Company Roglstrallon No. 08652606 Charlty No. 1157491 The Sustalnable Shlpplng Inltlatlve Ltd Roport and Flnanclal 81at•monts For th? Year Ended 31 Decambar 2024 For the Year Ended 31 December 2024 Trustees, annual re 1Th18p￿d￿t axamlr*s report 15 16 Balance Sheet 17 18tot3 The Su8talnabl8 8hlpplng Inhlallve Ltd Roforenco al￿ admlnlBtrallv• InfomiDYon COMPATrTf NUMBER. COUNTRY OF INCORPORATION: 08652808 ErKdland CHARITY NUMBER: COUNTRY OF REGISTRATION: 1157491 Engl8nd and Wale REGISTERED OFFICE: 118 Parf( Street Camberley Sufrey GU15 3PQ OPERATIONAL ADDRESS: Tho Old Forge House Crlcket Green Hartley Wlnlney RG27 8PZ TRUSTEES: Tw8tso8. who are al80 dlrectorn undér company law, who 8afv8d durfng the year arKI up to thg dato of thlg report were 88 fdltr•A.' J. 8ong S. Bennett O. Brtne G. Campbou C. F88 A. Fls¢hb8cher H8ggqu18t IL P81rn8r D. Pael (ResIgn￿ 16th October 2024) CTrChalr (Reslgnod 13th March 2024) Ctrchalr KPI MANAGEMENT PERSONNEL: ￿ Siaphan8 S. Jon08 EXe￿ilVe Dlr•ctor IAppolntod 30th June 2024) Exe(aJ￿ Dlroclor IR881gnod 301h Jun8 2024) 8ANKER8: Clty ol London Brnnch 60 Queen Vlctorfa Streot LONDON EC4N 4Tr INDEPENDENT EYAMINER: Plng Chartérèd A(xxAmtsnts 11a Pa￿ Street C8mberfey Surrey GU15 3PQ Page 3 Thg Shlpplnq Inlll•llvo Lld The trustees present thelr report and the 11ftand￿ statements for the ￿ar ended 31 December 2024. Reference and adrnlnlstratfve Inforniarlon. sei out on page 3, forms part of th15 repon. The flnanclal statements comply wlth current Statutory Trqulrements. the memorandum and artlcles of assoclatlon and the Statement of Recommended Practice - Accourtlng and Reportlng by Charttles.. SORP app1{￿ble to charlrles'preparSng thelr attounts In accordance wlth FRS 102. Ssl members are shlpowners and charterers: marlne equlpmen¢ shlpyards. p(•rts and ser¥lce proYlder5; bank5, shlp finance and Insurnnce provldtrs; classllkatlon socletles", and sustslnablllty focu$5ed non-governmental organlsatlon5. Objectlves and actlvltles Ssl belleves that change Is accelerntlng and uryent artlon 15 needed. that Sustalnabllltylssues ar• Interconnected and r•qul re a systems approach and ihat In¥estln9 now will dellveT for companles. sockty and the planet In ihe long-term. The objectlves are.. l. To advance eduwlon of the publlc In economlc and soclal swdles as they rellte to Indlvlduals. communlttes, soclety at lar and the planet as a whole, wlth speclal reforen¢es io thelr Inter-relatlonshlp wlth ecology. the n#tural world. health, technology, agrlculture. 5UStatnable dtvelowMnL phIl￿OphY and psycholokry. Z. To promote sustslnable d•¥elopment for th4 benefli of ihe publlc bv: a. Th¢ preseThatlon. conservatlon and protertlon of the envlronment and the prudent use of natvrnl resources. b. The rellef of pO￿lty and Impro¥orn¢nt of condlilons of Ilfe In S￿lI11V and e¢onomlcally dlsadvantaged cofflmunltks. The promotlon of sustalnable means of achltvlng econombc gr0￿h and regeneratlon. 3. For SSI io be a ¢at•W for a sustalnabl• and succqsslul shlpplng Indu$try In thls cruclal perfod of acrlon. SSI wlll tautyse thls change rhrough: Engaglng th¢•ndre shlpplng siaknhold•r landsc•pei lftcluslb* of publlc Mctor, Mpportlftg the drlv¢ to ac( movlR9 from thé W to the Thovr Enhanced PArtMrshlps. More stskeholders and partnershlps engaged, from moft geographles and a¢r¢ss the shlpplng ecosystern. Sharlng of leamlngs. experlence and leadershlp ambltlon levels Insplrlno earller adoptlon and Intended Impacr. Creatlng • tlpplng polnt thai sustalnable practlfe betomes ihe norm.. envlronmentallyl soclally and socloeconomlcallv Trad(InO1 ch•ll¢nglng. Influendng. rtImUl￿lng and INplrtng the Industrvs ac¢lons proyrtH ¢tyAvds tho nwded Outcom￿ and Impacts State of Sustslnabl• ￿l￿ft9 (SOSSJ Trncklng progre55, leadlng nafrntlve and stlmulatlng more actlon across Industsy on key Issues. 