Company Number: 08087902 Registered Charity Number . 1150625 INsfiTUTE OF DEMOLrrioN ENGINEERS {A Company Llmlted by Guarantee} DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING: 30 APRIL 2024 Page Contents Report of the Trustees and Council of Management (Including Directors report) Independent Examiners, Report io SL3tement of Financial Activities 11 Balance Sheet 12-16 Notes to the Financial Statements
INSTtrurE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) ANNUAL REPORT OF THE TRUSTEES AND COUNCIL OF MANAGEMENT (INCLUDING DIRECTORS. REPORT) The Trustees and Council of Management present their annual report and the financial statements of the Institute for the year ended 30 April 2024. The Council of Management is shown on page 7 and includes the Trustees, who are also the Directors of the charitable company. Structure, Governance and Management Institute of Dernolition Engineers is a charity Boverned by a Memorandum and Articles incorporated 29 May 2012. The charivs registered number is 1150625 and the company number is 08087902. TheTrustees are appointed in linewith Memorandum and Articles. On appointment new Trustees are given full details of the policie5 and procedure5 of the Institute of Demolition Engineers which is incorporated within the Rules of the Institute as well as relevant documentation that highlights their responsibilities as a Trustee. Publlc Benefft The primary aim of the Institute is to advance the science of demolition engineerin& for the good of all practitioners and of the public at large, whether these are in the United Kingdom or oversea5. Main Purpose, Objectlves and Activities The Institute of Demolition Engineers is a Charitable EducationalTrust and existsto promote and foster the science of demolition engineerin& with its main objectives being: Promoting use of more efficlent techniques in the industry; Encouragement of safer methods of working; Provision of a qualifying body for the industry. The main activlties undertaken by the Institute in relation to the above purposes are outlined in the review of financial activities. Members Members are professional Demolition Engineers, Managers, Supervisors and Technicians who through examinations, evidence of competence, including CPD and interview progress from Entrant level to Full Membership. Grades of Membership Entrant, Technician, Associate, Full Member, Fellow, Affiliate, Student. Additional Members Benefits Accreditation as a competent professional Demolition Engineer; Acquisition of knowledge through attending seminars and meetings; Participation in an exchange and discussion of ideas and information,. Enjoying a representation of common interests; Having continuing professional development noted and valued.
INSTITUTE OF DEMOLITION ENGINEERS (A Company Llmlted by Guarantee) ANNUAL REPORT OF THE TRUSTEES AND COUNCIL OF MANAGEMENT (INCLUDING DIREcfoRS' REPORn In reviewing our charitable objectwes, and as part of planning our future programme of work, we, the Trustees of the Institute of Demolition Engineers, have taken account of the Charity Commission's guidance on public benefit. We have considered how our planned programme of work and education will consistently cuntribute to the charitvs aims and objectives. Reserves Pollcy The Council of Management has examined the charity's requirements for reserves in light of the main risksto the organisation. It ha5 established a policy wherebythe unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. Budgeted expenditure for 2024/25 15 £244,100 and a target of £82,000 to £130,000 in general funds. The reserves are needed to meet the working capital requirements of the charity and the Council of Management are confidentthat at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. Whilst income funds stand at £211,969 a designation of £3,500 has been set aside for charitable donations and bursaries and £10,000 for IDE Education expenses. Over the next 5 years the strategy Is to continue to build reserves through planned events and growth of membership. Revlew of Financial Activities The financial statements show a deficit for the year of £25,979 (2023: £38,914) and net assets of £136,234 (2023: £162,213). Although this is an improvement on last year, the deficit is as a result of continued increases in event costs, an increase in employee salaries, reduced numbers attending seminars and the annual luncheon, and a dwindling number of participants undertaking the Foundation Degree course. Further to this, there has been an inherent general increase in the day to day running costs of the IDE. The Institute has seen a slight increase to grades of membership this financial year with the Membership Committee approving new Entrant, Full Membership and Retired application5 during their meetings throughout the year. In addition to this we have been able to hold an exam session in March which has seen many Entrant Grade members achieve the higher grade of Associate (AMIDE). At 30th April 2024 the membership totalled 409 (2023: 402) as shown in the table below. 2024 2023 Entrant Technician Associate Full Member Honorary Member Fellow Honorary Fellow Retired Affiliate Student Totsl 23 28 io 36 263 35 255 io 25 22 16 25 20 14 409 402
