Charity registration number. 1131469 Chartered Institution of Civil Engineering Surveyors (Incorporat￿1 under Royal Charter) Annual Report and Financial Statements for the Year Ended 28 Felxw 2025 The Moffatts Parthership LLP Suite 1.1. First Floor Jackson House Sibson Road Sale M33 7RR Chartered Institution of Civil Englneering Surveyors Contsnts Reference and A(hninistrative Details Trustees, Report 2toll Jndependent Auditors, Rwt 12to15 Consolidaled Ststement of Financial Actsvitses 16 Consolidated Balance Sheet 17 Balan¢¢ Sheet 18 Consolidated Statement of C&8h Flows 19 NO￿ to the Financial Statements 20to42 Chartered Institution of Civil Engineering Surveyors Reference and Administrative Details Chlef Executfve Officer Mr Simon Hamlyn Charity Registration Number 1131469 CompaDy RegistratloD Number RC000832 The charity is incorwrated in England and Wales RegL8tered Office Dominion House Sibson R¢)ad Sale Man¢hest¢r M33 7PP Audltor The Moffatts Partnership LLP Suite l. l. First Floor Jackson House Sibson Road Sale M33 7RR Bankers The Co*operative Bank Page I Cbartered IDStitsllon of Cfvll Englneering Survryors Tru8tee8' Report The In￿. who are directors for the purposes of ¢ompany law, present the annual report together with the financial statements and auditors, report of the ¢haritable company for the year ended 28 F¢bNary 2025. ObJectlve8 and a¢thvltles Objects and The activities of the institution are legalty governed in accordance with: .The Royal Cbarter of Ineorporation .The regulations and 8uid¢lines of the Charity Commission Principal activities .To maintain high standards of practice and professional condud by all its memLxrs for the Ixnefit of the public and for that purpose to implement s¢h¢mes for enquiring into professional or business ¢ondu¢t an4 where n￿¢&$ary, implementing appropriate disciplinary measures. .To promote or assist in promoting resear¢h into Civil engineering surveyin8 and to publish the useful results of such research. .To provide a means of testing the qualifications of candidates for admission for membership of the institution by examination in the theory and prxtice of civil enginetting surveying and to issue diplomas, cenificates and other awards lo su¢¢¢3sful candida*s. .To or8anis¢ or $upwt the organisation of ¢onf¢ren¢e& seminar& lecttires, of Instru￿On5 and other educational events. •To estsblish and support regiot￿l or lo¢aJ branches having as their objects the filltheran¢e of the objects of the institulion. •To publish or distribute books. report promotional Mattria￿ journa]4 films. video¥ tapes and other insffiictional matter. .To provide library facilities for the use of members and others. .To make grants to universities or other educalional establishments and to esthblish SCI￿larshIpS or exhibitions and give prizes in fiwtherance of the objects of the Instilution. Pa8e 2 Chartered Institution of Civil EngineeriDg Surveyon Trustees, Report ObJe¢llves. S￿¢S1¢S and adlvlda The major activities during this period includeiL. .Alison Watson MBE replacing Batsetswe Motsumi &8 Presidfflt in September 2024. The Presidential theme for the period is 'Make Space for Education, .We signed a eontra¢t with Bluelight CRM to carry out a detsiled discovery phase for our new CRM database and website. .Dis¢overy workshops took place and feedback sessions were UDdertkn and a functional requirements document was created. A project roadmap with &8socia*d limelines h&8 been produ¢¢d to deliver the proje¢ with an anticipated 'go-Ilve' date of the Dew systqns in early November 2025 .The institution now has 35 chartered engineers. •We have Continued our bimonthly regional meelings which now in¢ludes all our overseas commillee chair4 to ensur¢ we keep abreast of all lorAI activities and initithves •We held 26 webinars •The institution continued the proce&s of applyin8 for Chartered StstU5 for Members and Fellows. This is now being undertaken in conjunction with the RICS as they own th¢ designation, Chartered Civil Engineering Surveyor. Pro￿$5 h&8 been steady. and it is anticipated that in early 2026 we could be offering existing and potential members the opportunity to become chartered. .The Industy Roundtable sel up by CICES produced a client guide titled "Do You Need a Surveyv to help professionals across the UK'S built environment sector make Inforni￿ d￿ls1On$ when procuring geospatial surveys. •The Women's Network went from stren8th to strength in &￿istIn￿ empowerin& connectin8 and advancing women in the construction and en8inettin8 wifessirn). •The institution continues to engage with Mike Kane MP who supports our lobbying effortq in Westminster. •The President and CEO enjoyed a very productive trip tom#t members and lik&mind¢d organisations in Hon8 Kong and Macau .The Anglia and Central commiltee successfulty reintroduced the Cambrid8e Lecture, held for the first at th¢ British Antarctic Survey .The institutions S-year plan was Teviewed and updated twi¢e during the pttiod .2 additional tenants rented office space in Dominion Houge Chartered InSti￿tiOn of Civil Engineering Surveyors Tn￿tee8, Report New members and updated . A total of 489 new members were admit*d during the period (including ststhts). • A total of 110 members successfully upgraded during the period. 4 426 paying members lapsed during this period • Trnstees and Officers Ind Olll¢ttJ The and offi¢¢rs s¢rvin8 during the ycar and since the year end were as follows: Trus*¢s: Lewls Jefferson Mr M*k White Rwell Welsh Daniel Wai Surn Marek Suchocki AleX￿dra Pearsall Andrew Evans All￿)n Watson MBE Adrienne YaThvty)d (resigned 17 September 2024) Mlchael Mclhatton (resigned 17 Septuni*r 2LY24) John Frnser {resi8n¢d 17 S¢pthber 2024) Batsetswe M¢tsuml Afsheen Ul-Haq Adam Holmes (reSI￿ed 23 June 2025) Robert Hubbard {r¢si8n¢d 17 September 2024) Chris Birchall P¢t¢r Hallsworth Laxman GhimiT¢ Slmon Navin (appointed 17 Swnbcr 2024) G¢nna Rourk¢ lappointed 17 Sep*mber 2024) Mark Coate5 (appointed 17 Styianber 21n4) Jim Mccluskey (Ap￿inted 17 S¢pl¢mb¢r 2024) Bernice Cowton (appointed 17 September 2024) Chief Exe¢utlv¢ Officer: Mr Simon Hamlyn Adam Hoknes {resigned 23 Junc 2025) Page 4 Chartered IDstitution of Civil Engineering Survcyors Trn$tees' Report New approved developmenl schemes There were 15 new approv¢d development stheme5 recrui1￿ between March 2024 and Febnwy 2025 . Fusion utility Networks Breedon Group Murphy Geospatial H&MV EngIn￿l￿g Barha]e SSE SISK Solum Engineering SJ Geomati¢s PlO￿nen and Craven Maltby Land Surveys Limiled Freedom Group Geomap Alun Griffiths STrATEGIC REPORT Flnancfial revlew aDnual budgetln8 polley A budget is prepared annualty to forecast all items of in¢om¢ and expmdltsre. Eath year it 1$ the Intention of the Institution to balance In￿Me with