Compan}. Nun)bcr: 0fj3213_
Charity No: 1110675
GREATER MANCHESTER BUILDINC. PRESERVATION TRUST LIMITED
(A COIIIPANY LIMITED B Y GUARANTEE)
REPORT OF THE TRIISTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR TIIE YEAR ENDED 31ST TrL4RCH 2025
AINSWORTHS LIMITED
Charter House
Stftnsfield Street
Nelson
Loneashire
BB9 9XY

GREATER MANCHESTER BUILDING PRESERVATION TRUST LIMITED
(A Col￿PANy LIMITED BY GUARANTEE)
CONTENTS OF THE FINANCIAL STA TEMENTS
FOR THE YEAR ENDED 31ST IWCH 2025
Page
Report of the Trustees
Independent Examiner's Report to the members of
Greater Manchest¢r Building Pr¢s¢rvation 'frust Limited
StateTnent of FinaT]cial Activities
Balance Sheet
Notes Éo the Financial Statement5
8-13

GREATER MANCHESTER BUILDING PRESERVATION TRLIST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2025
FINANCIAL STA TEMENTS AND TRUSTEES, REPORT
The Irustees present their annual report and unaudited financial statements for the year ended i l * March 2025.
The financial statements comply with the Charities Act 2011 and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) {effeclive 1° January
2015) _ (Charities SORP (FRS 102)).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company Dumber
05321354 (England and Wales)
Rcgistered Charity number
1110675
Registered office
Edgar Wood Centre
Long Street
Middleton
Manchestrr
M24 SUE
Trustee$ #nd key management
The trustees who served during the year were as follows:
K Sather
J H Graham
C M Grime
F W Marshall
A K Martyn
(Appointed as Chairy)erson 01103124)
(Acting Chairperson)
E M J Miller (Appointed 07106124)
M Roulan-Huang (Appoint¢d 07106124)
K Sather {Appointed 161111?4)
M H Stevenson
M S Watson
Company seeretary
M Roulall-Huang (Appointed 01111124)
Independent examiner
M A Henry FCCA
Ainsworths Litnited
Chartered Accountants
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY
Bankers
The Co-operative Bank plc
POBOX 101
l Balloon Street
Manchester
M60 4EP

GREATER MANCHESTER BUILDING PRESERVATION TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
STRUCTURE, GOVERNANCE AND K4N'AGEMENT
Coryorxte status
The company was inco￿orated under ihe CompaniLb Act on 241h December 2004 (Company number: 05321354). The
company is a private company IiTllitLd by guarantee and does not have a slwe capital. The liability of each metnber
is limited to an amount not exceeding £1.
The company was registered as a charity on l August 2005 under the provisions of the Charities Acts (Charity
number.- 1110675).
Organisational structure
The Board currently consists of the trustees and is responsible for key policy dccisions and the effective governance
of the organisation overall. The Board continucd to mcet on a regular b&sis throughout the year.
Recruilment and appointment of new board members
Trustees are appointed to reflect the skills required 10 support the Board and its range of activities. RecruTtment is
either through advertising or by individual contact. A full orientation is offered on the services provided and ihe roles
and responsibilities of a trustee. including their legal obligations under charity and company law. All appointees are
infornied of the Content of the Memorandum and Articles of Association and the Committee and decision making
processes of the charity.
Risk management
The Irustees have examined the major strategic, business and operational risks which the charity faces and confirni
that systems have been estsblished to ensure that regular reports are produced and that necessary steps can be taken
to address any issues arising.
OBJECTIVES AND A￿1VITIEs
The principal activities of the charity are to promote and preserve for the benefit of the people of the Greater
Manchester and of the nation at large, whatever of the English historical. architectural, natural, social or scientific
heritage which may exist in or near to the aforesaid region. and to adiiance the education and the cultural development
of the public in these matters, and to undertake such other charitable activities as may benefit the inhabitants of or
visitors to the area. The company has also established various trading activities designed to enhance and subsidise the
charitable activities of the Trust.
Public benefit
The truslees arc confident that the charity offers services of real and practical use to the local population and therefrjre
complic& with the responsibility placed on all charities under the Charities Act 2011 to demonstrate a public benefit.
ACHIF.VFMFNTS AND PERFORMANCE
The National Lottery FlcritdgL Fund published its Tevised Project Inquiry Form in March 2024 and the trustees have
been considering the additional requiremeA)ts before being in a position lo fornially resubmit it.
D Nuttall has completed his first year of the development of the wedding business within the fornler Schools. It is
early days yet but thcrc arc cncouraging Signs. These activities accounted for 50 /0 of income. Unfortunately the
wedding market is chaT]ging, and couplLd with thc continuing cost of living ¢ri5is, all businesses who rely on this
market are reviewing their strategies and looking for alternative sources of revenue.
The Érustees held a special meeting on 21 March 2025 to articulate a vision for the charity with the aim ofrejuvenating
it with a renewed sense of purpose across GTeater Manchester and beyond the Long Street Methodist Church. This
would involve forniing a new Board of Trustees to focus on the whole of the Greater Manchester region with a sub-
ommittee responsible for Long Street Methodist Church (reporting to the main Board of Trustees who would have
ultimate accountability).
A key priority was to produce a draft Mission Statement to advocate for the preservation and rejuvenation of heritage
assets within the Greater Manchester region.

