REGISTERED CHARITY NUMBER: 224856 ort of ihe Trustees and Unaudiied Financial Siaiemenis for Ihe Year Ended i l DeceTnber 2024 for Liv l Marine Enoineers & Naval ArChI¢[S (iuild Johnsione Howell & Co 104 wh11b Road EllesTneTe Port Cheshiie CH65 OAB
Liv l Marine EnqneeT5 & Naval Archiiecis Guild Conients of rhe Financial Siaiements for the Year Ended 31 December ?024 Page Reterence and Administrative Details Report of the Trustees Independent Exarnin&s Report Statement of Financial Adivitie5 Balance Sheei Notes to the Financial SLltements 7 to 12 Detailed Staiement of Financial Aciiviiies 13
Live l Marine Ennineers & Naval Archilecis Guild Reference and Administrative Derails for the Year F.nded 31 December !024 TRUSTEES R J Troop R D Fitzsimmons, Chair J F Pope. Secreiary AR Todd PRif4CIPAL ADDRE&S Guild OtTice: CIO Jatlle5 Troop & Co Ltd 4 Davs Road Asttnoor Industrial Estat¢ Runcorn Cheshire WA7 IPZ REGISTERED CHARITY NLIMBER 224856 INDEPENDENT EXAMINER Johnsione Howell & Co 104 Whirby Road Ellesmere Port Che5hiie CH65 OAB NON-TRUSTEE TREASURER D A Galla£her Page I
Live ol Marine En¢yineers & Naval Architects Guild rt ofthe Tru51ees for the Year Ended 31 December 2024 The trusiees preseni theiT report with the financial ststements of the charity for the year ended 31 December 2024. The trustees have adopted the provision5 of Accountino and Reporting by Charities.. Staiement of Recomlnended Practice applicable to charities preparing their accounts tn atcoidance with the Financial Repolling Standard applicable in the UK and Republic of Ireland (FRS 102) (effeciive l Januarv 2019). OWECTIVES AND ACTIVITIES Objective5 and aim5 The Guild's principal activity is the granting of relief from ihe funds of the Guild and the income arising therefrom lo necessitous and deserving persons connected with the profession of Marine Engineers and Naval Archttects. The Comrnittee decides who are proper subjects for such relief and include the following-. - Members of the Guild, Iheir wives and families. or the widoMs andor families of deceased Tnembers. P¢r50ns who have been engaged as Marine En¥ineei O(ficers in the LiveTpooI and Merseyside Are4 their wives. Wido,5 andlor families_ Persons who are or who have been Consulting Engineers or Naval Architects prdctising in the Liverpool and Merse)'side are4 or their technical staff5, Iheit w"ive5, w'idoiTrs andlor families_ Person5 who have been engaged as Marine Entsineer OIFicer5, their w'ives, widows andlor families in any vessel owned or manaeed b). any rnemb¢r of the Port of Manchesler. or by a Firni or Co¥npony any member or director of which shall be a mernber. Officer% and emplovees of rhe Guild. their wives. widows anit'or families_ SuTpIu5 income may be allocated annuallv lor chariiable pureS deelned suitable by Ihose allendine the ArUal General Meetin¥ wi(h partieular consideration beino 4Jiven to the ossisrance of l.outh in marine relaied education or similar PUTSUits. Significant activities The Charity has continued during the year to give assisthnce 10 anyone who has served in the Marine Engineerino or Naval Archtteciural professions in the Mer5eyside.anCheSter areas or their dependenis in the event that they were experiencin(p serious financtal hardship. Its current and recent aciivilies include provision of regular financial a55lStance to elderly men and woinen, asSi5tanc¢ with nursing home fees and rhe provision of mobility. equipment to those whose afflictions have left them physicallv impaired. Any 5urplu5 income after these needs have been mei is allocated annually 'by the membership for the chariiable promoiion of education. local youth needs and in support of local charitable organisaiions involved in the Tnarine industry. The Charity has whieyed these objeciives during ihe finl¢la1 year under vIeW. It is intended io undertake similar charitable work for the foreseeable furure. Funds will be taised from a mixlure of events combined with membership fees and investment income. The Chatity 15 run and operdted entirelj. by ihe Honorary Office[5. Crantmaking Surplus income may be allocated annually for charitable purposes deemed 5Ult3ble by those attending the Annual General Meeting with particular consideralion being given io the assistance