551 w511 shlne a Ilqht on success, hold the sertoi to account and hlghll9hr where thls needs acceleratlon. Updatlng th* Roadmap wlth dlffuslon S-cunms and emerglng 15SU¢5. 11. Cornmunlc4Yng and ludlnp the thange narrdUb*. More Infiuentlal Ind Increaslng the need to a¢t. ￿rf￿n by the flndlngs and stsius on progre55. Engaglng more to act on more, taklng loafnln95 from wlthln and outskle the sector wlth us to attelernte progress and Impact ¢. k¢il4rnUng actlon on Jpedfic emerylng Issues WO￿ across the sector. Sub-sets of or¢Janlsatlonsi parniers and members eollaboAtlng and wa￿1n9 together an speclflc *m*rglng Issues Icomlng from lh• malnralned Roadmap) wlth a system and hollstlc focus on outcome3 and lrnpact. Maln Iniev￿ntIQns'. convenlng. allgnlng aalon and Make recommendatlons from ¢Oll•rt1￿ •xporlence. These focus on the early stsges and are deslgnod for others to enable the mass adoptlon stage d. Target•d ImP￿[S Engaged real economy actors from across ihe entlre 5hlpplng Industry v•ltse chalrt. Includln9 publlc sector, NGOS and leadlng cornpanles 11. Inspiring and Influenc+ng Jolned-up lftdusry aalon 111. Increaslng transparency and ae¢ountablllty through communlcatlon l¥. AcCe￿ratIng actlon on speclflc. overdue and emeTglng su5fdlnablllty Issues MonltOTlng. trncklng and reportlng on progres5 Vl. Supportlng earfler adoptlon of transfornmtlonal pathways to sustalnable shlppln9 We alm ￿ work tu*Ards a shlpplrtq Indusiry whlth.. pl(￿£11¥¢1V tontrtbutes to ihe rn5wJn$￿g0v￿rn￿oIaWQ¢8lwa￿d protecflon ofihé marlne envlronrnent ovld¢5 s•f•. heahhy. aftdseame peopk want to work In shtpplng whore thoyun enjvi r¢wardln9 ¢areers and xhkve tholr full pthntlal . Is recognlsed as a m15ted and ttw¢wMlblepllibwh the Awmunltsln TAhl¢h we owate Impro¥es porfornmnce and enables Susthlnable bu51ne55 declslon-maklng through hloh I￿1$ of Oevelops flnanclal solutlon5 that rnxdswraln•&tsperfwwrnand •nab* uplako gf Innovatton. technology. de>lgn. and operatlonal efficlenc1¢5 Pfomotes tlM Yesponslble and qffld•ntuw olrnMurc¢s. loads d•carbDnlsatlon artd ellmlnaies gveenhouso gas omlsslons thfough Improb*d efflclencyand th• uie of sust4lnabl•. zertr(athin fuels aftd technologlos. W• belte%* thar. Change Is accelerntlng and urgeni aalon Is needed. Su5tJln4blllty Issues are Interconnodd requlr* • s¥*ems approach. In¥esdng now wlll dellver for romplnles. $￿Iety and tho planet In the Iong-tsmi. The trusw and m•mboTS rqvtqw ilm alms, obJecd¥es and xtmdes rftho charfty ￿•1. Thls Mport looks ai the dwlty has Khw and the outwrnes of its ￿thIn th•148t rwelve monih5. The Irust•QS Tepovr ihe success of ea¢h key actlvlty and ihe beneflts the cha￿ty has brought to thos• groups of people ih4111 Is sei up to h4lp. Th• mitew also helps th• Iru3t¢es *nsyr* the charir¢s alms. obJectk¥es and aaMt1¢5 tsmalned focused on Its Karqd purposes. The tNstoes ha¥0 relerr•d w the guldin¢¢ contalned lft the Charfty Comrnlsthn's géneral guldan¢t ¢)n publ1£ beneflt when r¢¥iewlng the cha￿1￿$ alms and objecth￿S and In plannlng its fvtyre actmiles. In ￿rtIcUlar, th• truKoes COD51d¢r planne41 tlvltl•s T*AII untrlbut• to the •lms and objeths haw& beqn sqL Achlevements and p•rforniance A¢hlth*m•nTS and ￿rfOrn￿1£• In the doltrrtryol