INSTITUTE OF DEMOLITION ENGINEERS (A Company Llmlted by Guarantee) ANNUAL REPORT OF THE TRUSTEES AND COUNCIL OF MANAGEMEKf (INCLUDING DIRECTORS. REPORT) The Spring Seminar and Autumn Seminar attracted delegates and exhibitors from both within and outside the Institute and Demolition Industry. The Spring Seminar, held in the Royal Armouries, Leeds on 24 February 2024 was well attended with an increase in numberof attendances from the previous year, however the Autumn Seminar held at One Great George Street, Westminster, London on 22 September 2023 was poorly attended and saw decreases in attendances which resulted in the seminar making a loss. The Annual Luncheon event held at The Grand, Birmingham on 10 November 2023 wa5 again poorly attended by our members which resulted in the AGM also making a loss. At the AGM certificates were presented to those members who had achieved a higher statu5 in the Institute as well as those who had graduated from the Foundation Degree in Demolition Management. Due to the autumn seminar and the AGM making a loss the COM and trustees have decided to reduce the size of both events for the coming year in an effort to make the events profitable. The sixth intake of the IDE Foundation Degree in Demolition Management was postponed due to a significant drop in the numbers of people wishing to take the degree, for this reason the demolition degree has now been put on hold. The education committee are currently in discussion with two universities in order to re-commence the IDE Foundation Degree in the coming year The Council of Management have continued to monitor Members contribution to the CPD Scheme but have noted that many members remain non-compliant with this element of Institute membership. A steadyflow of new Membership applications has been reiVed throughoutthe yearas well as many existing members applying to upgrade their membership. Apart from the Council of Management and Trustee meetings, there were sub-committees to deal with Finance, Events, Membership and Education. Risk Assessment The principal risks to the organisation that have been identified by the Trustees are as follows: Income and financial 5UStainability- Insufficient income and reserves for the charity sector to achieve its strategic objectives and maintain its operations. Data Protection compliance and GDPR - An event or incident such a5 an external data breach or inadvertent internal error resulting in the accidental or unlawful destruction, loss, alteration, unauthorised disclosure of or access to personal data. Organisational change and digital transforniation- The failure to execute organisational change and transformation programmes effectively and to achieve the intended benefits of these, resulting primarily in inefficient use of the chariws resources. People, leadership and culture - Weaknesses or failure of leadership, inability to develop and retain talent effectively and an organisational culture that is not an enabler in the pursuit of a charity's Strate and objectives.
INSTITUTE OF DEMOLITION ENGINEERS IA Company Limited by Guarantee) ANNUAL REPORT OF THE TRUSTEES AND COUNCILOF MANAGEMENT (INCLUDING DIRECTORS, REPORT) Governance- The charity does not achieve its strategic, charitable, regulatory and ethical objectives due to inadequate governance at the board and senior management or operational levels. Regulatory- The charity fails to comply with applicable regulatory requirements, leading to reputational damage and financial penalties. Cyber security- Cyber incidents {typically unauthorised or inappropriate access to an organisation's network) executed by external or internal parties that negatively impact the confidentiality, integrity and availability of a charity's information systems and data. Reputation - A range of occurrence5 including incident5, events and outcomes that may consequently damage a charl5 reputation. Reputation risk is largely a consequence of other risk events materialising. However, our study identified that charities are including it as a specrfic risk. Business continuity incidents - The Occurren of incidents that limit an organisation's ability to operate as it normally would i n business as usual situations. Trustees strate8y for managlng risks Income and financial 5UStainability- This is monitored monthly by the Treasurer and National Secretary, an annual budget is produced ahead of each new financial year and ratified by the Council of Management ICOMI. Financial reports are also provided by the Treasurer at each Com meeting. Data Protection compliance and GDPR- The institute has introduced a specific Data Protection and GDR Policy that is reviewed annually by the Com. Organisational change and digital transformation-The Com have introduced a Marketing and Rebranding subcommittee that is tasked with reviewing the organisational change and digital/media transformation. People, leadership and culture- This is reviewed by the Trustees, should issues be identified the Trustees will request a strategy from the Com on how improvements can be made to meet the regulatory requirements. Governance - This is reviewed by the Trustees, should issues be identified the Trustees will request strategy from the Com on how improvements can be made to meet the regulatory requirements. Regulatory- This is reviewed by the Trustees. should issues be identified the Trustees will request a strategy from the Com on how improvements can be made to meet the regulatory requirements. Cyber security-The IDE employs the services of an IT specialist on a monthly retainer, the IT specialist and National Secretary have put specific IT systems in place to significantly improve the institutes cyber security and mitigate any potential threat. Reputation - The Trustees and Com will revlew reports of any occurrences that threaten the reputation of the institute, any such occurrences will be dealt with in accordance with 5ectlon 5 professional Conduct, Disciplinary Rules and Remedies of the institute's rules. Business continuity incidents- The risk mitigations identified above have been put in place to reduce the risk of business continuity incidents occurring to the institute.