GREATER MANCHESTER BUILDING PRESERVATION TRUST LIMITED
(A COMPANY LIMITED B Y GUAIi4NTEF,)
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
FINANCIAL REVIEW
The attached statement of financial activities shows how funds ivere raised and applied during the year. This statement
separates funds which the charity controls itself (unrestricted funds) from those that have to be spent in a manner
detemiined by the donor (restricted funds).
During the year ended 3161 March 2025 incoming resources amounted to £32,458 (which representrd an increase of
£20,183 cornpared to the previous year) while resources cxpcnded amounted to £37,991 (which represented an
increase of £15,765 compared to the previous year). The net result for the year was a deficit of £5,5.33 which is a
decrease of £4,418 on the deficit returned for the previous year.
The trustees consider the results for the year to be satisfactory.
Reserves policy
It is the policy of the charity ro maintain unrestricted funds, which are free reserves of the charity, at levels which
equate to an excess of its projected needs for the forthcoming year. thereby providing sufficient fvnds to ¢over ongotng
costs. The management, administration and support costs as well as the ongoing development of projects is being
undertaken by the trustees and others on a voluntary basis ai nil cost. The trustees believe the ner asset position is
sufficient to satisfy such requirements although these levels of free reserves are revie74'ed on a regular basis.
Risk assessment
The trustees have identified the major risks to which the charity is exposed and procedures to manage those risks have
been put in place. Intemal risks are rninimised by the segregation ot duties and procedures for authorisation of all
transactions.
uture developments
Next year will mark the 125, Anniversary of the opening of Long Street Methodist Church and Schools. Working
with the Edgar Wood Society it is hoped that a fighting fund will be launched for the repair and adaptstion of this
historic Grade 2* listed building at risk and that a programrne of events and activities will be held throughout the
forthcoming year to develop the aspirations of the vision meeting held iu March ?025.

