Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
Company No. 03439305
Charity No. 1071872
Association of Marine Electronic &
Radio Colleges Limited
(a registered charity and a company
limited by guarantee)
Report and
Financial Statements
For the year ended 31 December 2024

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Reports and financlal statements
for the year ended 31 December 2024
Contents
Page:
Company information
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
8-13
The followlng pages do not form part of the statutory financlal statements
Details of income and expenditure
14- 15

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Reference and administrative informatlon for the year ended 31 December 2024
DIRECTORS and TRUSTEES
P Martin
S Howard
J Cartwright (Trustee only)
J West
T Slack
R Robertson
A Banerjee
SECRETARY
P Langfield
REGISTERED OFFICE
Bridge Mills
Stramongate
Kendal
Cumbria
LA9 4UB
BUSINESS ADDRESS
Bridge Mills
Stramongate
Kendal
Cumbria
LA9 4UB
ACCOUNTANTS
MHA
Kendal House
Murley Moss Business Village
Oxenholme Road
Kendal
Cumbria
LA9 7RL
CHARITY NO. 1071872
COMPANY NO. 03439305

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Trustees, report
The Trustees present their report of the charity for the year ended 31 December 2024 which are also
prepared to meet the requirements for a directors, report and accounts for Companies Act purposes.
The trustees have adopted the provisions of the Statement of Recommended Practice (SORPJ
'Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial
statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out Tn
notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland published in October 2019 and in accordance with the special provisions for small
companies under Part 15 of the Companies Act 2006.
DIRECTORS and TRUSTEES
The directors in the year were as follows:.
P Martin
S Howard
J West
T Slack
R Robertson (Appointed May 2024)
A Banerjee {AppoTnted May 2024)
G McGowan {Resigned May 2024)
J Cartwright (Trustee only)
As set out in the articles of association and the revised rules of the association {2009) at each annual
general meeting one third of the directors retire by rotation.
OBJECTIVES AND A￿1VITIEs
The company is a charity, the objects of which are the advancement of public education and training
in the fields of marine radio, electronics, telecommunications, radar, and electronic navigational
systems and to hold and conduct such examinations as should be necessary to test or determine the
skill and efficiency of persons presenting themselves for such examinations.
The Trustees have referred to the guidance contained in the Charity Commission's general guidance
on public benefit when reviewing the aims and objectives and in planning our future activities.
ACHIEVEMENTS AND PERFORMANCE
Full Members total 23 (2023: 26) and Associate Members 11 {2023: 12). Fees for Members and
Associate Members remain at Full £270, Associate El 50.
Income from the Global MaritTme Distress and Safety System (GMDSS) examinations increased by 2%
over the year. Direct charitable expenditure accounted for 89.5% of incoming resources {89% in
2023). Overall expenditure represented 103.5% of income resources {99% in 2023). Administrative
expenses were higher in 2024 than 2023 primarily due to making a charitable donation.

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Trustees, report (continued)
ACHIEVEMENTS AND PERFORMANCE (contfnued)
The Executive Committee met in March, September and December 2024 via Zoom. The AGM and the
Executive Committee met in Newcastle in May 2024. All Executive Commlttee meetings dealt with
items relating to the operation of the company.
The Maritime Consultation Group {MCG) which sits as an Open Session of the Executive Committee is
still workTng well. The Executive Open Session receives reports from the Chief Examiner and has
overall responsibility for the examination QA system. The revised course and examination audit
system is running well.
FUTURE DEVELOPMENTS
The majority of our income stream is generated by activities we carry out on behalf of the Maritime
and Coastguard Agency (MCA). The MCA have decided to take these activities in-house, therefore,
reducing our income stream considerably. Unfortunately, it has been decided, after consideration
and looking at many other opportunities, that we cannot as an organisation continue to operate and
reluctantly we must close our organisation once this major income stream comes to an end.
FINANCIAL REVIEW - RESERVES POLICY
The Association requires flnancial reserves for three purposes:
to be able to fund the start-up or operational costs for any project that could
not be supported out of annual income.
to allow the Association to continue its charitable activities by providing a level
of investment income that will partly compensate for the anticipated decrease
in future income expected from its GMDSS examination services"
iii. to prowde a contingency fund that will enable the Association to carry out any
exceptional cost-bearing actions associated with its examination service quality
assurance responsibilities.
The level of reserves required for the Association to meet its obligations under paragraph 1.
above is circa E300k. Circa £250k WTII be held on long-term deposit or invested to produce an
investment income (see 1.11. above). Circa £50k will be held on short-term deposit to allow any
annual expenditure required for activities under 1.1. and 1.iii. Free reserves at the year end were
£299,72312023: £311,197).
The Association will prudently control its revenue expenditure in order to ensure an annual
operating surplus can be maintained if possible. This will be achieved by setting a phased income
and expenditure budget before the beginning of the financial year and monitoring the revenue
budget and predicted surplus at quarterly meetings of the Board of Directors.
In the event of no other major income generating activity being forthcoming, which is currently
being provided through its examination services, the Association intends using its investment
income to supplement other minor forms of income, such as supplementary subscriptions, in
order to continue with its charitable activities.
This policy will be reviewed annually and any proposals for change discussed and approved at
the annual general meeting.
For cost saving and environmental reasons all meetings except for the May meeting and AGM were
held via Zoom in 2024.