expenditiire. Reserves polky The Trustees aim to retsin a level of liquid reserves that provide sufficient working w)itsl to cover the Charlty's Day to day activities for 6 month4 tO8ether with an amount for contingencies. For the period l March 2024 to 28 Febrw 2025, expenditure exceeded inwne by £29.f23. As the accounts show, the principal fill￿ing streams are from membership sub￿riptIOnS and rentsl income from 3 tenants. The policy for invesknents is for any surplus monies lo be placed with the UK Treasury to earn maxirnurn interest at no risk to the Charity. This is in accordance with UK Cbarities legislation guidelities. Chartered Institution of Civil EDgineeriDg Surveyors Trustees, Report STRUCTURE, GOVERNANCE AND MANAGEMENT Objeel As stated in Article 4 of the Charter: "The object for which the Institution is established (hereinafter referred to as th¢ Y)bjecf) is to advance the science and art of civil engineering surveying in all aspects of the specialisations of geospatial engineering and commercial management within Civil engineering for the benefit of the publi¢. in particular. but not exclusively by upholding and advancing the standards of education. competence, prncti¢e and ¢ondu¢t of members of the institution" Hlstory The Institution was established in 1969 as the Association of Surveyors in Civil Engineering and was incorporated as a Company Limited by Guarantee (Number 1042664) on 16 February 1972. It changed its name to the tnstitution of Civil Engineering Surveyors OCES) on 31 December 1980. The Institution of Civil Engineering Surveyors became a Registered Education￿ charity and entered on the centrnl register of charities on 14 August 1991 registration number 1013672. On 2 September 2009. the Institution of Civil Engineering Surveyors was grdnted a Royal Charter of tncory)ordtioD and became a new legal entity known as the Chartered Institution of Civil Engineering Surveyors. An Asset Transfer A￿ernent was signed on the 3 September 2009 tranSfe￿Ing the assets to the Chartered Institution of Civil Engineering SurY¢yors (hereinafter referred to as the Institution). The Charity Commission granted charitable status to the Chartered Institution of Civil Engineering Surveyors on 2 September 2009, registration number 1131469. Operational strueture The organogram on page 10 shows the organisational and de¢ision-making structtwe of the Insti￿tiOn. The decisions or recommendations made by the various committees are submitted to Council of Management for ¢ndorsement or approval compliant with the Charter and Byelaws. Committees. Panels and Working Groups are comprised of members with specific knowledge and expertise in the relevant area for which they are estsblished. The Institution has a detsiled and enforceable Rules of Professional Conduct that are published on the web site www.¢itts.org The Couneil of Management (COKJ The governance and control of the Institution and its affairs is vested in the Com in accordan¢e with Article 10. l of the Charter. Com meets at least 3 times each year to consider and approve business generated by the Institution's committees. panels and working groups. Page 7 The Com comprises the PresidenL a Senior Vice PresidenL Vice President and Immediate Past PresidenL nominated in accordance with Byelaws 35 - 37, and fourteen members etther elected by postal ballot of the tnstitution's corporate membership or appointed or COpOPted by Com in a¢¢ordance with Byelaws 41 and 45 - 47. All members of Com are directors and tsiistees of the Institution. Those who held offi¢e during 202¥2025 are shown on page 4. Members of the Institution give their time to Com and ¢ommittees on a voluntary basis. The success of the tnstitution is dependent upon the efforts of its members supported by professional staff. The Chief Executive Officer (CEO) is responsible to the Com for all aspects of the day-ttrday business operations of the Institution. Regions of the Injtitulion To provide for members. requirements the United Kingdom is divided into 8 regions including Northern Ireland and Ireland, Hong Kong, Macau, United Arab Emirdtes, Kingdom of Saudi Arabi4 The Americas. Australia - CICES Oceania and Singapore. Each region appoints its own Chair and regional Committee members and op¢rates on subventions based on budgeted activities and sponsorship incom Page 7 Chartered Institstion of Civil EngiDeeriDg Surveyor3 Trustees, Report RelatloDsblp wlth other professlonal organlsatlons The Institution ¢urrentty operates with other UK-b&8ed constru¢tioD orientated organisation4 many of which also operate worldwid< including: .The Institittion is a member of the UK constru￿On Industy Coun¢il (CIQ .The tnstitution is a member of the Federation Internationale de Geometres (FIG) an knternational Federation of Surveyors .The Institution has a wholty owned trading subsid1￿ SURCO Limited which o• in accordance with UK Charities legislation .The Instituti￿ 1$ a Eicensed member of the F￿gineering Coun¢il (EC) .The Institution 1$ a member of the InternatiODal Cost Engin¢¢ring Council UCEC) .The Institution is a member of the Professional Engineuing Committee (PEC) In addition to the foregoing the Institution has close and regular liaison amongst othry includin& .The Royal Institution of CharteTed SuTveyorn (RICS) .The Chartered Jnstitute of Building (CIOB) .The Chartered Insiittite of ArbilratOTS (CL4rb) .Chartered Institute of Architectur￿ Technologists [CIAT] .The Survey Association of the United Kingdom (TSA) .Institution of Incorporated Engineers Sri Lanka (IIESL) .Hong Kong Institute of Surveyors (HKIS) .Hong Kong Insti￿te of Commercial Management (HKICM) .Hong Kong Instituts of Utilities Specialists tHKIUS] .Macau Society of Cost Engin¢¢rs tMSCE] •Geospatial Council of Australia [GCA] .Construction Industy Research and InfoTmatiOD Association [CIRIA] .Royal Academy of Engineering (K4Eng) .University of Estate Management tUCEM] .Built Environment khools Trust tBEST] .Association for Project Management [APM] .Chartered Association of Building Engineers (CECA) .tnstitute of Workplace and Facilities Management UW&FK) •lnstitution of Civil Engineers (ICE) .ConslJuction A$s￿l8t10n of Building Enginetrs (a4BE) .Survey Liaison Group (SLG) .Institute of M¢chanieai Engineers [IMECHE] .Royal Geographi¢ So¢iety [RGSI .American Society of Civil Engineers [ASCE] .Charted Institution of Highways and Transport [c￿tr] .Building SMART Hong Kong tBSHK] .BKSURCO .Clwted tnstitute of Procu￿rnent and Supply [CIPS] Page 8 Chartered Institution of Civil Engineering Surveyors Trustees, Report Organtsallonal sÉrucÉure Ices Chartered Institution of Civil Engineering Surveyors C4ye C¢¥Nnitiees COUNCIL OF MANAGEMENT Gegsg*tyal •ctreJ Comrnittee (L￿T￿r[la1 Mw¥erncM it15ctt Cofftrnliite