay b¢ appointed by tncmbers ai an Annual Gencral Mccling. or ai a Spccial Mceling called for that purposc. -I'he number of trusiees should never bc lcss ihan Iwo and in ihc case ufthc numbcr becoming reduced lo Ics% than t0, a neiv iiustec to bring the number up to (wo or more shall be appointed at th¢ Annual General Meeting DCXI following such a reduction. or by Special Meeting. RF.FF.RENCF. AND ADMINISTRATIVE DF.TAILS Regislered Charilv numher 224856 Principal addr¢ss CJuild ()ffiLL.. CIO Jarnes Troop & Co l.td 4 1)avv koad Astmooi Industrial E5tatc Runcorn Cheshirc WA7 IP7 Trustces RJ'ITOOP R l) l il/.simmon5, Chair D A Gallaoh¢r, 1 reasurcr J I.. l)npe, ScLretary A K'l'odd Independent F.xamÉner A IM Bagnall Johnstonc Howell & Co 104 Whitbv Road Ellcsmcrc Port Chcshirc CF165 OAt4 Approvcd by ord f.rfe board oftru5tces on 29 August 2024 and Si]¢d on its bchalf by.. R J '[ roop- 1 rustee Page 2
Indc ndcni I:xamine¢5 Rc rt io ihe TTUSt¢C5 of Livc ol Marine F.nuinccrs & Naval Archiiects tiuild Ind¢pendcllt cxaminer's report to the trustee5 of Lii'erpool Marine F.ngine¢rs & Naval Archilecty Guild I report to ih¢ charity tiustecs on mv exdinination of ihc aeeounts of l.iNerpool Marine F.ntsineeis & Naval Archilccts Guild (the Trust) for rhe year endcd 31 DcceTnber 2023. Rcsponsibilitics and basRs of report As (he charity trustees of ihe 'frusi }'ou are ie5ponsiblc for the prepardtion of the accounts in accordanc¢ wilh the requirLments of the Charitie5 Act 2011 (Ihe Actj. I report in respect of mv cxamination ofthc"I'rusi's accounts carried out under Scciion 145 of ihe Aci and in carrying oui my cxaminaiion I hltve folloH'cd all applicablc I)Ire10n5 given by ihc Chariiy Cotnmi55ion under Seeiion 145{51(bl or the Aci. Indcpendent examiner's statement I havL cumplcted mv cxaminalion_ I confirni thai no maierial maiicrs have come io my aiicnlion in conneciion with thc examination Diving mc cause to bclicvc that in any material respect: <iccounring tccord5 werc noi kepi in respcct of thc Trusi a5 requircd b) Seciion 130 of thc Aci- or the accounts do not accord with ihosc recuFds- or the acLounts do noi cotnply w'ith Ihe applicable rcquiremcnts concerninE the fom) and contenl of accounts sel out in the Charities {Accounts and Report51 K¢gulations 2008 other ihan any rcquiremcni ihai the accounts givc a true and fair view which is noi a matter considcrcd as part of an it]depcndenl examinalion. I hav¢ no conceTns and have comc acr055 no other mairS in conncction with the examination to which attention should bc drawn in ihis report in ordcr to enable a prOTr understanding of the accounts io be rcachcd. A M 13agnall Johnsl(Inc Ilowcll & Lo 104 Whiiby Road F.Ilcsmere POTI Chcshirc CI165 OAB 29 August 2024 Page 3
Live l Marine r.n inccrs & Naval Archiiect5 Guild Siatctnent of Financial Acti71]eS for ihc Ycar Ended i l Dcccmber 2023 2022 Unre5lricled f)Jnd Total funds Notes INCOMTr. AND ENDOW.MEPiTS FROM Donations and legacies 601 10,251 Othcr trading activities Investment incomc iI,906 28,578 20,671 Total 52,828 59,500 F.XPF&NiDITURE O Eiai5ing funds 26,113 25,900 Charitable activiti l. inancial assisiancc 23,023 25,400 Other 936 1.063 I'otal 50,072 52,i63 Nct gain110$Se$) on investmeRt5 17,443 (19,8531 NF.T INCOMF.I(F.XPENDITURE) 20.199 (12,716) RF.CONCII.IATI()P4 OF FUNDS 'roial funds brought fotward 681,279 693.995 I'OTAL FUNDS CARRIED FORWARD 701.478 681,279 The notes forni part of these financial stsicmcnts Pagc 4