of youth in marine related education or similar pllrsuits. FINANCIAL REVIEW Investment policy and objectii'es The monies for the time being belonging to the Guild may be invested by the Trustees in or upon one or rnore of the Stock, shares or securities following - that is io say-. public stocks or funds, or Government securiiies of the United Kinudom, or upon freehold or chattel, real securiiies in England and Wales. or the bonds, debenwres, or debenture stock, or guaranteed siocK or preference or ordinzry shores. or slock of any corrN)ra(ion, tompanv or public body or authority, municipal, local. commercial or othetWL5e w'ith liberty for the Tntts to vary the investments from time to time for any other investments of the descrÉpiioD authorised. Reserves policy I'he Guild deems all funds to be free funds (unrestriaed fimds) for use in achieving the objectives of ihe Guild. The Trustee5 is that it is prndent to ensure thar there are sufficient funds io provide financial flexibility for ihe development of the Guild. Pa¥e 2
Li l Marine Eiioineers &. Natral Aichitecis Guild of ihi Trusiees for Ehe Tr ear Ended i l D¢ceJnber 10?4 STRL'CTLRE, GOVERNANCE AP4D MA.P4AGEMENT GoTherning documenl The Guild Is an unintOFporaied re81cred Chatilv_ The dnient of ihe Guild is lis "Rules ot. the Guild" {Trii%l Dee(11 as aniended and agrled h) The Charih. CornTnission on l ? Jurte ?Th)) R¢¢rlI¢t and appointmeni of tr115tees .4 iiti%' tiusiec ur Iru51LLS dppoiniEd b! members al an .4[Ual GeneFal Nleeiiiig. UT ai a Special M¢eLin(7 called lor Ili&ll PUTPV5e. The number ol-1ru51L'es shL)uld nth'er be less than artd In the caie of Ihe numbeT becoinino reduced In le%5 Ili&lll nio. a ne%1 Tfuilee 10 bTino thi nurt1"r up lo lilo tnortr shall appoiiiied ai the Ai)nual CieiieTal MLLfino eil lollow"in2 such a redyciion. (>r Special Medin Appioied bj order ot ihe boatd ol lTULeS 1)n ?? Juli':O?i and si¥ned on lis behal1-". J f PopL. SLLfLiat "ITU5iee
Ind deni ExatnineV5 R rt to the Trustees of Lii'e ool Marine En ineers & Naval Archiiects Guild Independent examiner's rert to tbt tru5ttts of Liverpool Msrine Engineers & Naval Architeets Guild I report to the charity. trustees on m}, examination of the accounts of Liverpool Marine Engineers & Naval Architects Guild (the Trust) for the year end£d 31 tk¢emb¢r 20?4. Responsibilities and basis ol pOrt As the charity trustee5 of ihe Trusi you are responsible foT the prepardtion of the accounts in accordance with the requirements of the Charities Aci 2011 (Yhe Act.). I report ITh respect of my examinaiiots of the Trusts accounts carried out under Section 145 of the Act and in caTrying out my examitjation I have followed all applicable Directions given by the Charity, Commission under Section 14515)(b) of the Act. Independent exarniner's statemeTrt I have cornpleted my examinaiion. I confim) that no material mallers have come io Iny attention in connection with the examination tsiving me cause to believe ihat in an!, material respect= accounting records w'ere not kept in respect of ihe Tn1 as required by Section 130 of th¢ Act= or the accountg do noi accord M'ith those records- or the accounts do not compl)" with the applicable requirements concerning the forni and content of account5 set out in the Charities (Accounts and Repons) Regulaiions 2008 other than a¥Ly requirerneni that the accounis give a true and fair view. which is nol a maller considered as part of an independent examtnation. I have no concerns and have come across no other matter5 in connecrion with the examination to which attention should be draw in this report in order to enable a prow understsndit)(T of ihe accounts io be reached. A M Bagnall ' Johnsione Howell & Co 104 Whitby Road Ellesmere Port Cheshire CH65 OAB 22 July 2025 Page 4
Live l Marine Enoineers & Naval Architects Guild Statement of Financial Activities for rhe Year Ended J I tkcember ?024 2024 Unrestricted fid 2023 Total funds Not¢5 INCOME AND ENDOWMENTS FROM Donation5 and legacie5 390 601 Other trading activities Investmellt income ?2.547 23,478 31,906 20,321 Total 46.415 52,828 EXPENDITURE ON Raj5 jn(T fund5 24.072 26,113 CharÉtable activitie5 inancial assistance 30.213 23,023 Other 948 Total 55,233 50,072 Nei gain{lOSSes) on invelttnents (4.929) 17,443 NET INCOMEI{EXPEJ¥DITURE) (13.747) 20,199 RECONCILIATIof4 OF FUNDS Tot&1 ndS brought forward 701.478 681,279 TOTAL FUf4DS CARRIED FORWARD 687,731 701,478 The notes fom) part of ihese financial ststements Page 5