xts & D¢wte CW l*etuENr Offtinions we have formed. Page 14 Chartered Institution of Civil EngiDeeriDg Surveyors Independent Auditor's Report to the Members of Chartered Institution of Civil Engineering Surveyors Saxo donb CA jsenior Statutory Auditor) alf of The Moffatts Partnership LLP, Statutory Auditor Suite J. I, First Floor Jackson House Sibson Road Sale M33 7RR Date: 3rd September 2025 Page 15 Chartered Institution of Civil Engineering Surveyors Consolidated Statement of Financial Activities for the Year Ended 28 February 2025 (Including Consolidated Income and Expenditure Aeeount and Statement of Total Recognised Gains and Losses) Unrestrlcted funds Total 2025 Total 2024 £ (As res¢ated) Restrleted funds Note Income And Endowments from: Charitable activities Other trading activities tnvestment income Other income 1,053,202 114,894 48,629 30 1,053,202 122,160 48,629 997,447 139,198 20,644 7266 Total income Expendlture on: Raising funds Charitable activities (96,010) (96,010) (86,399) 1 112316 Total expenditure Net (expenditureyincome Transfers between funds 1302 388 1302 388 1198715 (85.633) 38.532 55,810 (38,532) (29,823) (11,421) Other re¢ognlsed galns and losses Other gain&llosses 613 Net movement in funds (47,101) 17278 (29,823) (l2,034) Reconeillation of funds Totsl funds brought forward 2078 106 753 Totsl funds carried forward 23 2031005 2 161930 All of the wup's activities derive from continuing operntions during the above two periods. The funds breakdowi for 2024 is Sho￿ in note 23. The notes on pages 20 to 42 forn] an integral part of these financial statements. Page 16 Chartered Institution of Civil Engineering Surveyors (Registration number: RC000832) Consolidated Balance Sheet as at 28 February 2025 2025 2024 £ (As restated) Note Flxed assets Tangible assets Investments 15 16 978.607 .006.828 111959 118787 100 053 Current 8$sets Stocks Debtors Cash at bank and in hand 17 18 19 700 173,284 1345 426 1.519,410 700 85,190 1386 708 1.472,598 Creditors: AmouDt5 falling due withill one ytfdr 20 456.533 398,633 Net current assets 1062 877 1073 965 N¢t assets 2 162 930 2 192,752 Funds of th¢ group: Restricted income funds Restricted funds 131.Y25 115,172 Unrestricted iDcome funds Unrestricted funds Revaluation r￿erve 1,809,590 221415 .856,165 Total unrestricted funds 2031005 2 077 580 Total fuDd$ 23 2 162 930 2.19 752 These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part l5 of the Companies Act 2006. The financial statements on pages 16 to 42 were approved by the truslees, and authorised for issue on 3rd September 2025 and signed on their behalf by: Chris Birchall Trustee The notes on pages 20 to 42 forni an integral part of these financial ststements. Page 17 Chartered Institution of Civil Engineering Surveyors (Registration number: RC000832) Balance Sheet as at 28 February 2025 2025 2024 Nole fixed assets Tangible assets Investments 15 977,983 1,005,579 1005 580 Current assets Stocks Deblors Cash at bank and in hand 17 18 200 145,015 1305 974 1,451,189 200 100.890 1.349 223 1,450,313 19 Creditors: Amounts falling due within one year 20 445.482 N¢t Current assets 1005 707 1049 829 Net assets 1.983.691 2.055 409 FuDds of the charity: Restricted income funds R¢stri¢ted funds 10.480 3.215 Unrestrieled income fund5 Unrestricted funds Revaluation resetve 1.751.796 221.415 1,830,779 221,415 Total unrestrictrd funds 2 052 194 Total funds 23 1.983.691 2.055.409 These financial ststements have been prepared in a¢cordan¢e with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 16 to 42 wcrc approved by the Irustees. and authorised for issue on 3 September 2025 and signed on their behalf by: Chris Birchall Trustee The n0*5 on pages 20 to 42 fomi an integral part of these financial statement& Page 18 Chartered Institution of CiviI Engineering Surveyors Consolidated Statement of Casb Flows for the Year EDded 28 Febrnary 2025 2025 Note Cash Ilolvs from opernting aetivilies Net cash expenditure (29,822) (41,537) Adjustments to easb Ilows from noTrcasb items Depreciation Joint venture profit tnvestsnent incom¢ Foreign currency translation Loss on disposal of tangibk ￿ed a&sets 31.960 (48.544) (36,481) 30,166 (16.551) (613) 36 (27.299) (82.88 Worklng capllal adjustments Increase in debtors Increase in creditors 18 (88.095) (20.550) Net flows from operting a￿1ville$ 113080 Casb Ilows from investing actfvStles Interest received Acquisition5 of taDgil>le assets Net ¢ash flows from investing adivities 75J38 46.056 Net (decreaSeYin￿eas¢ in cash and cash equivalents (41.282) 35234 Cash and cash equivalents at l Mar¢h 1386 708 Cash and c&8h equivalents at 28 February All of the cash tlows are derived frim continuing OW*ions during th¢ above two periods. The notes on pages 20 to 42 form an inte￿￿ part of fmancial statements. Page 19 Chartered IDStithtion of Civil Engineerlng Surveyors Notes to the FinanelAI Statements for the Year Ended 28 February 2025 I Charity ststus The charity is limited by guarantee, incoTwr*￿ in Eng]and and Wal4 and consequently does not have slwe Capital. The address of its registered otTice is: Dominion House Sibson Road Sale Manchester M33 7PP 2 Aeeo4ntlng polieies Summary of sfignifKant accountiDg polkies and key aeeountlng estimates The principal accounting policies appli¢d in the prepaMion of these financial statements are set out below. These p)licies have been consistentty applied to all the years unless othThise stste Statement of ¢ompllanee The fjnancial statements have been prepar¢d in a¢¢ordance with A¢o)unting and Reporting by Charities: Statement of Recommended Practice (applicable to ¢lwities preparing their accounts in a¢cordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102)) (issued iti October 2019) - (Charities SORP (FRS 102)A the Financial Reporting Slandard applicable in the UK aud Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparalfjon Chartered Institution of Civil Engineering Surveyors meets the definition of a public benefft entity under FRS 102. Assets and liabilities are initially recognised at historical cost or Iransaction value unless Othenvi￿ stated in the relevant accounting policy no￿. Basis of eonsolidath)n The consolidated financial statements consolidal¢ the finan¢ial statements of the charity and its subsidiary undertakiw drawn up kn 28 February 2025. No statement offllwicial activities is presented forthe charity as pmitted by section 408 of the Companies Act 2006. The charity made a loss for the fllwicial year of £71.717 (2024- profit of £464). Page 20 Chartered Institution of Civil Engineering Surveyors Notss to the Financial Statements for the Year Ended 28 February 2025 A subsidiary is an entity controlled by the ¢harity. CoDtrol is achieved Whe￿ th¢ charity