I.ivc l Marine Ln ineets & Naval Architects Guild Balimce Shcct 31 December 2023 2023 Unrestrictcd fund 2022 'rotal funds Noies FIXED AS.SETS Invcstmenis 581,629 564,186 CURRF.NT ASSF.I'S l)ebt015 Cash at bank 11,798 108,766 2,850 114.922 120.564 117,772 CREDITORS Amounts falling due within one year (715) 1679) NF.T CURRF.NT ASSD:TS 119,849 117,093 TOTAL AS,SF.TS LF.SS CURKEINT LIAIIILI'fiES 701,478 681.279 NET ASSF.TS 701,478 681,279 10 lJnrcstiicled ndS 701.478 681,279 TOTAL FUNDS 701,478 681,279 Thc financial statements were approved by the Board of TnJMees and authoriscd for issue on 29 August 2024 and were SIUFned on its bchalf bv.. op -'I'rustee 'l-hc notes forn) pan of these findncidl 51diements
Liv l Marine E.noineers & Naval Architecis Guild Notes to the financial Stateinents for the Ycar Lnded J l December 2023 ACCOUNTING POLICIF.S Ba515 of preparing th¢ fioancial statements 'I'he financial statctncnt% of the charity, which is a public bencfjt cntity under fRS 102, havc been prepared in accordance wilh thc Charities SORP (FRS 102) 'Accounling and Keportin by Charitics.. Statcincnt or Recommended Practice applicable to charities preparing their accounts in accordance i¥'iih the l.'inancial Reporting Standard applicable in the UK and Republic of Ireland {PRS 1021 (ettcctivc l January 2019).. l.'inancial Reporting Siandard 102 7.hc Financial Reporting Siandard applicable in ihc UK and Rcpublic of Ircland, and the Charitics Aci 2011. The flnancial statcments have been prcparcd undcr the historical cosi convention, w'ith thc CKCCPtion of invesimcnis which arc includcd al markei Vdlue. a5 modificd by thc revaluaiion of cenain asseis. Income All incotne 15 rccoanised in th¢ Stsiemeni of Financial Activilies once ihc chariiv ha5 entitlctthcnt to the funds. it is probable that the income will bc receivcd and the amouni can be measured rcliably. Expenditure l.iabilities are recognised a5 expcnditurc as soon as there is a leual or constructive oblioalion committing the charsty to that cxpenditure. il 15 probablc that a Iran5fer of cconomic benefit5 will bc rcquired in setileTncnt and Ihe amL¥unt of thc obligation can be measured reliabl}. Expcnditurc is accounicd for on an accruals b&&is and has bccn classified undcr heading5 thai a0 egate all cost rclaied io the catcgory_ Whcrc costs cannot be dircctly aiiribuied io particular hcadings thes. hd&e bcen allocdtcd io aciii'iiics on a basi5 consislenl M'iih ihe usc of rcsources. (irants offered subjcct to conditions which have not bccn met ai the ycar cnd date are noted as a commitTncnt but nol accrued as expenditure. Taxation 'rhe charity is cxcmpt from tax on lis charitable 3clivities. Fund accounting Unrcsiricicd funds can bc used in accordance wilh the chariiable objcciives at thc discretion of the irustees. Reotricted funds can only bc used for particular resiricied purposes within the object5 of thc charity. Restrictions aii5c whcn spccified by the donor or whcn fvnds are rdised for particular restricicd PUTP05CS. Further explanation of ihe nature and purtx)se olwach fund is includcd in the noies to ihe financial siatements. OTHF.R TRAD1Tr4G ACTIVITIF,S 2023 2022 'rhe annual banquet Annudl dinncr dance Ciolf 23.466 i,145 1,967 3,940 1.94i 31.906 28,578 Page 6 continued...
