THE HONOURABLE COMPANY OF MASTER MARINERS AND HOWARD LEOPOLD DAVIS CHARITY

Registered charity 1172234 · accounts filings on the Charity Commission register

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.

Objects

THE OBJECTS OF THE CIO ARE TO FURTHER THE FOLLOWING PURPOSES BY SUCH CHARITABLE MEANS AS THE CHARITY TRUSTEES SHALL FROM TIME TO TIME THINK FIT:(A) TO RELIEVE BENEFICIARIES AND THEIR FAMILIES AND DEPENDANTS WHO ARE IN NEED THROUGH FINANCIAL HARDSHIP, SICKNESS, DISABILITY OR THE EFFECTS OF OLD AGE; (B) TO EDUCATE AND TRAIN (I) PERSONS SERVING OR INTENDING TO SERVE IN THE MERCHANT NAVY AND (II) PERSONS WITH AN INTEREST IN SEAMANSHIP OR SAILING.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Education/training · Disability · The Prevention Or Relief Of Poverty · website · Get email alerts

Latest income

£85k

Latest spending

£242k

Registered

2017

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £3,975,798, which the Trustees consider appropriate to generate annual income for grants and cover support costs. The charity reported a net income of £181,658, driven largely by investment gains of £338,305, resulting in total funds increasing to £5,528,626. The trustees confirmed there are no uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: none

“Income from investments is recognised on the date on which the dividend is payable, or the interest accrues.” — page 10

Per its FY2025 accounts as filed with the Charity Commission.

Reserves policy: 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. (held: £4.0m)

“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

Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
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
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Public profiles (found on the charity’s own website): facebook · instagram

Register events

Received assets from another charity (12/12/2018) — per the register’s event history; asset transfers typically record mergers or reorganisations.

Trustees · trustee networks

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

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/12/2025	£85k	£242k
31/12/2024	£84k	£210k
31/12/2023	£86k	£193k
31/12/2022	£73k	£296k
31/12/2021	£113k	£222k

Common questions

Is THE HONOURABLE COMPANY OF MASTER MARINERS AND HOWARD LEOPOLD DAVIS CHARITY financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £3,975,798, which the Trustees consider appropriate to generate annual income for grants and cover support costs. The charity reported a net income of £181,658, driven largely by investment gains of £338,305, resulting in total funds increasing to £5,528,626. The trustees confirmed there are no uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.