has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. The results of subsidiarie3 a¢quired or disposed of during the year are included in the statement of fmancial activities from the effective date of acquisition or up to the effective date of disposaL as appropriate. Where necessary. adjusknents are made to the fllwicial statements of Subsidiaries to bring their accounting policies into line with those us¢d by the group. The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given. equity instruments issued and liabilities inCu￿d or assumed at the date of exchange* plu5 ¢05ts directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer's interest in the net fair value of the identifiable assety liabilities and contingent liabilities recognised is recorded as goodwill. Inter-company transactions. balances and unrealised gains on transactions between the charity and its subsidiarie which are related parties. are eliminated in full. tra-group losses are also eliminated but may indicate an impairn)ent that requires reco￿ltiOn in the consolidated fmancial statements. Arxounting policies of subsidiaries have been changed where nece￿ary lo ensure con$is*ncy with the policies adopted by the ￿0uP. Non-controlling interests in the net assets of ￿nsOl1da¢ed subsidiaries are identifi¢d separately from the group's equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder's slwe of changes in equity since the dat¢ of the combination. Total cornprehensive income is attributed to non*controlling interests even if this results in the non- controlling interests having a deficit balance. Going concern The trustees consider that there are no material uncertainties about the wp's ability to Continue as a going concern nor any significant areas of uncertainty that affect the canying value of assets held by the wup. Restatement of ¢omparatlve figures Figures for the year ended 28 February 2024 have been restated iti respect of trading income analysis, UK regional funds regarding income and ¢xp¢nses, joint venture fimds have been moved from unrestricted funds and joint venture net assets. Page 21 Chartered Institution of Civil Engineering Surveyors Notes to the Financial Statements for the Year Ended 28 Febrnary 2025 Revenue RecognltloD Income & Endowments comprises the fair value of the consideration received or r￿e1vable for fimds received and provision of services. tncome includes subscriptions. events, lectures & Conferences. trnining advertisin& rents received and interest receive4 net of discounts and VAT. Payments received in advance are held as deferred income. Subseriptlons - Subscriptions from members and due annually and are re¢ognised in the period to which the subscription relate& Eventy IActures & Conferenees - Income from event4 lectures & conferen¢¢s 1$ re￿gnised when the event has taken place. Tralning - Trdining incom¢ relates to in-house trainin& services which are provided directly to customers. Turnover is recognised when trdining h&8 taken place Adverttslng - Advertising relates to adverts placed in the journal, wallplanner. website or at events. Twnover is recognised when the advert goes live. Rents Received - Rents Teceived are r¢¢ognised in the period to which the rent relates. Interest Income- Interest received is recognised as the interest is a¢¢rued Invulmenl Income Dividends are reco￿lised once the dividend has been declared and notification has been received ofthe dividend due. Expendlture All expenditure is reCo￿lSed once there is a legal or constru¢tive obligation to that expenditire, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditu heading that aggregats similar Costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consislent with the use of resourc￿, with central stsff costs allocated on the basis of time spen( and depreciation Charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. RaLflngfvnds These are ¢o$ts incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charllable aclmdes Charitable expenditure Comprises those costs Incurred by the charity in the deliw of its activities and servlces for its benefi¢iaries. It includes both costs that Can be alli)cated directly to such activities and those costs of an indirect nature n¢¢essary to support thern. Page 22 Chartered Institution of Civil Engineering Surveyors Notes to the Finanefial Statements for the Year Ended 28 February 2025 Governance Costs These include the costs attnTrutable to the charity'5 complia[￿e with constitutional and statutory requirement4 including audiL strategic management and tn￿ meetings and reinthursed expenses. TaxatloD The charity is considered to pass the tests set out in Parawh I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitsble ¢ompany for UK ¢wation lax purpo￿. Acxordingly. the charity is Potentially exempt from taxation in respect of income or capital gains re¢¢ived within categories covered by Chapter 3 Part 1 l of the Corporation Tax Act 2010 or Section 256 of th¢ T￿atIon of Chargeabk Gains Act 1992, to the extent that such income or gains are applied ¢xclusivety to ¢haritable puryoses. Tangible fixed assets Individual fixed assets costing £0.00 or mLYe are inrtialty recorded at COS4 less any subsequent accumulated depreciation and subsequent wxuniulated impairment losse5. Depreelation and amortlsatlon Depreciation is provided on tangli )le fixed assets 50 as to write off the cost or Valuatio￿ less any eStIll￿ residual value, over their expected USefi￿ e¢oDOmiC life as follows: Asset elass Freehold properties (excluding land) Fixtures & Fittings Computer equipment Website Deprttiation rneth(￿ and rate 2.5Vo Straight line basis 21P/o Straigbt line b￿lS 25Vo Straigbt line basis 25% Straight line basis Buslness eomblnatlon$ Business combinations are ac￿Unted for under the pur¢hase method. Where ne¢essary, adjusthients are made to the fmancial statements of subsidiaries to lying the accounting policies used into line with those used by the group. All intra-group transa¢tion4 balances. income and expenses are eliminated on consolidation. In accordance with Section 35 of FRS 102, Section l9 of FRS 102 has not been applied in these fll)ancial statements in respect of business ¢ombinations effected prior to the date of transition. FiIed as*t investments Fixed &8set invesknents other than Pro￿nMe related investment4 are included at mad(et value at the balance sheet dale. Realised gains and losses on inveslments are calculated as the difference between sales proceeds and their market value at the start of the year. or their subsquent cos4 and are chatged or credited to the Statement of Financial Activities in the period of di4x)sal. Unrealised gains and losses represent the movanent in market values during the year and are credited or ¢barged to the Statement of