GREATER MANCHESTER BUILDING PRESERVATION TRUST LIMITED
{A COMPANY LIMITED B Y GUAIUNTEE)
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF TRUSTEEES, RESPONSIBILITtES
The trustees (who are also directors of Greater Manchester BuAlding PreservatlQD Trust Limited for the purposes of
C￿MpanY law) are Tesponsible for prepaTing the Report ofthe Trustees and the financial statements in accordance with
applicable law and United Kingdom accounting standards.
Company law requires the trustee directors to prepare financial statements for each financial year end which give a
true and fair view of the fjnancial position of the charity during the year and of its financial position at the end of the
year. In preparing those financial statements, the trustees should follow generally accepted accounting practice and
are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP (FRS 102)
make judgements and estimates that are reasonable and prudent.
state whether Unit&l Kingdom a¢¢ounting standards and the recommendations of the Staiement of
Recommended Practtce 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
¢ompany will continue its activities.
The trustees are responsible for keeping proper accounting records whiGh disGlose with reasonable accuracy the
financial position of the company and which enable them to ascertain their financial position and to ensure that the
financial statements comply with the CompdniL5 ALt 2006 and thc Charities Act 2011 and the reLTulations thereunder.
Thc trustccs also have a geTteral responsibility for taking such steps &s are reasonably open to them to safeguard the
assets of the company and to prevent and detect fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of any company and financial infonnation included on
the charity's website.
SMALL COMPANY PROVISIONS
These fiuan¢ial statements have been prepared in acwrdance with the special provisions of part 15 of the Companies
Act 2006 relating to small companies.
By Order of the Board
J H Graham
(Trustee)
Date: 21* NovembeT 2025

INDEPEII'DENT EXAMINERS REPORT TO THE MEMBERS OF
GREATER MANCHESTER BUILDING PRESERVATION TRUST LIMITED
(A COMPANY LIMITED BY GUAIL4NTEE)
I report on the accounts of Greater Manchester Building Preservation Trusl Limited for the year ended 31 March
2025, which are set out on pages 6 to 13.
Respeetive responsibilities of the trustees and exgminer
The t￿SteeS (who are also the directors of the company for the purposes of company law) are responsible for the
preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the
CharÈties Act 201 I (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under Part 16 of the Companie5 Act 2006 and is
eligible for independent examination. it is my responsibility to:
examine the accounts under section 145 of the 2011 Act.
to follow the procedures laid down in the general Directions given by the Charity Commission under section
145(5)(b) of the 2011 Act. and
to state whether particular matters hav¢ wm¢ to my attention.
Ba$i$ ofindependent examiners, report
My examination was carried out in accordance with the General DirectÉons given by the Charity Commission. An
examination in¢ludes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes considerntion of any unusual iterns or disclosures in the aceounts, and
the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit and, consequently, no Opinion is given as to whetheT the
accounts present a 'true and fair view, and the r¢port Is litnited to those matters set out in the statement below.
Illdependent examiners. statement
In connection with my examination, no matter has come to my attentTOn:
which gives me reasonable cause to believe that, in any material respect. the requirements..
(a)
(b)
to keep accounting rccords in accordance wilh section 386 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting
requirements of section 396 ofthe Companies Act 2006 and with the methods and principles of the
Charities SORP (FRS 102) have not been mei; or
to which. in my opinion, attention should be drawn in order to enable a proper understanding of the a¢¢ounts
to be reached.
M A Henry FCCA
Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY
Date.. 21st November 2025

CREATER MANCHESTER BUILDING PRESERVATION TRUST LIMITED
(A COMPANY LIMI'I"ED B Y GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES (ineluding Income Y4nd Expenditure Account)
FOR THE YEAR ENDED 31ST MARCH 202$
Note
Total
Funds
2025
Total
Funds
2024
Unrestricted
Funds
Restrieted
Funds
Income from:
Donations
7.761
5,993
13,754
2,668
Charilable activities..
Capital grants reeeived
Revenue grants received
Trading aclivlties."
Services provided
Activity income
Other iT]COTne
Investmenl income..
Rents received
Interest received
16,042
16,042
6,838
loo
2,633
29
2.633
29
2,633
36
Total incoming resources
5.993
12,275
Expenditure on:
Ch4Yrilablg Qctlvities."
Preservation and maintenance of
heritage property
Raisingfunds..
Trading and other activity costs
Oiher..
Finance costs
31,046
5.951
36,997
21,053
213
781
994
1,173
Total expenditure
31259
6.732
37,991
22,226
Net ineome and expenditure
Trdnsfers between funds
(4,794)
(88)
{739)
88
(5.533)
(9.951)
(4,882)
(651)
{5W3)
(9,951)
Reconcili8tion of funds:
Total funds brought forward
638.212
29,618
667,830
677,781
Total funds carried forward
633,330
28.967
662,297
667 830
Ther¢ are no acquisitions or discontinued operations in the year.
There are no other recognised gains or losses other than those shown in the Statement of Financial Activities.