publ1¢ bon• The charltrl$ maln actlvltles and who It lrfes to help are desulbid below. All Its ¢harftable Ktlvttles fKu% on shlpplng and lis Impact and are undertaken w furtherThe Sustalnable Shlpplng Inlt14fl¥e Umli•d's charltable purpose5 for the publlc benont. Ch*r the veportlng perlod th¢ athltle5 of the SSI have been.. l. lJ•wbonlth- Prom￿1￿4 1¢$ Yutarch and guldance on Suslalnablllty crEte￿ for con￿de￿Il0n of the susulnablllty of fu￿re fuels belng 4ernll thls IJ •xpKtwl to ch•ng• the ￿Ighth9 of mEmbw ￿ thI1￿￿￿k mlx for the SSI plng foThAvds. Plans for the future Th• thaTIty Is contlnulng Ws Wanned In Ilnt an updated Operadn9 model from 2025 ¢yMrds. 4Mthln the Industry th• use of th* ttrrn 'sustslnable' has be(on* mort allgfted wlth the ongolr41 abwt fuels and em155lons, but the shlpplng Indusiry ¢onilnues to face many sustslnablllty ￿s1rtg but also fol udng materlals effl¢l•ntty and becomlng a cIr￿lIf Fndusvy. pro￿￿n9 poslth* carters aJKI beneTrs for ctynnwnlrl¢s. Ixln9 Systemlc change Is fteed￿ th shlpplr4 Industry. more companks grnatw f*wu￿•S and tskln9 earfler Klton o sustalnablllty. The Sustaln4bl¢ Shlpplrt9 Inl11at￿ wlll catalyse system tran51MNkn r•sulthwJ In: MoTe sustalnablllty Issues a(￿left￿d and adopted M¢xe shlpplng companlos tskln9 aaI4)n qukker Dell¥erfng on thls wlll requl Sallng up SoS5- Subject to 0xtorn￿ fundl The alm Is to attrau fvndlrY4 of m $05S pn>grrn ¢JperntlDn5 on an ongdn9 basls Expand the operntlonslseuotarlai Op•ratSn9 Ilodel for Ssl w Ihang• Core partners- Industry. phllanthrn Th• SSI ￿11 be: Kniy•m as catafysi for the wthole Industry b1￿U$* of its track rncort T*lth members. annual assessment and thvrking groups Re9ularly belng approa servlng trustee TIAS abk to take on the role It Is CUTrentr ¥a(anL Thls Is a cort(ern due to the wofess1o￿ financlal ffian￿ of the SSI ac(0¥n￿ but Is kept under revlew by trustees. At the tenth annual general rneellftg In Octobtr 2024 4)ne thlnl of the re￿red from offlce In Mtadon In accordance wlth the ar￿leS of a￿latIOn. Trnstees reslgll In rotatlon may offer themselws for re-elecdw A refflun¢Atlon sub-committee of tho board was established in 2021 and coodnued Ihrwgh 2024. The charl￿5 trUStee5 hrn 96￿1 consldeTrtion to the nw rtsks to ¥Jthkh the charlty Is eX￿Sed and satlsfled tr￿MSelveS that systems or procedures afft esubllshed and In place Sn ¢>rder to nunage those rlskk la*r rtsks are revlewl at each eo meetlng and the rlsk reglster as a whole Is r￿le**d at least annually. Guy Campbell contlnues a5 Owlr ft>M(Mlng appolntment In Dttembv 2020. Related partles and relatlonshlps wlth other organlsatlons The SSI was fonnerfy a plojea of Forum for the Future and T*as swn-off Into a swarate entty whh g￿rna￿e structuTr on I S August 2013. AlastaiT Fischbaclw was a foundlng mefflber and member trustee of the charlty, ￿SIgned hls posttlons In 2014 prlor to taklng on the role of Chlef Execu￿ In 2016 he lom￿tted hls rerni as cl￿ Execull¥e afid on 14th Oaober 2016 was re- appolnied ￿ an Inde￿denT trustet and Co-chalr of the chariry. AftdTe* Stephen5 Is the CEO and Compary Secrtiary the SSI Guy Campbell. an IndwwthnL Is Chalr of the S Statement of responslbllltles of the trustees The trustees fy¥ho are also dlrectin of The Sustalnable Shlpplng Inltlatl¥* Llmlted for the purposes of company law) are responsible for preparing the trustees. amual report and the flnaTrclal swements In accordance wlth appllcable law alld Untted Klngdom AcC￿￿ting Standards ajnlted KI￿d0M Gen￿￿lY Acceoed AccountSng Pracilcek Py13 