Livc l Marine In ineers & Naval Archttccts Guild Not¢s io ihe Financial Staicments- tonlinucd for ihc Ycar Ended 31 tkccmber 2023 INVESTMF.NT INCOMF. 2023 2022 Dividcnds and in(erc5t on 5ccurities Deposit account interesi 19,583 738 20,594 77 20,321 20,671 MAISING FiiNDS Other tr2ding activilics 2022 The annual banquei Annual dillner dancc CJolf 17,765 3.316 1,077 15.726 4,131 1,985 22,158 21,842 Investment man#gcJnent costs 202) 2022 Portfolio managemeni 3.955 4,058 Aggregaie amounts 26.113 25,900 TRUSTEF.S' Rb.MUNF,RATION AND BLNTr.blTS There werc No trustees. remunerdtion or othcr bcnefiis for ihe year Cndcd 31 December 2023 nor for ihc year ended 31 Dcccmbcr 2022. Trustces, expenses 202i 2022 '[ rusiees. expcnscs 198 385 COMPARATIVES FOR THE STATEMENI T OF FINANCIAL AcfiviTIES Unreslricied rund INCOMF. AND ENDOWMF.P4"TS FROM 10,251 Other trading aciivitics Inkestment incumc 28.578 20.671 Total 59,500 EXPF.NDITLRF. ON Raisin£ funds 25.900 continued...
Live ¢)ol Marinc Enoinee15 & Naval AichitCCl5 Guild No ¢% to the l-.inancial Siatcmcn(s- continued foi Ihc Ycar l.ndcd 311)ecember 202) COMPARATIVES FOR THE STATF.MF.f+4T OF FINANCIAL ACTIVITIES- eoThtinued Unrestrictcd fund Charitablc activitics l.-inancial assi5tsncc 25,400 Other ,063 Total 52.363 Net gainsl(1055C5) on inv¢slmenis (19,853) NF.T INCOMF.I{F.XPF.NDITURF.) {12,716} RECONCILIATIOIN4 OF FL.NDS -[ olal funds brOght forward 693,995 TOTAL FUNDS CARRIF.D FORWARD 681,279 TrIXED ASSF.T INVF.STMF.NTS Listed investments MARKF,T VALUE At l January 2023 Revaluations 564,186 17.443 At 31 December 2023 581.629 NF.T BOOK VALUF. At 31 1)ccember 202i 581.629 At 31 Dccembcr 2022 564.186 l.listorical cost at 31 December 2023 - £467,920 (2022- £471,157). 202i 2022 Investment assets in the UK Investmcnt ass¢t5 outside the UK 388,178 193.451 i78,314 185.872 581.629 564,186 conlinued...
Live l Marine l-.n ineers & Naval Archilects Guild Notes 10 ihc financial sMents - continued for th¢ Year F_nded l Dccember 2023 FIXED AS.SF.T IYVES-I-MF.NTS- continued Investments exceeding 50/• by value of the tothl tM)nfolio: 2023 2022 Ini'esco Corporate Ilond UK Z DIS Link l-.und Sol l.td Capita I rojan X Inc Al11.'M Defincd Reiurns l GBP Inc %PI)K %&P LIS Dividend Arisiocrdt5 1-.1.-I' G13P Rio-l'into 45,799 43,574 38.651 35,864 3),884 42.746 42.524 35.325 i8.039 Cost or valuation at 31 Decetnbcr 2023 is represenied by= l.istcd inveslTnenis Valuation in 2023 581,629 DF.BTORS: AMOUNTS FALLINC. DUF. WITHIY ONE YEAR 2023 2022 'I'rade debtor5 11,798 2.850 CREDITORS: AMOiiNTS Tr"ALLING DUE WITHIN ONE YF.AR 2023 2022 Oihcr crcditors 715 679 10. MOVF.MENT IN Tr"UNI)S Nct rnovement in funds Al At 1.1.23 Unrc5tricted fund5 (ienerdl lund 681,279 20,199 701,478 TOTAL FUND. 681,279 20,199 701,478 Net movcment in fvnds, included in the abovc arc as follows= IneomiDg resources Resourccs cxp¢nded Gain5 and Iossc5 Movemenl in funds Unrcstricted funds Qteneral lund 52,828 (50,0721 17,443 20,199 TOTAL FUNDS 52,828 (50.072) 17,443 20,199 Page 9 continued...