Financial Activities based on the mats value at the year en Page 23 Chartered Institution of Cfvll Engineering Surveyorg Notes to the Financial Statements for the Year Ended 28 February 2025 Sto¢k Stoek is valued at the lower of cost and estimated selling pric¢ less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is detern)ined using the first-1￿ first-out (FIFO). Trade debtors Trade debtors are amounts due from Customers for Merchandise sold or servic¢s perfornied in the ordinary ¢ourse of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairn)ent. A provision for the impainnent of trade debtors 1$ ¢stsblished when there is objective evidence that the Charity will not be able to collect all amounts due according to the original ternis of the receivables. Cash and eash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni highly liquid inveslments that are readily convertible to a known amount of cash and are subject to an insignificant risk of ch￿e in value. Trnde credltors Trade Creditors are obligations to pay for goods or services that have been Kquired in the ordinary course of business from suppliers. Accounts payable are classifjed as current liabilities if the charity does not have an unconditional rigbl at the end of the reporting Perio￿ to defer settlement of the creditor for at least twelve months after the r¢porting date. If there 1$ an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as nonrfurrent liabilities. Trade creditors are recognised initially at the transaction price and subsequentty me&8ured at amortis¢d Cost Using the effective interest method. Borrowlngs Interest-bearing borrowings are initially recorded at fair value, net of transaction ¢osts. Interest-bearing borrowings are subsequently Carried at amortised ¢os¢ with the difference between the proceeds, net of transaction costs. and the amount due on redemption being re￿gnised as a Charge to the Ststement of Financial Activities over the period of the relevant bom)wing. tnterest expense is re¢ognised on the basis of the efftctive interest method and is included in interest payable and similar charges. Borrowings are classified as ¢UTrent liabilities unless the ¢harity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting da*. Page 24 Chartered Institution of Civil EngineerAng Surveyor8 Note8 to the FinaDcial StatemeDts for the Year Ended 28 February 2025 Foreign excbgnge Transactions in foreign CUTrencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differen¢es arising on translation of the opening net assets and results of overseas operations are Teported in other Comprehensive In¢ome and accumulated in equity (attributed to non-controllin8 interests as appropriate). Other exchange difftrences are recognised in the Statement of Financial Activities in the period tn whi¢h they arise except for: l) exchange differences on transactions entered into to hedge cetsin foreign currency risks (see above); 2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income: and 3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forniing part of the net investment in the foreign operation). which are recognised in other comprehensive income and reported under equity. Fund struetsre Unr¢stricted income fimds are general funds that att available for use al the trnstees discretion in furtherance of the obj¢¢tives of the group. Designated fimds are unrestricted funds set asi(k for specific puryoses at the discretion of the trustees. Restricted income funds are those donated for use in a parti¢ular area or for specifi¢ purposes. the use of which is restricted to that area or purpose. PeDslon$ and other post retlrement obllgatlons The group operates a defmed contribution pension scheme which is a pension plan under which fixed contrjbutions are paid into a pension fund and the group has no legal or constructive obligation to pay further C0ntn￿utIonS even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the cu￿ent and prior periods. Contribution$ to defmed contribution plans are recognised in the Statement of Financial A¢tivities when they are due. If contribution paym¢nts exceed the wntribution due for s¢rvi¢e. the excess is recognised as a prepayment. Page 25 Chartered Institution of Civil Engineering Surveyors Notes to the Financial Statements for the Year Ended 28 February 202S Ffjnanelal Instruments Cl4ssWcallon Financial assets and fman¢ial liabilities are recognised when the group becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are ¢lassifJed according to the substance of the contractual arn8ements entered into. An equity instrument is any ¢ontra¢t that evidences a residual interest in the assets of the group after deducting all of its liabilities. Recognldon and nw$4remen¢ All fman¢ial assets and liabilities are initially measured at transaction price (including transaction costs), except for those fman¢ial a55ets classified as at fair value through profit or loss, which are initially measured at fair value (which is nornially th¢ transaction price excluding transaction costs). unless the arrangement constitutes a financing transaction. If an arrangement constitutes a fmancing transaction, the fman¢ial asset or fmancial liability is measured at the present value of the future payments dixounted at a market rate of interest for a similor debt instriunent. Financial assets and liabilities are only offset in the 3tstement of financial posltion when, and only when there exists a legally enforceable right to set off the reCO￿lSed amounts and the group intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are dere¢wised when and only when a) the contractual rights to the cash flows from the financial &sset expire or are settle(L b) the 8roup transfers to another paty substantially all of the risks and rewards of ownership of the fmancial asse( or c) the wup, despite having retsined some, but not all, $i￿1ficant risks and rewards of ownershipi h&8 transferred control of the 088et to another party. Financial Ilabilitles are derecognised only when the obligation specified in the contract ts dls¢h4rged, can￿lIed or expires, Page 26 Chartered Institution ofcivil Engineering Surveyors Nots8 to the Financial Statements for the Year Ended 28 Febrnary 2025 Debl Inslrnments Debt instruments whi¢b meet the following ¢ODditioDs are subsequently measured at amortised cost usingthe effective interest rneth￿. (a) The contractt￿l rettwn to the holder is (i) a fixed amoun¢ (li) a positive fixed rate or a positive variabk rate; or (iii) a combination of a positive or a negative fixed rate and a positive variabl¢ rate. (b) The ¢ODtra¢t may provide for repayments of the principal or the r&urn to the holdff (but not both) to be linked to a single relevant observable index of gemeral price intlation