INSTITUTE OF DEMOLITION ENGINEERS (Acompany Llmlted by Guarantee) ANNUAL REPORT OF THE TRUSTEES AND COUNCIL OF MANAGEMENT (INCLUDING DIRECTORS, REpoKr) Statement of Trustees and Directors, responsibilitles The Trustees are responsible for preparing the report of the Trustees and Council of Management (including Director5, report} and the financial statements in accordance with applicable lawand United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give 3 true and fatr view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable companyforthe year. In preparing these financial statements, the trustee5 are required to: Select suitable accounting policies and then applythem consistently; Observe the methods and principles in the Charities SORP; Make judgements and estimates that are reasonable and prudent; State whether applicable UK Accounting Standards have been followed. subject to any material departures disc105ed and explained in the financial statements,. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any tlme the financial posstion of the charitable company and enable them to ensure that the financial statements comply with the Companie5 Act 2006. They are a150 responsDble for safeguarding the assets of the charitable cotnpany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity ofthe charity and financial infomation included on the charitable companvs website. Charcroft Baker LLP continues to undertake quarterly accounts preparation and payroll services on behalf of the Institute. Clvica (formerly The Electoral Reform Services IERSII continue to undertake the Council of Management election process ensuring that a totally independent, fair and audltable procedure is in place. Independent Examlner Charcroft Baker LLP have been appointed as independent examiner for the ensulng year. Small Company Provlsions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies, exemption.
INSTITUTE OF DEMOLITION ENGINEERS IA Company Llmlted by Guarantee) ANNUAL REPORT OF THE TRUSTEE5 AND COUNCIL OF MANAGEMENT {INCLUDING DIRECTORS. REPORT) Trustees Vernon Watson Richard Dolman Gary Bishop Duncan Rudall Howard Button Council of Management Vernon Watson President (Elected 25.11.20221 Adrian McLean Vice President Richard Dolman Past President Duncan Rudall Past President Howard Button Past President Markjack Hon. Treasurer IAppointed 01.11.20231 Brian Carroll Stephen Mccann Terry Quarmby Stuart Accleton Steve Andrew Mike Kehoe John Lynch IResigned 10.11.20231 IAppointed 10.11.20231 IAppornted 10.11.20231 NFDC President (Appolnted 22.06.20231 Company Secretary M Tong-Ralphs Secretarial Assistant M Harris Edu&itlon and Tralnlng Admlnlstrator I Woodbury Prlncipal and Registered Offlce Address Office 2 Innovation Studios Medway 1044 Canal Road Rochester Kent ME24DT Accountants Charcroft Baker LLP 5 West Court Enterprise Road Maidstone Kent ME15 6JD Prlnclpal Bankers Nat West Bank 58 High Street Strood Kent ME2 4AG Slgned on behalf of the Trustees and Council of Management Trustee: Duncan Rudall {Dlrector) Trustee: Vernon Watson (Director) Date: Date: 11
INSTITUTE OF DEMOLITION ENGINEERS (A Company Llrnlted by Guarantee) INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OFTHE INSTITUTE OF DEMOLITION ENGINEERS CHARITABLE COMPANY I report to the trustees on my examination of the financial statements of the Institute of Demolition Engineers for the year ending 30 April 2024. which are set out on pages 10 to 16. Respectlve responslbllltles of Trustees. Council of Management and Examiner As the Trustees {who are also Directors of the company for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Aec,). You also consider that an audit 15 not required for this year under Section 144 (21 of the Charities Act 2011 {'the 2011 Act,) and that an independent examination is needed. Havingsatisfied myself that the charity is not Subject to audit under Part 16 ofthe Companies Act 2006 and is eligible for independent examination, I report in respect of my examination of your charitys financial statements. It is my responsibility to: Examine the flnancial statements under Sertion 145 of the 2011 Act; To follow the procedures laid down in the General Directions given by the Charity Commission under section 14515llb) of the 2011 Act; and To state whether particular matters have come to my attention. Basls of Independent Examlners Report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting record5 kept by the charity and comparison of the financial statements presented with those records, It also includes consideration of any unusual items or disclosures in the financial statements, seeking explanations from you as Trustees and Council of Management concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequentlyp no opinion is given as to whetherthe financial statements present a.true and fairview" and the report is limited tothose matters set out in the statement below. In accordance with section 145 of the 2011 Act I confirm that l am qualified to undertake the examination as a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
