Page 16 - Chartered 150 - A Sesquicentenary Special Issue
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     attend. Sadly the dinner has lost some of its support in recent years, but we remain hopeful it will return to the calendar soon.
The Isle of Man Society of Chartered Accountants has long been proud to be a branch of the Liverpool Society of Chartered Accounts and its links of friendship and support remain strong.
However it may be regarded as a branch with a difference as the Isle of Man of course has its own Government and legislation.
As in the UK, earlier accountants
did practice on the Isle of Man. The
Manx Advertiser in 1811 ran frequent advertisements by Mr E D Mayne, offering to teach reading, writing, arithmetic and book keeping and to keep merchants’ books.
His later advertisements offered `to post merchants’ books for two guineas per quarter’ and to also ‘close yearly partnership accounts with expenditure accruing’. However, in
1886 the Manx yearbook still listed only two practicing accountants on the island: Maley and Walker & Co.
In 1885 the Manx legislature passed the Audit Act stating that certain government institutions and local authorities had to be audited and this led to the appointment
of Cochran and Walker, a Liverpool firm of Chartered Accountants. By 1890 they had established Walker and Co on the Isle of Man. In 1971 they joined Pannells and later became Pannell Kerr Forster. W H Walker actually opened premises at 15 Athol Street in 1886 and it soon became Walker & Co this firm was the only firm on the island which could train chartered accountants due to its Liverpool connections.
The Isle of Man and Channel Islands
were brought into the territorial ambit of the Institute in 1957, at the time that Society of Incorporated Accountants joined the Institute.
The amalgamation would have meant
that it was no longer possible to train on the Island. Fortunately Alex Walker, a member
of Council, was also a partner in W H Walker and Co of Liverpool and the Isle of Man, and saw to the extensions. In 1958 the Isle of Man Society was established as a branch of the Liverpool Society with 20 members. It now has about 540 members involved in a wide range of activities both in private practice and in industry and offshore financial services.
In addition the Society is increasingly involved in dealing with the Isle of Man
Government which has had for over one thousand years its own laws and revenues.
The local Society is involved with changes in taxation law, company law, insolvency law and economic strategy. Due in large part
to this role, it was felt proper to reconsider that status of the Isle of Man Society. Numbers were too small for it to be a District Society and links with the Liverpool Society are long-standing and valued, and after discussion both with the Institute and the Liverpool Society, the Isle of Man Society was established as a Manx company limited by guarantee but still being, for Institute purposes, a very welcome branch of the Liverpool Society. The Isle of Man is proud to continue to be part of the Liverpool Society of Chartered Accountants, and the Liverpool Society is proud of its strong links with its island neighbours.
The Liverpool Society celebrated its 125th anniversary in fine style in 1995, and since then we have continued to play an important part in many aspects of the ICAEW and the local business community.
The impact of BOOM and other initiatives amongst the professional communities helped play a further key part in Liverpool being granted European Capital of Culture in 2008.
The Society and its members were a further vital part of these celebrations which have been identified as a pivotal aspect of the economic recovery of
what was once “the second city”.
The Society also played a key part in the
establishment of Professional Liverpool,
and along with the other main professional Societies supported its founding in 2002. Driven by the then, Bank of England representative, Neil Ashbridge, PL brought together all of the professionals in the city under a vibrant, lobbying members group. Our current President played a key part during the past ten years as Board Member and Treasurer, and the group now has over 400 members, and plays an important role in our community. Neil remains very active within
the city, as the current Chair of the Liverpool Chamber of Commerce.
In 2012, the cumulative contribution to
the fortunes and standing of the City were recognised with the prestigious granting
of the “Freedom of the City” – or more specifically the Society was admitted to the “Freedom Roll of Associations & Institutions of the City of Liverpool.” It has not been noted whether any of our members have taken the opportunity to bringing their sheep or cattle to the Town Hall.
Whilst Martyn Best was the fortunate
office holder and President during that year, and who with immense pride accepted this honour on behalf of the Society, it was his predecessor Michael Sale who initiated the application to the City, and who showed great persistence in ensuring our recognition.
The Society continues to play a vibrant and
   Andrew Lovelady – LSCA President (2003 and 2019/20)

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