of the cumq in which the debt insliiiment is denominatrf provided su¢h links are not levrye (c) The contract may provide for a d&¢rniinable variation ofthe return to the holder during the lifr of the instrumenL provided that (i) the new rate satisfies ¢ondition (a) and th¢ variation is not Contingent on future events other than (l) a change of a contractual variable rate; (2) to prote¢t the holder against ¢redit deteriotation of the issuer. (3) changes in levies applied by a central bank or arising from clwiges in relevant taxalion iff law: or (ll) the new rate is a market rate of interest and satisfies condition (a). (d) There is no ¢Ontracts￿ provision that ¢ouK by its tenn4 resuk in the holder losing the principal amount or any interest attributsble to the current period or prior periods. (e) Contractual provisions that pern)It the issuer to prepay a debt instrument or perniit the holder to put it back to the issuer before maturity are not ¢ontingent on futsre even￿ other than lo protect the holder against the credit deterioration of the issuer or a ¢h8nge in control of the i&suer. or to protect the holder or issuer against changes in levies applied by a ¢entral bank or arising from changes in relevant laxation or law. (O Contracttial provisions may p&mit the extensioD of the terni of the debt iDstrumenL ￿0Vided that the retsirn to th¢ holder and any other contracts￿1 provisions applicable during the extended terni satisfy the Conditions of paTagTaphs (a) to (c). Debt inslnllnents that are cl&s8ified as payable orreceivable within one Ye￿ on initial recognition and which meet the above conditions are me&8ured at the undiscounted amount of the Cash or other consideration expected to be paid or receiv￿ net of impairnienL With the exception of some hedging inStrUmM￿ other d¢bt iDstrum¢nts not meeting these conditions are measured at fair value througb profit or loss. Commilments to make and receive loans whi¢h meet the WDditions mentioned above are measured at cost (which may be nil) less impairnienL Invuln￿nts Investhients in non-convertibk preference shares and non-puttabl¢ ordinary or prefcrence shatts (where shares are publicly traded or their fair value is reliabty measurable) are me&8ured at fair value through profit or loss. Where fair value ￿[mot be measured Teliably> invesltnents are measured at cost less impairni¢nL Investments in subsidiaries and associates are measured at cost less impairmenL For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the sbarts issued plus fair value of othff consideration. Any premium is ignored. Page 27 Chartered Instithtion of Civil Engineering Surveyors Nota to the Financial Statements for the Year Ended 28 February 2025 The group uses derivative financial instruments to reduce exposure to forei￿ ex¢hange risk and interest Tate movements. The group doe5 not hold or issue derivative financial instruments for speculative puw¢5. D¢rivatives are initially recognised at fair value at the dat¢ a derivative a)ntract is entered into and subsequently reme&8ured to their fair value at each reporting date. The resulting gain or loss is reCO￿lSed in statement of fman¢ial activities immediately unless the derivative ts designatoa and effective as a hedging instrumen( in which event the timing of the re¢wition in statement of fMan¢1￿ activities depends on the nakn of the hedge relationship. Falr vathe nwSuren￿nt The best evidence of fair value is a quoted price for an Identi￿ asset in an active market. When quoted prices are unavailable. the price of a recent transaction for an Identic￿ asset provides evidence of fair value as long as there h&8 not been a significant change in economic circumstances or a signifi¢8nt lapse of time sinrx the transaction took place. If the market is not active aad recent transactions of an identical asset on their own are not a good estimate of fair value. the fair value is estimated by using a Yah￿10n trchnique. 3 Ineome from eharltabk activltles Unrestrfficted funds General Total 2025 Subscriptions I053 202 Unres¢ri¢ted fund$ General Totsl 2024 Subscriptions 4 Income from other tradlDg aetfvld funds G¢Dernl Totsl 2025 Tolal 2024 funds TTading income: Publishing and consultancy Advertising and training Events income. Conferences and similar evfflts 1992 53,663 2,992 53,663 53239 32,996 58 39 66 139 198 Page 28 Chartered Institution of Civil Engineering Surveyors Notes to the Finaneial Statements for the Year Ended 28 February 2025 S Investment in¢om¢ Unr¢5tri¢ted funds Ceneral Total 2025 Total 2024 tnterest receivable and similar income. tnterest receivable on bank deposits tncome from rents 36,481 36,481 16,551 6 Other ineome Unrestrkted funds General Restrleted funds Total 2025 Total Income from joint veni)re Other income 48,544 48,544 30 29,505 500 30 30 7 Expenditure on raising funds Costs of trnding actlvltks Unrestrleted funds Ceneral Total 2025 Total 2024 Nots Direct costs Events and conferences 66.680 66.680 61,5(10 Page 29 Chartered Institution of Civil Engineering Surveyors Notes to the Financial Statements for the Year Ended 28 February 2025 8 Expenditure on eharilable activities Unrestrieted funds General Total 2025 Expenditure on the advancement of the science and art of Civil Engineering Surveying Personnel Administration Premises Costs Miscellaneous Depreciation Goveman¢¢ Costs 169.764 713.744 134,213 74.277 34.080 31.960 169.764 713,744 134.213 74.277 34.080 31.960 48 1206 378 Unrestricted funds General Total 2024 Expenditure on the advan¢¢ment of the science and art of Civil Engine¢ring Surveying Personnel Administi*ion Premises Costs Mi￿elIan¢0lls Depreciation Governance Costs Bad Debts Loss on Disposal 155?39 676.718 99.511 94.415 21.657 30,166 39,697 (6,423) 36 1 112316 155?39 676.718 99.511 94.415 21.657 30,166 39,697 (6.423) 1112316 Included in the above are governance ¢o$ts of £48,340 (2024 - £39,698) which relate directly to charitable activities. See note 9 for furthv detai]s. Page 30 Chartered Institution of Civil Engineering Surveyors Notes to the Financial Statements for the Year Ended 28 Febrnary 2025 9 Analysts of governance and support Costs Governan¢¢ costs Unrestricted funds General Total 2025 Audit fees Audit of the financial statements Other fees paid to auditors Legal fees Other governan¢e costs 8250 10.505 10,104 8250 10,505 10,104 Unrestricted funds General Total 2024 Audit fees Audit of the financial statements Other fees paid to auditors Legal fees Other governance costs 8,083 9.931 4,953 8.083 9.931 4,953 Page31 Chartered Institution of Civil Engineering Surveyors Note8 to the Financial Statements for the Year Ended 28 February 2025 10 Net ineominpjoutyolDg r¢sour¢es Net (outgoIngY￿¢OMin8 resour￿ for the year include: 2025 2024 Audit fees Other