INSTrriJTE OF DEMOLITION ENGINEERS IA Company Llmlted by Guarantee) INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE INSTITUTE OF DEMOLITION ENGINEERS CHARITABLE COMPANY Independent Examlners Statement I have completed my examinatlon. I confirm that no matters have come to my attention in connection with the examlnatlon givin8 me cause to believe that, in any material respect: The accounting records were not kept in respect of the company as required by section 386 of the Companies Act 2006; or The accounts do not accord with those accounting records; or The accounts do not comply with the accountlng requirements of section 396 of the Companies Act 2006 otherthan any requirement that the accounts give a "true and fairf, view which is not a matter considered as part of an independent examination; or The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice". Accountln8 and Reporting by Charities IFRS 102 SORP) I have no concerns and have come across no other matters in connectlon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Michael Baker BA FCA For and on behalf of Charcroft Baker LLP Statutory Auditors 5 West Court Enterprise Road Maidstone Kent ME15 6JD Signed: Date: Ji Z+
INsfiTUTE OF DEMOLITION ENGINEERS (A Company Llmlted by Guarantee) Statement of Financial Actlvitles (Incorporatlng the Income and Expenditure Accountl for the year endlng 30 Aprll 2024 INCOMING RESOURCES 2024 2023 Income from charftable actlvltles Member subscriptions & Joining Fees IDE Education - Degree courses IDE Education - Examination Fees 93,667 27,100 3,140 47.907 16.327 5,940 950 3.030 9,621 93,746 30,200 3,780 48,165 19,658 3,230 4,400 3,350 Seminars Annual Lunch IA G M Exhibition Space CPD Talks Fundraising Consultsncv Other activities Merchandise 615 424 Investment income - Bank Interest Voluntary income Donations & Incentlves 1,084 403 2,588 211,969 207,360 RESOURCES EXPENDED Expenditure from charitable activities IDE Education- Degree courses IDE Educatlon - Amortlsatlon Seminars and exhibitions 17,468 27,589 62,539 7,420 75,199 Consultancy Other tradlng artlvltles Pres5, publicity, and merchandise Printing & Stationery Communications 5.196 2,731 1,803 6,668 6,422 1.738 1.073 1,615 1541 421 13,562 1,493 1.551 615 Donatlons Payable to Presldenvs Charity Computer Expenses Subscriptions Travel Expenses Insurance 4,977 2,583 326 Bank & Financial Charges Miscellaneous Expense5 Depreciation Profit / (Lossl on Disposal of Fixed Assets Support Costs Salaries, Nl and training Pensions 355 634 335 99,244 813 91,189 661 Office Premises Costs Other Office Expenses Accountancy Professional Fees 13,458 10.559 5,604 3,155 5,272 8,443 237,948 246,274 Net income/expendlture for the period Accumulated Fund brought forward - Unrestricted Accumulated Fund carried forward - Unrestrlrted 125,9791 162,213 136,234 (38,9141 201,127 162,213 io
INSTITUTE OF DEMOLITION ENGINEERS IA Company Limited by Guarantee) Balance Sheet as at 30 April 2024 2024 2023 NON CURRENT ASSErs Intangible assets Tangible fixed assets {Note 61 (NotÈ 7) 1.902 1,004 1,902 1,004 CURREMf ASSErs Debtor5 & prepayments Accrued Income Bank account 58,609 3,450 91,210 66,965 1,622 129,590 153,269 198,177 CURRENT LIABILITIES Creditors & accrued expense5 Deferred Income (Note 8) Other taxes- PAYE & N I 12,349 16,870 6,093 495 19,555 543 18,937 36,968 NET CURRENT ASSETS 134,332 161,209 NEf ASSETS 136,234 162,213 ACCUMULATED FUNDS Unrestricted funds (Note 141 136,234 162,213 There were no recognised gains or losses for 2024 or 2023 other than those included in the Statement of Financial Affairs. For the year in question, the charitable company was entitled to exemption from an audit under section 477 of the CompaniesAct 2006. The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. The Trustees l Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2(Y)6 with respect to accounting records and the preparation of accounts. The accounts have been approved and slgned on behalf of the Trustees and author15ed for issue on the ....-11 /.1 i/.on . and are slgned on thelr behalf by: Trustee: Trustee: Duncan Rudall (Dlrector) Vernon Watson (Dlrector) li
