WORLD SHIP SOCIETY LTD.
The main activities of the World Ship Society are advancing and supporting interest in, understanding of, study of, and research into ships, shipping and related matters.
Objects
TO AROUSE, STIMULATE AND MAINTAIN INTEREST IN SHIPS, SHIPPING AND RELATED MATTERS AMONGST THE GENERAL PUBLIC; TO PROMOTE UNDERSTANDING OF THESE SUBJECTS AND THEIR RICH HERITAGE BY COMPILING, PUBLISHING AND PRESERVING RECORDS AND ILLUSTRATIVE MATERIAL CONCERNING SHIPS AND THEIR PART IN MERCANTILE AND NAVAL ACTIVITY; AND TO PROMOTE AND ADVANCE PUBLIC EDUCATION IN CURRENT AND HISTORICAL NAUTICAL AFFAIRS.
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £307,895, with no specific reserves policy in place. The trustees confirm that resources are adequate to continue as a going concern, noting that budgeted income and expenditure are sufficient given the current level of funds.
What the accounts disclose
“Material income streams consist of membership fees, £41,157” — page 17
“Trustees travelling expenses for meetings £3,381 (2023 - £2,250), 7 (2023 - 5) Trustees claimed travelling expenses during the year.” — page 19
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Dennis Maccoychair
- Dr DAVID WALKER
- Dr ROY STEPHEN FENTON BA PHD
- Iain McCall
- JOHANNES HENRICUS MORNOUT
- JOHN MARSHALL WILLIAMS BA FCA
- KRISPEN ATKINSON
- MICHAEL KAHLER
- WILLIAM MAYES FCA FRSA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £59k | £61k |
| 31/12/2023 | £60k | £62k |
| 31/12/2022 | £61k | £56k |
| 31/12/2021 | £89k | £61k |
| 31/12/2020 | £66k | £66k |
Common questions
Is WORLD SHIP SOCIETY LTD. financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £307,895, with no specific reserves policy in place. The trustees confirm that resources are adequate to continue as a going concern, noting that budgeted income and expenditure are sufficient given the current level of funds. Its FY2024 accounts were independently examined.