non-audit services Loss on disposal of fix¢d assets held for the group's own use Depreciation of fixed &8sets 8250 3.850 8.083 7,281 1236 I l Trustees remuneration and expenxs No tjustees nor any per$Th￿ conDe¢ted with thenL have received any remuneration from the group during the year. No t￿￿S have received any reimbursed expenses or any other benefits from the charity during the year. 12 Staff ¢￿ts The awegate payroll costs were as follows: 2025 2024 Staff costs durlng the year were: Wages and salaries Social security costs Pension costs 578,347 42.999 27.434 54,868 33,187 713 746 676 716 The monthly average number of persons (including sfflior management I kadership team) employed by the group during the year exwessed ￿ full lime equivalents was as follows: 2025 No 2024 Administration and support 14 14 The number of employees whose emoluments fell within the following band8 W&8: 2025 2024 £70.001- £80.000 £90.001- £100,000 Page 32 Chartered Institution of Civil EngineerAng Surveyors Notes to the FiDancial Statements for the Year Ended 28 FebruAry 2025 13 Audltor8' remuneratlon 2025 2024 Audit of the financial statements Other fees to vludltors All other non-audit services 14 Taxatlon The group is a registered charity and is therefore exempt from tsxation. 15 Tanglble fix¢d assets Group Land and bulldlngs Furnlture and ¢qulpmeDt Total Cost At l March 2024 Additions 1250,000 107,679 1.357.679 At 28 February 2025 111419 1361419 Depreelatlon At l March 2024 Char8e for the year 281,250 69,601 13 350,851 At 28 February 2025 382812 Net book value At 28 February 2025 950 000 978 607 At 29 February 2024 968 750 1006 828 Page 33 Chartered Institution of Civil Engineerlng Surveyors Notes to the FinAneial Statements for the Year Ended 28 Febrnary 2025 Cbarlty iAnd and bulldln Fllrn1t￿r¢ 4nd equlpmetht Total Cost At l March 2024 Additions 1250,000 107.679 1,357,679 At 28 February 2025 Depreelatlon At l March 2024 Charge for the year 136J 419 281250 69.601 13 350,851 At 28 February 2025 382 812 Net book value At 28 FebNary 2025 978 607 At 29 February 2024 Included within the net b(*)k value of land and buildsngs above is £950,(X)0 (2024 - £968,750) in respect of fre¢bold land and buildings and £Nil (2024 - £Nil) in respe¢t of leaseholds. Over W/0 of tsngibl¢ fixed assets w￿¢ used for charitable purposes. Surplus office space is rented out to third parties via Sub leases. All funds generated by R¢ntsl income are u*1 for Charilable purposes. Freehold land and buildings were valued on an open market basis on 14 Septanber 2009 by Stevens S¢anlan LLP, Chartered Surveyors. The Trustees are of the opinion that the market value not changd since thi$ date. 16 Flxed asset Invostments Group 2025 2024 Shares in grnp undertakings and parti¢ipating interests 111959 Detslls of UDdertakSngs Details of the inveslments in which the group holds or more of the nominal value of any clas$ of share capitsl are as follows: Page 34 Chartered Institution of Civil Engineering Surveyors Notes to the Financial Statements for the Year Ended 28 Febrnary 2025 Country of Ineorporntion Proportion of voting rights and 5bares beld PrineSpal aetivity Undertaklng Holding 2025 2024 Sub$idlary Undertakings Publi¢ation4 adv¢rtisin& training conferences Surco Limited England and Wales Ordinary share capital loo% IOOQ/o Jolnt ventures conducting seminars Construction BK Surco Limited Hong Kong Ordinary share capital 50QA 50Y• Subsidiaries The loss for the financial period of Surco Limited was £22,661 (2024 - £11,881) and the aggregate amount of capital and reserves at the end of the period was £(315.466) (2024 - 4292,804)). JolDt ventures The fman¢ial period end of BK Sur¢0 Limited is 31 December. The profit for the fmancial period of BK Surco Limited was £97,088 (2024- £100,100) and the aggregate amount of Capital and reserves at the end of the period w&8 £242.888 (2024 - £238,421). The subsidiary Surco Limite4 owns S(Vh of the ordinary share ¢apitsl of BK Surco Limited which is registered in Hong Kong. its registered office is Suite 1901-2, 19th Floor, Hopewell Centr4 183 (￿een'S Road E￿ Wanchai. Hong Kong and its principal a¢tivity is conducting Seminars on construction management. 17 Sto¢k Group Charity 2025 2024 2025 2024 Stocks 700 200 Page 35 Chartered Institution of Civil EngiDeering Surveyors Notes to the Finaneial Statements for the Year Ended 28 Febrnary 2025 18 Debtors Group Charlty 2025 2024 2025 2024 Trade debtors Due from g￿P undertakings Prepayments VAT recoverable Other debtors 12.775 18.346 2,277 2298 33,194 44,147 21251 113.847 35.734 45.876 20,968 95,460 36,350 145 015 100 890 19 Cash and Cash equfvalents Group Charlty 2025 2024 2025 2024 Cash on hand Cash at bank Short-ternj deposits 155 566,764 778 507 1345 426 124 155 527.312 124 629,124 719 975 1349 223 666,609 719 975 1386 708 1305 974 20 Creditors: amounts falllng due wlthln one year Croup Charity 2025 2024 2025 2024 Trade creditors Other taxation and social security Other creditors A¢cruats Deferred income 100,372 27,111 6,679 39,504 282 867 456 533 81.099 15,035 5,498 14.997 106,161 18,680 5.220 32,554 282 867 94,513 9,884 4,036 10,047 282 004 400 484 398 633 Page 36 Clwtered Institutlon of Civil Engineering Surveyors Notes to the Financial Statements for the Year Ended 28 February 2025 21 Obligations under leases aDd hlre pur¢hase ¢ontra¢ts Operathig lease eommltments Total future minimum lease payments undff non-cancellabk operatin8 leases are as follows: Group Charfty 2025 Other Within one year Between one and five years After five years 8,753 35,012 7262 29,048 8,753 35,012 7262 29.048 43 22 Pen￿On and other sebemes DefiDed CODtributloD peDslon xheme The group operates a defmed contrilNJtion pension scheme. The pension charge for the year represents ¢ontributions payable by the group to the scheme and amounted to £33.186 (2024- £27.434). Page 37 Chartered Institution of Civil Engineering Surveyors Notes to the Finaneial Statements for the Year Ended 28 Febrnary 2025 23 Funds Group BalaDee at I March 2024 IncomiDg Ruourcol expended Balante At 28 February 2025 Unrestrkted thnd$ General Funds 1.856.167 1255,810 (1,302,387) 1,809,590 Restricted funds Regional Fund (l) Joint Venture Valuation (2) 3215 111957 7,266 10,481 Totsl restricted funds 115,172 16.753 131.925 Other funds Revaluation T¢￿e Total funds 2 192 754 1272 563 1302 387 2 162 930 Page 38 Chartered Institution of Civil Engineering Surveyorg Iyotes to the Finaneial Statements for the Year Ended 28 February 2025 Balance at I Mareh 2023 Incoming resources Other re¢ognls¢d Balance at 29 g￿l￿(lo8$e$) February 2024 expended Transfers Unrestrieted funds Generql General Funds 1,930,481 1,187,294 (1.198.715) (62,893) 1.856,167 Dulgnaled D¢signat¢d Funds Total unrestrieted funds 1972481 1 187 294 1 198 715 1856 167 Restrieted fund$ Regional Fund (l) Institution Prizk Fund Joint Venture Valuation (2) 3,828 7.064 (613) 3.215 (7,064) 111957 111957 Total reslrfficted funds 10,892 104,893 (613) 115,172 Other fuDds Revaluation reserve Totsl fund$ 2 204 788 l 187294 1 198 715 613 2.19 754 Page 39 Chartered IDstitutioD of Civil Engineering Surveyors Notes to the Financial Statements for the Year Ended 28 February 2025 The specific purposes for which the restricted funds are to be applied are as follows.. l) The CICES Hong Kong Regional Fund was established in 1978. Funds are donated 8nnually by the eharitsble eompany to regional committees throughout the UK and ov¢r5¢as. The rapitsl and in¢om¢ are used to provide lectures and Coryordinate loMI octivities which further the charitable company's objectives. Th¢ Fund is invested in short-tenn deposits. 