THE HONOURABLE COMPANY OF MASTER MARINERS AND HOWARD LEOPOLD DAVIS CHARITY
The benevolent purposes are to relieve:a. Navigating Officers of the British Merchant Navy and their families and dependants who are in need through financial hardship, sickness, disability or the effects of old age.The Educational purposes are to educate and train persons serving or intending to serve in the British Merchant Navy through an interest in seamanship or sailing.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £3,789,332, representing the majority of the charity's total funds of £5,346,968. The charity reported a net income of £456,877 for the year, driven largely by investment gains, while expenditure on charitable activities was £117,108. The trustees confirmed that the charity has no employees and relies on the Honourable Company of Master Mariners for administration services.
What the accounts disclose
“It is the policy of the Trustees to maintain unrestricted funds (predominantly in investments), which are the free reserves of the charity, at a level considered appropriate to generate an annual income for grants etc. It also provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time.” — page 5
“The Charity provided grants of £8,902 (2023: £11,977) during the year towards the cost of the journal produced by HCMM and £Nil (2023: £32,000) in support of the education and outreach work carried out by HCMM.” — page 16
Register events
- Received assets from another charity (12/12/2018)
Trustees
- Captain Derek CHADBURNchair
- Anthony Gosden
- CDRE Duncan Lamb
- Iain Rodger
- John Erskine Brown
- Lt Cdr Peter Aylott
- Matt Burrow
- Matthew Easton
- Monica KOHLI
- Nicola Good
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £84k | £210k |
| 31/12/2023 | £86k | £193k |
| 31/12/2022 | £73k | £296k |
| 31/12/2021 | £113k | £222k |
| 31/12/2020 | £78k | £185k |
Common questions
Is THE HONOURABLE COMPANY OF MASTER MARINERS AND HOWARD LEOPOLD DAVIS CHARITY financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £3,789,332, representing the majority of the charity's total funds of £5,346,968. The charity reported a net income of £456,877 for the year, driven largely by investment gains, while expenditure on charitable activities was £117,108. The trustees confirmed that the charity has no employees and relies on the Honourable Company of Master Mariners for administration services. Its FY2024 accounts were audited by Shaw Gibbs (Audit) Limited.