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Trustees, report (continued)
STRUCTURE GOVERNANCE AND MANAGEMENT
Status of the company
The company is a registered charity, number 1071872, and is limited by guarantee, and governed by
its memorandum and articles of association.
Recruitment and appointment of new directors
The Trustees are appointed by the Board of Trustees and serve until they resign or retire. The Trustees
ensure that new Trustees have the necessary skills to contribute to the Charity's management and
development.
Risk assessment
The Trustees have assessed the major risks to which the company is exposed, in particular those related
to the operations and finances of the company, and are satisfied that systems are in place to mitigate
the company's exposure to the major risks.
TRUSTEES, RESPONSIBILITIES
The directors (who are also trustees of Association of Marine Electronic & Radio Colleges Limited for
the purposes of charity law) are responsible for preparing the Directors, Report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
Company law requires the directors to prepare financial statements for each financial year, which give
a true and fair view of the state of affairs of the charitable company and of the incoming resources
and application of resources, including the income and expenditure, of the charitable company for the
year. In preparing these financial statements, the directors are required to:
select suitable accounting policies and apply them consistently.
observe the methods and principles in the Charities SORP 2019 (FRS 102).
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue to operate.
The directors are responsible for keeplng adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statements comply with the CompanTes Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable Steps for the
prevention and detection of fraud and other irregularities.
By order of the board:
angfield
Secretary
Date:
)2.S

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Independent Examlner's Report to the Directors of Association of Marine Electronlc & Radlo
Colleges Limited
I report to the charity trustees on my examination of the accounts of the company for the year ended
31 December 2024 which are set out on pages 6 to 13.
Responsibllitles and basfs of report
As the charity trustees of the company {and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies
Act 2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
your company's accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 Act,).
In carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the company's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because
l am a member the ICAEW, which is one of the listed bodies.
I have completed my examination. I confinn that no matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of the 2006
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other
than any requirement that the accounts give a 'true and fair view, which is not a matter considered
as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to
be reached.
Kendal House
Murley Moss Business Village
Oxenholme Road
Jack Steer BA(Hons) ACA
Independent Examlner
MHA
Kendal
Cumbria
LA9 7RL
Date:
April 16, 2025

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Statement of financial activities (including income and expenditure account) for the year ended
31 Decernber 2024
Unrestricted funds
2024
Note
2023
Income and endowments from:
Charitable Activities:
Direct Subscriptions
Examination Fees
Other Examination Services
Investments
7,860
294,321
3,458
13,583
8,760
288,737
6,619
Total income and endowments
319,222
304,116
Expenditure on:
Charitable activities:
Direct examination expenditure
Volunteer services
Travel and accommodation
Administrative expenses
233,046
36,063
15,173
44,649
231,369
20,303
20,266
30,256
Total Expendlture
328,931
302,194
Net movement in funds
19,709)
1,922
Reconclliatfon of Funds:
Unrestricted funds balance brought forward
311,197
309,275
Unrestricted funds balance carried forward
301,488
311,197
All amounts relate to continuing activities.
There were no recognised gains or losses other than those included in the statement of financial
activities. The statement of financial activities forms the income and expenditure account of the
company.
The notes on pages 8 to 13 form part of these financial statements.