Tw$t•￿' Annual Re Statement of re5ponslbllltles of the trustees (Contlnued) Company law reouSres the trustees ro wep3re finandal statements for each flnanclal year which 9l¥t a true and f￿r vlew of the Stale of affalrs of the charluble company and ol ihe lrtcomin9 re50urcEs and application of fe50ur¢ès. includln9 the income and expendlture, of ihe charitable company for that perlod. In preparing these finan¢lal statements. the trustees are requlred to.. Selett suttsble accountlng pollcles and ihen apply them con51sten ObseNe the methods and prlnclple5 In ihe Chariries SORP Make Jud9ement5 and estlmates that are rtasonable and prudent Stale whether appllcable UK Accountlng Siandards and starements of recornmended pracilce have been followed. subjea to any material departuyes disclosed and explalned in the fittanclal statement5 Prepare the financlal staioment5 on iht golng concem bas15 unless ￿ Is Inapprogrlate io presume that Ehe charfty wlll conilnue In opefatlon The trustees arn respon51ble fof keeplng adequate accouniing rtcords ihat dlsclose 7Mth reasonable accuracy ai any tlme the flnan¢ial posltlon of the Charitable company and tnable rhem to ensure thai the financial statement5 Comply with the Companies Act 2006. They are also responslble for safe9uardlng the a55ets of the charttable company and hence for taklng reasonable steps for the preventlon and deirftbon of fraud and other Srregulariilek Members of ihe charlty guarantee ro contrlbute an amount not e)rieedlng £1 to the assets of ihe chaflty In the tvenr of wlndln 9 up. The total numb¢r of such 9uarani*ts ai 31 December 2024 was 13 (2023: 131. The trustees are not members of the charlty. Independent examlner Plng Accountlng Umlied tradlng as Plng Chartered Cenined Accounrants was appolnted as the charltable companvs Independent examlner durfn9 the year and has expressed Its wlllln9ness to act In that capac1￿. The trusiees'7nnual report has t￿Tr apwo¥od by th* trustees on 13-May-2025 and sl9ned on thelr behalf by Guy Campb•ll Ch￿[ Pao• 14 The Sustalnable Shipplng Inltlatlve Ltd Company Reglstration No. 08652606 Charity No. 1157491 Inde endent examinerfs re I report lo the trustees on my examination of the accounts of The Sustainab18 Shipping Initiative Limited for the year ended 31 December 2024 Responsibilities and basls of report As the trustees of the charily (and also its dir8clors for the purposes of company law) you are responsible for the preparalion of the accounts In accordance with the requirements of the Companies Act 20061'the 2006 Act). Having satisfied myself Ihat the accounts of tha charity are nol required to be audited under Part 16 of the 2006 Act and are eligible for ind6p6ndent examination, I report in respect of my examination of your charitys accounts as carried out undèr section 145 of the Charities Act 2011 {Ihe 2011 Acll. In carrying out my examination I have followed the Directions given by the Charity Commisslon und8r sectlon 14515llbl of the 2011 Acl. Independent Examlne¢s statèment As the charilvs gross income exce8d8d £250,000 your examiner must be a member of a body Ilsted in sectlon 145 of the 2011 Art. I confirm that l am quallfied to undertake the examlnatlon because l am a member of ACCA. I have comp18ted my examinatlon. I can confim that no material matters hav8 Come to my attention in conn8clion with th8 èxamination givlng me cause to believe that: accounting records were nol kept in accordance with section 386 of the 2006 Act,. or - the aecounls do not accord wilh those