L1er¥01 Mariiie Ez]&Fineers & Naval Archslttts Guild BÈlaTrce Shecl i l December ?074 L.'nresiricied fijnd Total fijnds FIXED A.SSF.TS 76.700 j81.6?9 CL'RRENT ASSETS l)ehini' Caqh ar bank 6.868 104.90? 11.798 108.766 l?O.S64 CREDITORS .4incllllllS lallini due V¢iihin one ear YF.T C.I,'RR£IYT.4SSETS 119.R49 TOI"AL ASSb."I'S LEXS QURRENT LI.4BILITJFS 687.731 701_478 NET ASSETS 687.731 701.478 10 Llnrvslricled funds 687.7)1 701.478 TOT.4L FUNDS 687.7)] 701,418 l-li¥ IiiiJnLial siaienienL8 i*ere appr(}i'L b! rhe Board af Trnsiees and affthorised for i55ue on Jul) ?0:5 and w'ere sji4ied on ils bL'hJlf hi-. J F PO. SecreiarK - Tnts.e The notes for Part tsfthese fiThancial stsiements
Liv l Matine EnfTiT]eers & Naval Architects Guild Note5 to the Financial Staiements for the Year Ended 31 December ?024 ACCOUNTING POLICIES Basis of preparing the finantil 5ttemeNts The financial statements of the charii}'. i*hich is a public benefit entity under FRS 102. have been prepared in accordance with the Charilies SORP IFRS 10?) 'Accoun(ing and Reporting by Charities.. Stsiement of Recommended Prdciice applicable to charities preparing their accounts in accordance with the Financial Reporting Srandard applicable in the LIK and Republic of Ireland (FRS 1021 leffec(ive l January 2019}'. Financial Reporting Siandard 102 The Financial Reponing Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial sraiements have been prepared under the historical cost convention. with the excepiion of investrnents H'hich are included at market value. as modified by the revaluation of certain assets. Ineome All income 15 recoJu ii5ed in the Statement of Financial Aaiviiies once the charity h&% entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabiliiies are recognised as expendimre &5 soon as ihere is a legal or construciive oblioation committing the charitv to thai eypendilure, it is probable that a transfer of economic benefits will be required in settlement and th¢ amount of the obligation can be measured"reliably. Expenditure 15 accounted for on an accruals basis and hai bttn classified under headings thai aggregaie all cosi relaied io Ihe caie(Tot). Where costs cannoi be directly attributed io panicular headings thry have been allocated 10 act)lI]eS on a basis con5lStent with the use of re50urces. Grants offered subject to condit10115 Mthich have not been met at ihe year end date are noted as a CQT)unitment but not accrued &$ expenditure. Taxation The charity is ¢xempt from tax on irs charirable a1vitIes. Fund accounting Unresiricted ndS can be used in accordance with the chaTitable objectives at the di%retion of ihe trustees. Restricied funds can onlv be used for panicular restricied purposes within the obje¢ts of the charity. Restriciions arise hen specified by the donor or lunds are rdised for panicular restricted purposes. Further explanation of the nature and purpose of each Trd is included in the notes io the financial slatements. OTHER TRADING ACtIVlTIES 2024 The annual banquet Annual dinner dance Golf 26,0?3 3,940 1.943 3,770 1.745 22,547 31,906 Page 7 ¢ontinued..
LTV ool Marine En ineers & Naval Archiiecis Cjuild Notes io the Financial Staternents- continued for the Year Ended 31 Decernber ?0?4 INVESTMENT INCOME 2024 2023 Dividends and interest on 5ecuritie5 Deposit account interesi 22.402 1.076 19.583 738 23,478 20,321 RAISING FUNDS Other trading aetivities 2024 2023 The annual banquet Annual dinner daTh¢e Golf 15,188 17,765 3,316 1.077 1.483 20,019 22,158 Investment management eosts 2024 2023 Portfolio managemenl 4,053 3,955 Aggretsate amounts 24.072 26.113 TRUSTEES, REMUNERATION AND BENEFITS There were no irusiees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trusttts, expenses 2024 2023 Tru5tees' expenses 190 198 COMPARATIVES FOR THE STATEMEf4T OF Fif4ANCIAL ACTIVITIES Unrestricted nd INCOME AND ENDOWMENTS FROM Donations and legacies 601 Other trading artivities Investtnent incom¢ 31.906 20,321 Total 52,828 EXPENDITURE ON Raising funds 26,113 Page 8 continued...