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Balance sheet as at 31 December 2024
Note
2024
2023
Current assets
Debtors
Cash at bank and in hand
10,811
293,046
7,923
313,481
303,857
321,404
Creditors
Amounts falling due
within one year
(2,369)
(10,207)
Net current assets
301,488
311,197
Total assets less current liabilities
301,488
311,197
Funds of the charity:
Reserves - Unrestricted funds
301,488
311,197
For the year ending 31 December 2024 the company was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with
respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
Approved by t
oard
ectors on ...
.and signed on their behalf by:
P Martin
Director
Company Registration Number: 03439305
The notes on pages 8 to 13 fonn part of these financial statements.

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
{A company limited by guarantee)
Notes forming part of the financial statements for the year ended 31 December 2024
ACCOUNTING POLICIES
Company information
Association of Marine Electronic & Radio Colleges Limited is a company limited by guarantee
incorporated in England and Wales. The registered office is Bridge Mills, Stramongate, Kendal,
Cumbria, LA9 4UB.
Basis of Accounting
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting standard applicable in the UK and Republic of
Ireland (FRS102)(issued October 2019)-{Charities SORP {FRS102)), and the Companies Act 2006.
Association of Marine Electronic & Radio Colleges Limited meets the definition of a public
entity under FRS 102. Assets and liabilities are initially recognised at historical cost or
transaction value unless otherwise stated in the relevant accounting policy note(s).
The financial statements are prepared in sterling, which is the functional currency of the
company. Monetary amounts in these financial statements are rounded to the nearest £.
Fund accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of general
objectives of the charity.
Income
All incoming resources are included in the Statement of Financial Activities when the charity is
legally entitled to the income, it is probable it will be received and the amount can be measured
reliably.
The following specific policies are applied to particular categories of income:
(a) Income represents gross examination fees, direct subscriptions due for the year and income
from other charitable activities. All subscriptions received for the year ended 31 December
2023 have been deferred to that accounting period.
(b) Investment income is included when receivable.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to
a third party, it is probable that settlement will be required and the amount of the obligation
can be measured reliably. Charitable expenses include:
all expenses incurred in carrying out examinations - administration and issuing of certificates,
maintaining quality control and disseminating appropriate information.
all expenses incurred in contributing to the development of national education programmes for
the telecommunications industry, encouraging new entrants into the industry and
disseminating appropriate information.

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Notes forming part of the flnanclal statements for the year ended 31 December 2024(Continued)
ACCOUNTING POLICIES (contvnued)
Expenditure {contlnued)
All expenditure is accounted for on an accruals basis.
Administrative expenses are the costs of general running of the company not directly attributable
to the above.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was
incurred. Where costs cannot be directly attributed to particular headings they have been
allocated on a basis consistent with the use of the resources.
Investment income
Investment income represents the interest earned on the investment of temporary surplus funds
placed on deposit, and is included in the accounts when receivable.
Foreign currency translation
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
All differences are taken to the Statement of Financial Activities.
Debtors and creditors receivable/payable WTthin one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
Financial Instruments
The charity only has financial assets and financial liabilTties of a kind that qualify as basic
financlal instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
Going concern
The trustees have a reasonable expectation that the charity has adequate resources to continue
in operational existence for a period of at least 12 months from the date the accounts are
approved. Thus, the trustees continue to adopt the going concern basis of accounting in preparing
the financial statements. However, as referenced in the Trustees report under Future
Developments, the organisation has a plan to close in the near future.
Judgements and key sources of estimation uncertalnty
In the applicatiOT) of the charity's accounting policies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumptions are
based on historical experience and other factors that are considered to be relevant. Actual
results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Notes forming part of the financial statements for the year ended 31 December 2024 (Continued)
ACCOUNTING POLICIES (contvnued)
Judgements and key sources of estimation uncertainty (continued)
Key assumptions, judgements and estimates
In the opinion of the Trustees, there have been no significant judgements (apart from those in-
volving estimates) made in the process of applying the above accounting policies.
There have been no key assumptions concerning future and other key sources of estimation uncer-
tainty at the reporting date that have a significant risk of causing a material adjustment to the
carrying amounts of assets and liabilitles within the next financial year.
INVESTMENT INCOME
2024
2023
Bank and Building Society Interest
13,583
6,619
All income in the prior year was unrestricted.
RESOURCES EXPENDED
Office Holder
Costs
Other
Costs
Total
2024
Total
2023
Direct examination expenditure
Volunteer services - non-directors
Travel and accommodation
Administrative expenses
233,046
36,063
15,173
29,257
233,046 231,369
36,063
20,303
15,173
20,266
44,649
30,256
15,392
15,392
313,539
328,931
302,194
All expenditure in the prior year was unrestricted.
10