GREATER MANCHESTER BUILDINC PRESERVATION TRUST LIMITED
(A COIKPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AT 31 ST MARCH 2025
Note
2025
2024
Fixed assets
Tangible assets
Investment pmperty
33,005
618,225
36,177
618,225
651,230
654,402
Current assets
Debtors
Cash at bank and in hand
5.825
8,072
8,562
12,899
13,897
21.461
Current li8bililies
c[￿ltOrS.. Amounts falling due within
one year
io
(2,830)
(8,033)
Net eurrent assetsl(liabilities)
11,067
Totsl net assets
662,297
667,830
Funds
Restricted
Unrestricted
Ila
Ilb
28,967
633,330
29,618
638,212
12
662,297
667,830
The direthrs are satisfied thal the company is entitled to exemption from the provisions of the Companies Act 2006
(the Act) relating to the audit of the financial statements for the year by virtue of section 477. and that no member or
rnembers have requested an audit pursuant to section 476 of the Aci.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to
accounting records and for the PTeparation of accounts.
The trustees have prepared the accounts in accordance with section 398 of the Companies Act 2006 and section 138
of the Charites Act 2011. These financial statements have been prepared in accordance with the special provisions of
Part 15 of the Companies Act 2006 relating to Small charltable companies and with the Financial Reporting Stsndard
102 Section IA (effective 1st January 2015).
The fmancial statements were approved by the Board of Trustees on 21" November 2025 and were signed on its behalf
by..
J H Graham
(Acting Chairperson)

GREATER MANCHESTER BUILDING PRESERVATION TRUST LIMITED
(A COMPANY LIMITF,D BY GUARANTEE}
NOTES TO THE FTNANCIAJ. STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
ACCOUNTING POLICIES
Company Information
Greater Manchester Building Preservation T￿￿t Limited is a charitable company limiled by guarantee.
incorpordted in England and Wales. The company number and registered office can be found in the Report
of the Trustees.
Basis of preparation
The financial statement5 have been prepared under the historical cost convention, and in a¢cordan¢e with
Accounting and Reporting by Charities: Statement of Recomm¢nded Practice applicable to charities
preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1° January 2015) - (Charities SOB￿ (FRS102)), the Financial
Reporting Standard applicable in the UK and Republic of Irelartd (FRS 102), the Companie5 Act 2006 and
the Charities Act 2011.
The financial statements have been prepared on a going concern basis which assumes the company will be
able to meet its liabilities a5 the￿ fall due. If the company were unable to ¢ontinue to trade, adjustments would
have to be made to reduce the value of the assets to their re¢overable amounts, to provide for any ￿rther
liabilities that may arise, and to reclassify assets and any long temi liabilities as current assets and liabilities
respe£Éively.
Incoming resources
All incoming resource5 are included on the Statement of Ftnancial Activities when the charity is legally
entitled to the incorne and the amount can be quantified with re&sonable accuracy.
Grants receivable are accounted for when due. Any grants received in respect of future periods are deferred
into the correct period.
Income from donations. legacies, fundrdising and similar incoming resources are included in the year in
whlch they are receivable.
Any income received for specific purpose is accounted for as restricted funds when Teceivable.
Expenditure
Expenditure is ￿cOUnted foT on an accruals basis and has been classifIed under the prin¢ipaI categories
related to the cost.
c.osts allocafrd to activities in the furtheran¢e of the Charity's objects are those directly associated with
achieving the charity'5 8oals. Governance costs are those incurred in connection with the management of the
Company's assets. organisational administration and compliance with constitutional and statutory
requirements. Where costs cannot be directly attributed to particular headings they have been allocated to
activities on a basis con51Stent with the use of resources.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in the ￿rth¢rance of the general
activities of the charity. Surplus ￿ndS can be allocated to restricted projects if the twstees believe they are
required.
Restricted funds are funds subject to specific restriction imposed by the donors for the purpose of any appeal
in whi¢h the funds are raised and can only be used for particular purpose within the objects of the charity.