Live ool Marinc r.n ineers & Naval ArLhilccis Guild Notcs io thc financial Siaieinvnis- coniinued for il)c Year LndLd 31 t)CCCTnbcr 2023 MOVEMENT IN FLNDS- continued Comparatives for movement in funds Ne( tnoi'emcni in funds At il.12.22 At 1.1.22 Unrestricted lund5 GeRcral fund 69i,995 (12,7161 681,279 TOTAL FUNDS 693.995 (12,716) 681.279 Comparative net movcment in funds, includcd in ihe above are as follow5= ITrcoTnillO Rcsourccs expcndcd Movcmcni in fund5 resources 105SCS Unrestrieted funds CIeneral fund 59.500 (52,363) (19,8531 {12,716) TOTAL FUNDS 59.500 152.J6J) (19,853) {12,716) A currenl yedr 12 months and prior )'car 12 months combincd position is as follows.. Net moi'emLni in funds At 31.12.23 At 1.1.22 Unrestrieted funds Gcncral fund 693.995 7.483 701.478 TOI'AL FLTNDS 693,99% 7,483 701,478 A current jear 12 months and prior )'eat 12 months combined nct movcmcni in funds, included in ihe above are follows= Incoming resource5 Resources expended Gains and losses Movement in funds Unrestricted funds Gencral fund 112.i28 (102,435) (2.410} 7,483 TOTAL FUNDS 112,328 (102.4i5) (2,4101 7,48i Pagc 10 continued...
Live ool Marine F.ntiineers & Naval Architccts Guild Notcs to the Finantial Sialcmcnts- continued for the Ycar kthded J I tkcembcr 2023 RELATED PARTY DISCLOSURF.S There were no related party transaciions for the year cnded 31 DeceTnbcr 2023. Pagcll
Livc ool Marine F.noinccrs & Naval Itrchiiccis (yuild Detsiled Staiemcnl of Financial Aciivitics for thc Y¢ar k.nded J l Dcccmbcr 2023 2023 2022 INCOME AND F.NDOWMENTS l)onalions legacies Don8tion5 601 10,251 Other trnding activities 'I'hc annual banquet Annual dinner dance (tolf 26.023 3.940 1,943 1,967 31,906 28,578 Inveslment intoe Dividcnd% and intcrcsl on securitics Deposit account interest 19,583 7i8 20,594 77 20,321 20,671 I'otal ineoffling resources 52,828 59.500 LXPEINDITURF. Other trading activities 'rhc annual banquct Annual dinncr danec Cjoir 17,765 i,316 1.077 15,726 4,131 1.985 22.158 21,842 ' Invcstmcnt management costs Portfolio manatiemcnt 3.955 4.058 Charitable activities (iranls to institutions Grants lo individuals 500 24,900 18.189 23,023 25,400 ()ther I'rusiees, cxpcnscs 198 385 Support Costs Finance Ilank and other trdnsaction charges 24 Governancc costs Accountancy and Icgal fces 714 678 Toial resourccs expended 50.072 52,36i Net incomc before gains and losses 2,756 7.137 This pagc does fotm part of the statutotv financial s(aieTnents Page 12
l.averpool Marine l.n inccrs & N¢ival Archiiccts Guild Delailed Statcment of l-inancial Activilics for the Year Endcd 31 December 2023 2023 2022 Rcalrscd reco£ni5cd gains and losses Realiscd U<iinsJ '110ssLs1 on fixed assct IllVe5tments 1,416 Net incoTNC 2.756 -rhis pagc docs noi forn) part of ihe StstsEiory financial sthicmcnts Page 13