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC ft RADIO COLLEGES LIMITED
(A company limited by guarantee)
Notes forming part of the financial statements for the year ended 31 December 2024 (Continued)
INFORMATION ON DIRECTORS AND TRUSTEES
None of the directors or Trustees received payments for volunteer services during the year12023:
£nill.
STAFF NUMBERS AND COSTS
The total wages and salaries costs were as follows:
2024
2023
Wages and salaries
Pension contributions
14,944
448
14,298
423
15,392
14,721
The company had 1 employee in 2024 {2023:1). This employee was primarily involved in
management and administration of the charity. No employee was paid more than £60,000 in
the year (2023: nil).
All expenditure in the prior year was unrestricted.
DEBTORS: Due within one year
2024
2023
Trade debtors
Prepayments and other debtors
2,610
5,313
10,811
10,811
7,923
CREDITORS: Amounts falling due within one year
2024
2023
Other creditors
Deferred income: 2025 Membership Fees (note 7)
PAYE and Nl
2,226
2,022
7,980
205
143
2,369
10,207
11

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Notes forming part of the financial statements for the year ended 31 December 2024 (Continued)
DEFERRED INCOME
Deferred income comprises of advance membership fees.
2024
2023
Balance at 1 January
Amount released to income earned from charitable activities
Balance at 31 December
7,980
(7,980)
8,700
{8,700)
7,980
7,980
RELATED PARTY DISCLOSURES
Transactions
Travel and accommodation expenses relating to 6 directors and 1 trustee only for 2024 {2023: 5
directors and 1 trustee only) amounted to £5,584 Directors (2023 £2,505) and £1,257 Trustee
12023: £6131.
LIABILITY OF MEMBERS
Every member of the company undertakes to contribute such amount as may be required (not
exceeding £101 to the company's assets if it should be wound up while he or she is a member or
within one year after he or she ceases to be a member, for payment of the company's debts and
liabilities contracted before he or she ceases to be a member, and of the costs, charges and
expenses of winding up, and for the adjustment of the rights of the contributions among
themselves.
10 TAXATION
As a charity, the Association of Marine Electronic and Radio Colleges Limited is exempt from tax
on income and gains falling within sections 472-474 of the Corporation Tax Act 2010, sections 478
489 of the Corporation Tax Act 2010, or section 256 of the Taxation of Chargeable Gains Act
1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in
the Charity.
11 CONTROL
There is no single controlling party of the charity for the current or previous year.
12

Do¢usign Envelope ID: 07F87CCE-216B4022-9C904588F3303AC1
ASSOCIATION OF MARINE ELECTRONIC & RADIO COLLEGES LIMITED
(A company limited by guarantee)
Admlnistrative expenses for the year ended 31 December 2024
2024
2023
ADMINISTRATIVE EXPENSES
Volunteer services
Pension
Support services
Telephone and Post
PrintTng and Stationery
Travelling expenses
Legal and professional fees
Accounting fees and software
Bank charges
Insurance
Computer Support
Web Site
Exchange Fluctuations
Donations
14,944
14,298
423
4,410
168
160
4,440
20
1,991
547
2,988
60
908
6,214
162
2,180
959
3,393
281
900
15,(M)O
44,649
30,256
All expenditure in the prior year was unrestricted.
13