GREATER ThL4NCHESTER BUILDING PRESERVATJON TRUST LIMITED
(A COMPANY LIMITED B Y GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (ContlDued)
FOR THE YEAR ENDED 31ST MARCH 2025
ACCOUNTING POLICIES (Continued)
Investment properties
Investrnent property is shown at fair value. Any a￿(F regate surplus or deficit arising from changes in fair value
is r￿Qguised in Statement of Finan¢ial Activities.
Investments
The financial statements refl¢¢t bank interesl receivable during the year. Credit is taken for interest accrued
but not received at the balance Sheet date.
Other tangible fixed 2$sets
Tangible fixed assets are capitalised at their purchase price.
Depreciation is provided at the following annual rate in order 10 wriie off each asset over its estimated useful
life.
Improvements to Property
Catering equipment
Fixtures and fittings
5 /0 Straight line basis
150/0 reducin&F balance basis
15 % reducing balance basis
Taxation
The company is a registered charity and is therefore exempt from Income Tax and Corporation Tax under
the provisions of Section 505(1} of the Inwme and Corporation Taxes Ath 1988.
INCOMING RESOURCES
The totsl income for the year was £32,458 (2024.. £1? 275) of which £26,465 was unrestTiCted (2024:
£10,880) and £5,993 was restricted (2024: £1,39i).
RESOURCES EXPENDED
Charitable objecriN'es
Unrestricted Restricted
Trading and other activity
Unrestricted
Restricted
Total
2025
Totsl
2024
Cost of sales and
service delivery
Rent and rotcs
Light heat
Insurance
Advertising and
publicity
Postage. printing and
Strationcry
Repairs and renewals
Supwrt costs
Finance costs
213
781
994
lJ33
12555
5,397
1,173
727
7.003
4,178
.333
12,555
5,397
122
122
115
9,789
1.850
i,951
15,741)
1050
7.000
2,030
31,046
i.951
213
781
37,991 22,226
The total expenditure for the year was £37,991 (2024: £22,226} of which £31 •59 was unrestricted (2024..
£18,504) and £6,732 was restricted (2024". £3,722).

GREATER MANCHESTER BUILDING PRESERVATION TRUST LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FllYANCIAL STATEMENTS (Continued)
FOR THE YEAR EIYDED 31ST MARCH 2025
SUPPORT COSTS
2025
2024
Accountancy
Legal and professional fees
Travel expenses
Sundry expenses
1,000
850
900
817
300
13
1050
2,030
The charity initially identifies the cost of its support functions and then apportions these costs between
charitsble activities and T1115111LF funds. The costs are apportioned on a pro rata basis between the total direct
unrestricted charitable costs and the tota] direct unrestricted raising funds costs.
ANALYSIS OF TOTAL RESOL,RCES EXPENDED
Stsff
Costs
Depreciation
etc
Other
2025
2024
Direct charitable
expenditure
Other expenditure:
Trading and other
activity costs
Finance costs
34,819
2,178
36,997
21,053
994
994
1,173
.34,819
3,172
37,991
22.226
STAFF COSTS
Trustees, remuneration
No trustees or persons related or connected by business to them have received any remuneration or other
benefits from ihe charily during thL currcnt or previous year.
Trustees, expenses
No trustees were reimbursed with expenses incurred on behalf of the company during the current or previous
year.
Key Management Pe￿o￿ne1 remuneration
There were no Kcy ManagcTncnt Personnel in receipt of any remuneration during the current or previous
year.
Average number of employees
The charity had no employees during the Lurrent or previous year.
-iO-