2) The joint venture Company BK Sur¢0 Ltd was established in Hong Kong in 2009. The charity own$ a 500A share in the company, funds and donates to provide lectures and the charity receives dividends in respect of profits made. The fimd represents 50Vo of the net assets of the company. Page 40 Chartered Institution of Civil Engineering Surveyors Notes to the Financial Statements for the Year Ended 28 February 2025 24 Analysls of net assets belweeD funds Group Unrejtrlcted funds GeDeral Total funds at 28 February 2025 Restrlcted funds Tangible fixed assets Fixed asset investments Current assets Current liabilities 978.607 978,607 121,446 1,519,410 456 533 121,446 10,481 1,508,929 456 533 Totsl net assets 2031003 Unrestricted runds General l3l 927 2 162930 Totsl fund$ at 29 February 2024 Regtrleted funds Tangible ￿ed assets Fixed asset inveslments Current assets Cumt liabilities 1.006,828 1.006,828 111.958 1.472,599 398631 111,958 3,215 1,469,384 398631 Total net a&8ets 2 077 581 115 173 2 192 754 Page 41 Chartered Institution of Civil Engineerfjng Sllrveyors Notes to the Finaneial Statements for the Year Ended 28 Febrnary 2025 25 Related party transactloDS Group There were no related paty transadions in the year. Charity During the year the charity made the following related party transactions: Surco Limlted (Subsidiary) During the year the charity provided and received invoiced ￿¥1¢¢$ from Sur¢0 Limitsd At the balance sheet date the amount due to Surco Limited was £13,697 (2024 - £13.697). Page 42 Chartered Institution of Civil Engineering Surveyors Statement of Flnaneial Adivities by fund for the Year Ended 28 February 2025 Unrestricted Funds Totsl Total Unre5tri¢t¢d Unre$lrieted Fund$ Funds 2025 2024 Income and Endowments from: Charitable activities Other trading activities Investment income Other income 1,053202 114,894 48,629 30 997,447 139.198 20,644 500 Total in¢ome 1216 755 1157 789 Expendfiture on: Raising fimds Charitable activities (96,010) (86.399) 1 112316 Total expenditure 1302 388 1198 715 Net expenditure Transftrs betsyeen funds (85,633) (40,926) Net movement in funds (47,101) (I I6,314) Reeon¢fjllAtlon of funds Total fimds brought forward 1856691 Totsl funds carried forward 1809 590 1856 165 This page does not forni part of the statutory financial s￿ements. Page 43 Chartered In8titutioD of Civil Engineering Surveyors Ststsment of Financial Aetivitia by fund for the Year Ended 28 Febrnary 2025 Restricted Funds Total Restricted Funds 2025 Total Restrlcted Funds 2024 Income and Endowments from: Other trading activities Other in¢ome 7.266 Total income Expenditure on: Net income Transfers between funds 55,810 (38,532) 29,505 75388 Other reeognlsed galns and los Other gain￿10s8¢S 613 Net movement in funds 17,278 104,280 Reeonelllatloll of funds Totsl funds brought forward Total funds carried forw8rd 115.172 This page does not form part of the ststutory financial statements. Page 44 Chartered Institution of Civil Engineering Surveyors Detailed Consolidated Statement of Finaneial Activities for the Year Ended 28 February 2025 Tolal Totsl 2024 £ (As restated) Ineome and EndowmeDts from: Charitsble activities (analysed below) Other trading activities (anatysed below) Investment income (analysed below) Other income (analysed below) 1,053202 122.160 48.629 48 74 997.447 139.l98 20.644 Totsl income 65 Expenditure on: Raising funds (analysed below) Charitsble activities (analysed below) (96,010) (86,399) 1112316 Total expenditure 388 1198 715 Net expenditure Net movement in fimds (29,823) (11,421) ReconeiliatloD of funds Total funds brought forward 38 1983 371 Total funds ¢arried fonvard 1941515 1971950 This page does not forni pat of the ststsjtory financial statements. Page 45 Chartered Institution of Civil Engineering Surveyors Detailed Consolldated Statement of Fln8neial Actfvitles for the Year Ended 28 February 2025 Total 2025 Total 2024 Chdpllable acllvllle Subscriptions 1053 202 her tradlng acdvllles Events, lectures and conferen￿5 Advertising and trainin8 Publishing and consultan¢y Sponsorship 58239 53.663 2.992 52.963 32,996 53239 139 198 Inveslmenl th¢ome Renlal income Interest on Cash deposits 12.148 4,093 Olher Incon Other income Income from other investments 30 500 Ratslnzf4n&¥ Purchases Events, lectures and conferences (66,680) (61,500) Charllable aellvllles Opening fmished goods Direct costs C105ing finished goods Rates and waler rates Li8hL heat and power Insuran¢e Repairs and maintenance Telephone and internet Computer software and maintenance costs Printing, postage and stationery 700 169,761 (700) 15,786 17.772 3.294 27.638 19.661 94.727 14,399 700 155,339 (700) 16,005 14.650 3,046 48,863 18.361 65,261 10,025 This page does not forni part of the statutory financial slat¢m¢nt& Page 46 Chartered Institution of Cfvll Engineering Surveyors Detailed Consolidated Statement of Financial Activities for the Year Ended 28 February 2025 Total 2025 Total 2024 Sundry expenses Cle8ning Professional indemnity insurance Bad debts written off Bank ¢harg¢8 Credit card char8es Depreciation of other tangible (Profityjoss on sale of tangible fued assets held for charity's own use Wages and salaries (CICES & SURCO) Staff NIC (Employers) (CICES & SURCO) Staff pensions (Defmed contribution) (CICES & SURCO) Private health insurance (CICES & SURCO) Staff training Staff welfare Accountancy fees The audit of the Charity's annual a¢¢ounts Auditors, remuneration - non audit work Consultancy fees Legal and professional fees Officials expen3e3 Committee expenses AGM and meetings 7.162 9.787 5,427 4,327 11,851 5.865 (6.423) 1,067 16,263 30,166 1,236 578,347 42.999 27,434 9,540 6,692 11.704 7,281 8,083 2,650 4,953 1.173 25.745 31.960 609.004 54,868 33,187 13,272 2.610 805 5,429 8,250 5,076 6,869 3235 4,793 10,954 4,367 5,939 1206 378 1 112316 Thi8 page does not form part of the statutory fuwicial ststements. Page 47