reC￿rds. or the accounts do not comply with the accounting requlrem8nts under se¢llon 396 of the 2006 Act other than any requlrement that the accounts giv8 a Irue and faiv view which Is not a matter Considered as part of an Independent examination: or - the accounts have not been prepared in accordance wllh the Charit185 SORP IFRS1021 I have no concems and hav8 com8 across no other matters In connection wlth the examination lo whlch attentlon should be drawn in thls report In order lo enable a proper understanding of the accounts to be reached. /36(9 Nicola Cole FCCA Ping Chartered Accountsnls 11a Park Street Cambedey Surr8y GU15 3PQ 13 May 2025 Page 15 ChllrftyNty 11FI461 fi¢nd• fum1$ Memberth 4.107 284.107 6Ym 67.m 67.m 31 21 61 317 815 09 554 J17 815 41 31228 (311811 (131A 31•3 (11XI.148) 31228 Pi1811 (131A30) 31A93 (11JO.146) 181 31 31 11 P8Ge 16 The Suslalnable Shlpplng Inltlatfve Ltd Company Reglstratlon No. 08652600 Charlty No. 1157491 8olance sheet as at 31 DerAmber 2024 Nots 2024 2023 Fixod assets Tangible assets 123 23 293 293 Current assets Debtors Cash at bank and in hand 121.636 153,896 275,$31 205,576 182,153 387.729 Creditors: amounts falllng dug wlthln one y8ar 134.115 245.529 Nèt currènt assetsl(Ilabllttles} 141.416 142.199 Totsl net as¥ets or liabllltles 141.539 142.492 Fund¥ of the ChaTIty Rastrlrt¢d Incornè funds Unrostrlcted funds Revaluatlon Teso Falr value reserve (788} 142,327 31,393 111,099 Total funds 141.539 142,492 The company was entilled to exemption from audit undgr s477 of the Companies Act 2006 relating lo small companies. The memb8rs have not required Ihe company lo obtaln an audlt In accorrl8nce with se¢tion 476 of the Companles Act 2006. Th8 directots acknowledge their responsibilits8s for complyTng with the requirements of the Companies Aci Yitth respect to records and the preparauon of a(xounts. These accounts have been prepared in accordance with the provislons appllcable to smdl companies subject to th8 sma rEgime 8nd in aCco￿anCe wtth FRS102 SORP. Appffjved by ts thJstees on 13 May 2025 and signed on th8ir behalf by 1> G Campbel Chair Page 17 The 8u8talnablo Shlpplng Inluallvo Ltd Company Roglstratlon No. 08652606 Charfty No. 1157491 NotsB to tho accounts forthe ended 31 Docwnber 2024 Not• 1- Prln¢lpal 8e¢ountlng pollclos Ba818 of a¢¢otsntlng These accounts have been prepared uNler the hlstorlcal cosl convenllon wlth Items recogn18ed at Cost or transactlon value unle85 otherwls8 Stated in the relevant notels) to thase acojunts. The accounts have been prepared in acrxJrdanc8 with: th8 Ststement of Racommended Pradlce: Accountiry and Reporttng by Chariti88 preparfng thelr accounts In accordance vlth the Flnanclal Reportlng Standanl appllthle in the UK and Republlc L* Ireland (FRS 102) Issued on 16 Juty 2014 . the Financlal Repordng 8tsndard appll¢able In the Unlted Klngdom and Republlc of Ireland (FRS 102) 4 and the ChaTltles Act 2011. Publlc benefft enllty The Charfty conskns a publlc benefft enuty as defined by FRS 102. Golng ¢on¢wn The trustees conslder thal there are rK) material uncort8lntie8 al)oul the charftys abllty Io L>Jnlinue as a golng conc8m. The trust888 do not conslder thal there are any 80urces of eslimallon uncertalnty at the reporting date Ihat have a slgnfficant risk of causing a mat8rf818dlustment to the ￿nyIng amounts of assets 8nd Ilabllttles wlthin lh8 next reportlng For reasons detailed In the Irustee¥ annual rew( the Intstees do not cuislder th8 developments of the Covld.19 pandemlc to rnaterfally Impact