GREATER MANCHESTER BUILDING PRESERVATION TRUST LITrIITED
(A COlItPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CoDtinued)
FOR THE YEAR ENDED 31ST MARCH 2025
TANGIBLE FIXED ASSETS
Improvements
to property
Catering
equipment
Fixtvres and
fittings
Totals
COST
At I" April 2024
Additions
Disposals
28,162
10.941
10,697
49,800
At 31" March 2025
28,162
10,941
10,697
49,800
DEPRECIATION
As at I SI April 2024
Charge for year
Eliminated on disposal
3,753
1,408
4J06
994
S.S64
770
13.623
3,172
At 31" March 2025
5JOO
6,334
l6.795
NET BOOK VALUE
At 31" March 2025
23,001
5,641
4J63
At 31" March 2024
24.409
INVESTMENT PROPERTY
2025
2024
FAIR VALUE
At ISL April 2024
Additions
Disposals
Revaluation
618225
618,225
At 3181 March 2025
618,225
618,225
The trustees consider the fair value of investment property to be representative of the total costs incurred as
at 31 March 2025. Investment property consists of Long Street Methodist Church, Long StreeL Middleton.
Manchester M24 SUE, a property that was gifted to ihe charity by Heritage Trust for the North West.
-li-

GREATER MANCHESTER BUILDING PRESERVATION TRUST LIMII'ED
(A COMPANY LILMITED BI, GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
DEBTORS: AMOUNTS FALLING DbE WITHIN ONE YEAR
2025
2024
Other debtors
Prepayments and aGGrued income
4,457
lJ68
6.917
1,645
5.825
io.
CREDITORS: AMOUNTS EALLIIYG DUE WITHIN ONE YEAR
2025
2024
Other creditors
Accruals and defe￿ed income
5.248
2,785
2,830
8,033
Ila.
MOVEMENT IIY RESTRICTED FUNDS
Income
Expenditure Transfers
and
between
losses
funds
I st April
2024
31" March
2025
gains
Revaluations
Designated general fund5.'
Capital assets
Project delivery
29.618
4.493
1,500
(5,144)
(1.588)
28,967
88
88
28,967
Ilb.
MOVEI¥IENT IN UNRESTRICTED FUNDS
Income
and
gains
Expenditure Transfers
15l April
2024
31" March
losse5
funds
Revaluations
General ￿ndS
638,212
26,465
(31,259)
(88)
633J30
638,2l2
26,465
31,259
88
633J30
-12-

GREATER MANCHESTER BUILDING PRESERVATION TRUST LIMITED
(A COMPANY LIMITED BY GUAIL4NTEE)
NOTES TO THE FINANCIAL STATEMEIYTS (Contmnued)
FOR THE YEAR ENDED 31ST MARCH 2025
12.
ANALYSIS OF ASSETS AIYD LIABILITIES BETWEEN FUNDS
Restricted Unrestricted
funds
funds
Totsl
202S
Tangible fixed &ss¢ts
Curr¢nt assets
Current Itabilities
Bank balances
27.429
623,801
5,825
(2.830)
6,534
5,825
{2,830)
8.072
1,538
28,967
633,330
662,297
13.
RELATED PARTY TRANSACTIONS
There were no related party transactions for the year endLd 31" March 2025.
14.
MEMBERS
The company is a company lirntted by guarantee and does not have a share capital. The liability of each
member by way of their guarantee to the company is to contribute a sum not exceeding £1 to the assets of
the company if so required on the winding up of the company.
-13-