Live l Marine Ents7nee & Naval Archiiects Guild Noies to the Fit]ancial Statements - continued ror the Year Ended J l Decelnber ?024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACtIVlTIES- eoDtinued Unrestricted fihnd Charitable actii'itieg Financial assistance 23.023 Other 936 Total 50.072 Nd gains on investments 17,443 NET INCOME 20,199 RECONCILIATiof4 OF FUNDS Toial funds brought fonvard 681.279 TOTAL FUNDS CARRIED FORWARD 701.478 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At l January 2024 RevaIationS 581,629 (4,929) At 31 December 2024 576.700 NET BOOK VALUE Ai 31 December 2024 576.700 At J l December 2023 581,629 Historical cost at 31 DecembeT 2024- £460,791 (2023 - £467.920). 2024 2023 Invesment assets in the UK Investment assets outside ihe UK J46.010 230.680 388,178 193,451 576,700 581.629 Continued...
Live l Marine En¢ytneeTS & Naval Architects Guild Notes io the FinaT]cial Ststements- continued for the Year Ended J l December ?0?4 FIXED ASSET INVESTMENTS- eolltiDued Investtnents exceeding 5tl/o by value of the total wnfolio: 2024 2023 Link Fund Sol Ltd Capita Trojan X Inc Ini'esco Corporate Bond UK Z DIS AHFM Defined Rewms l GBP Inc SPDR S&P US Davidend Aristocrats EFf GBP Nlix]S Inv FDS Lootnis Sayles US Equity Rio Tinto 45,942 44.898 39.541 38.42) 30.850 27.393 43,574 45,799 38,651 35,864 ?2,390 33,884 Cosi or valuation 31 December 2024 is represented by.. Lisied investments Valuation in 2024 576,700 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debto 6.868 11,798 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other crediiors 739 715 10. MOVEMENT Ir4 FUNDS Net movement in funds At 31.12.24 At 1.1.24 Urtre5tTlCted fuDds General fund 701.478 (13.747) 687,731 TOTAL FUNDS 701.478 (li,747) 687,731 Nei movement in fid5, included in the above are as follows: Incolnino resources Resources expended Gains and losses Movement in funds Unrestricted fund$ General fund 46.415 (55.23i) (4,929) (13,747) TOTAL FUNDS 46,415 (55,2J3) (4,9291 (13,747) 10 continued...
Liv l Martne Ell(Fineers & Naval Archiiecis Guild Notes to the Financial Sthtemenis- continued for the Year Ended i l December ?024 io. MOVEMENT IN FUNDS- continued Comparatives for movement in fllnds Net movernent in funds At 31.12.23 A¢i.1.23 Unrestricted fuNd5 General nd 681.279 20,199 701,478 TOTAL FUNDS 681.279 20.199 701,478 Comparative net movement in nds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted lunds General fund 52.828 (50,072) 17,443 20.199 TOTAL FUNDS 52,828 (50.072) 17.443 20.199 A current year 12 months and prKor year 12 month5 combined trfFsilion 15 as follows: Net movement in funds At 31.12.24 At 1.1.23 Unrestricted funds General fund 681279 6,452 687,731 TOTAL FUNDS 681279 6,452 687.731 A current yeor 12 months and prior year 12 months combiTJed net movernent in fi]nds, included in the above are as follow5.. Incornino Resources expended Gains and 1055eS Movement in funds resources Unrestrieted fuDds Generdl fund 99,243 (105,)05) 12.514 6.452 TOTAL FUNDS 99.243 (105.305) 12.514 6,452 Pagell C4)nlinued...
Liv ol Marine En neeTS & Naval Archirects Guild Note5 to the Filtancial Statemcnts- continued foi the Year Ended i l DeceTnber 20)4 RELA TED PARTY DISCLOSURES There were no lated party transactions for ihe year ended J l Detebe[ 2024. Page 12
Live ol Marine EneineeTS & Naval Architects Guild Detsiled Siatemei]l of Financial Activities for the Year Ended J l DeceTnber ?0?4 2024 ?023 INCOME AND ENDOWMEP4TS DonatlOn5 and legacies Donations 390 601 Other trAdirJg activities The atmual banquet Annual dinner dance Golf 17.032 3,770 1,745 26,023 3,940 1,943 31,906 Investment income Dividends and interest on securities Deposit account interest 22.402 1.076 19,583 738 23,478 20,321 Total iMtoming resources 46,415 52,828 EXPENDITURE Other trading aetii'itie5 The annual banquet Annual dinner dance Golf 15,188 17,765 3,316 1,077 1.483 20,019 22.158 ' Investment management costs Portfolio management 4,053 3,955 Charitable activitie5 Grants lo institulions GTants to individuals 7.813 22,400 4,834 18,189 30.213 Other Trnstees, expenses 190 198 Support Costs Finance Bank and oth¢T transaction charges 20 24 GoVernate costs Accountancy and legal fees 738 714 Total resources txpended 55,233 50,072 Net (expenditurevincome (8.818) 2,756 This page does not forni part of the siaru(ory financial statements Page 13