on a8sessmont of the dwrity as a going concem. Income Rerngnilion of income ￿ Included in the Statement of Finan(aal Activilies (SOFA) *then the ¢harty becomes entilled to the rBsouros, it is more likely than not that ts trustees ￿411 recelve the resources and the monetsry value can be maasured ￿4th suffidont retiablllty. Income recelved In advance of the prothslon of a spedfied servlix ts doferrgd until lh8 crherla for inconw recognltlon are MOL Thls Is Induded In the accounts when fecelpt Is probable and the amount recdvable can be rreasure rellably. Fund ac¢ountlng Restrlrted funds are to be used for speclfic purposes 88 lald down ty the donor. Experrtllture whkh rneets Ihes8 crfterfa Is charged to th8 fund. Unr8strlcted fjjnds are donatlons and othar inwne resources recefvad orgenerated for the d￿rIlabl0 purpose& Expendlture Exp8nditur8 is recoqnised where it is more likely than not that there ts a legal or constructlve obligatK>n (x)mmitting the diarity to pay out resources and the amount of the obllgation can be measured reasonable certalnty. Governanco and support costs Support costs have been allocated bel￿Tr gov8mance costs and olher supporL Govem8nee ￿)sts o)mprlse all costs Involving public aecountabllty of the chwlty and its cOm￿tan1￿ wSth regulallon and g[￿ practhx. Page 18 The Su8tainabla Shlpplng InNlatlve Ltd Compary Reglstrallon 08652606 Charlty No. 11S7491 Notss to tho accounts for tho r •ndod 31 D0￿mber 2024 Noto 1- Prfnclpal accoundng poll¢los ¢ontlnued Fornlgn currencl08 Monetsry assets 8nd li8bllilies donomlnated In the curren(xes other than the fundlonal ￿Thency of the ¢h8rfty 8r8 translated 81 the rates of exchange prevalllng at the end of the reporttng perfod. Transactions In ¢unBncies other than the fvnctional ¢urrgncy of th8 ¢harlty ar8 recorded at th8 rnte of exchange on the date that the tr8n88cllon occurred. All oxchang8 dlffarencag aTg taken Into 8coJunt In anlvlng at net Inojmelexpgndlturn. These are cathllsed11 they can bo u88d for more than ono year, and cost at18&8t £2(K) They 8re valued at CO8L Depreclalion18 provlded at th8 follovAng annu81 ratss In order to off oath asset over Its 88llmatsd useful Ilfe: Comwrtw equlpmont 33% Stralght Llne Cornputer 80ftware Stralght Llne Fumlbjre & Flxtur88 20% Stralght Llne t)obtor• Debtors (Indudlng trade debtorB and loan8 recefvable) are measured on Inltlal recognltlon at Settlement amount after any trade dl8counts or amount advanced by the charlty. Subsequently, th8y ar8 measured at the cash or other nslder8tlon expethd to b8 recelved. Cash at bank and In hand Thls Indudes ¢88h and short temi htghty Itquld Inve8tments vAth 4 Short maturlty of months or1888 from the date ol acqu18ttlon or openlng of the depo8lt or 81mllar accounL Cv•dltorn The charlty has ￿edItOrn *thlch are mga$umd at 88tU8ment amwnts1088 any trade dlacounts Provlslons for Ilablllde8 A Ilablllty Is measured on re(￿nIllOn at It8 hlstorf(*l Ix)st and Ih8n 8ubsequenty measured at Ihe best estlmato of the amount requlred to saltte the obllgallon at the reporttng dat• 8a•lc fin•nclal Inglnim•nt• The charlty accounts for ba61c finandal Irthments on Inhlal recognltlon as per paragraph 10.7 FRS102 SORP. Subsequent measurement 1188 per paragraphs 11.17 to 11.19. FR8102 SORP. n8lon8 The tharfty operates a personal penslon plan, Is a defined Mntrlbutbn 8chem. Contrtbuttons are L*arged to Statgrnent of financlal aclfvltles In the perfods to *thlch they relat8. Tho (knrlty hag no liabltty underthe scherno other Ihan forthe payment of those (x)ntrEbutlons. Page 19 Tho PAmlalnableShlpplng Inlthth Ltd Chaymy 1157491 2023 fund fvnds Totsl lufid8 fursd8 staff Cc•ts lThile4) 74.011 724T 23,771 74.011 141.747 141.747 2037 25.471 Conwllaftcy 78.042 84￿ 182,8S1 1837 2.837 27.187 35.782 156208 24.195 4000 161.1106 24,195 1007 25.631 1351 17.347 2.351 17.347 Fordgn axdwngo {golrwMo• 23701 2870 218281 317.816 41&647 6007 422.4S3 Grnnt unrf•rfAkan fvndlng al Gr•nt und•rla*on luRdln9 8upp•rt Tot41 th 8upprt Tol*l1ft81 210,ee8 218.261 42.181 57.373 4t4, 1.595 1115.6¢7 6.807 41181 7.373 218.660 1.s95 317.815 414,OS2 1,S95 422,453 Ir•)thl•htèyArnln•¢• rfjmun•rAkn (•x¢ VAT) Notes to the accounts for the r endod 31 Decomber 2024 Note 4 . Staff costs 2024 2023 Salatss arKI w8g8S Sodal socurty costs Penston costs (defined contribution schwne) 66.097 5,061 126,426 9.718 5,604 141 747 No emplospe rece6ved total emplojw benefits (Indudlng employer national Insuran￿ and exdudlng employer pension costs) over £60,000. (2023: One employee earned wlthin the following band." £90.000- £99,999). The total employee beneffts (induding p8nslon contributions and emplO￿S nallonal Insuran￿) of the key management personnel were £59,011 (2023: £101,097) There were redundancles made in 2024 (2023: nil Th6 charity trustees were nelthar pald nor received any other beneffts fr￿￿ employment wlhin the charity in the year (2023: £nd). No charity truste8 received payment for professlonal or other services sUpp￿ed to the charity {2023. £nll} Trustees, expanses represents the payTnent or relmbursement of travd and sub818tence costs iotallthg £2,796 (2023." £2,351) incurred by two members In 2024 {2023: one member), ￿lch relatas to the 8ttandan at meetings of the trustees. Not• S - Staff numbarn The average number of employees (head count based on number of staff employed) durlng the year was 1 (2023: 2) Page 21 Th• FAthlnabla ￿IppIng Inlllathm Ltd Chwlty 1157491 (2023.. £759) Ilot• 7. Tanglblo Flx•d A8•81• Cwular C•mputsr Furnllur• Equlpm•rt 8ollwarn & Flxlurn• TotAI• At 18t Jartt*ry 2024 d51Eans At 318t Dee•mbor2024 Deprnclallon." At 18t January 2024 Charyfr for￿ At 318t D8wnb8r 2024 1788 3.583 iTll 11 431 118 41 170 Net book valu••: At 3181 De(xmlxr 2024 2023 114.467 198.406 7.170 21.636 The Sustalnablo Shlpplng Inltlatro Ltd Company Reglstratlon No. 08652606 Charlty No. 1157491 Notes lo the accounts for the r •nd8d 31 December 2024 Not• 9 - Credltors: amounts falllng due wlthln one ye 2024 2023 Tradè Credltors A￿alS and deferred income Taxation and social security Other creditors 3,374 129,912 780 1,423 235,380 120 245.529 134,115 Note 10 . Defeffod Income Deferred income comprises membershlps that have been Involced ahead of the Cal￿dar year to whlch th8y re18te. 2024 2023 Balance at the start of the reportlng perlod Amounts added In current perlod Arnounts released to Income from previous period 8alance at the end of tho reportlng peri(Jd 233,785 128,317 233,785 128.317 264,903 233,785 264,903 233.785 Nots 11 . Contlngent assets or Ilabllltles No conllngent assets or liablulies were notsd for the ended 31 December 2024. (2023 £nil) Note 12 - Taxallon The charlty ts exempt COTporallon tax as all ts income is charitable and is applied for dwritable purposes. Nots 13 . Relaled party transactlons There were no related party transactlons noted in the year to 2024 Not• 14 - Legal status of the charlty The charfty is a &Thpany Irmited by guarantee arKI has no share capital. The liabflty of each momber in the event of wlrKllng up Is Ilmlted to £1. Page 23