INSTITUTE OF DEMOUTION ENGINEERS (A Company Limlted by Guarantee) Notes to the Financial Statements for the year ending 30 Aprll 2024 I. STATUTORY INFORMATION Institute of Demolition Engineers is a prlvate company, limited by guarantee, registered in England and Wales. The company is also a charity registered with the Charity Commission. The companv number and charity number can be found on page l of these accounts and the companws registered office can be found on page 7 of these accounts. 2. ACCOUNTING POLICIES Basis of accounting The financial statements have been prepared under the historical cost convention in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 20151, the Companies Act 2006 and the Statement of Recommended Practice: Accounting and Reporting by Charities {FRS 102 SORP}. Infomlng resources Incoming resources are accounted for when due. Resources expended Resources expended are accounted for on the accrual basis. Tanglble flxed assets Depreciatlon is charged at the following annual rates in order to write off each asset over its estimated useful life. Furniture and Fixtures Computer Equipment 25% on reducing balance 25% on reducing balance Intsngible assets Intangible assets consist of development costs incurred in connection with the development of the demolition degree course. These costs have been fully released to the income and expenditure account overtheir estimated useful life from September 2017 to November 2021. Accumulated fund The fund is unrestricted. Financial instruments Basic financial assets and liabilities include trade and other receivables, trade and other payables and cash and bank balances. These are inÈtially recognised at transaction price unless the arrangement constitutes a financin8 transaction {loan over a period) where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets and liabilities are subsequently carried at amortised cost using the effective interest method. Golng Concern At the time of approving the financial statements, the Trustees are confident that the Institute has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore deem it appropriate to prepare the financial statements on a going concern basis. 12
INSTITUTE OF DEMOLITION ENGINEERS (A Company Llmlted by Guarantee) Notes to the Financial Statements for the year ending 30 April 2024 3. STAFF COSTS 2024 2023 Wages and salaries Social security costs Pension Costs 99,244 91,189 813 661 Total 100,057 91,850 No employee received emoluments of more than £60,000. The company operate5 a defined contribution pension scheme for employees. At the year end, a balance of £15812023 £158) was due in relation to pensions payable. The average number of employees during the year, calculated on the basis of full time equivalents, was as follows: 2024 2023 National secretary / Events director Secretarial assistant Education and Training Administrator 4. TRUSTEE REMUNERATION No trustees received any remuneration during the year. Costs reirnbursed to the trustees are detailed in note 13. TAXATION No liability to United Kingdom Corporation Tax arose in the year, on the basis that the charity is exempt from tax on income and gains. 13
INSTrruTE OF DEMOLITION ENGINEERS (A Company Llmited by Guarantee) Notes to the Financial Statements for the year ending 30 April 2024 6. INTANGIBLE FIXED ASSETS Degree Development Costs Cost At l May 2023 Additions At 30 April 2024 17,416 17,416 Amortisation At l May 2023 Charge for the year At 30 April 2024 17,416 17,416 Net Book Value At 30 April 2024 At 30 April 2023 NIL NIL TANGIBLE FIXED ASSETS Furniture and Fixtures Computer equipment Total At l May 2023 Additions Disp05als At 30 April 2024 933 1,393 1,532 2,326 1,532 933 2,925 3,858 Depreciation At l May 2023 Charge for the year Eliminated on disposal At 30 April 2024 713 55 609 579 1,322 634 768 1,188 1,956 Net Book Value At 30 April 2024 165 1,737 1,902 At 30 April 2023 220 1,004 14
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) Notes to the Flnanclal Statements for the year ending 30 April 2024 DEFERRED COSTSAND INCOME 2023 Incoming resources Released from prior years Released from current year 2024 DeEree course income Exam fees AGM Seminars Exhibitions CPD Subscription & joining fees Fundraising Consultancy Merchandise Donations Bank interest Total 16,825 210 15,438 3,140 16,327 46,107 5,940 950 93,667 3,030 9,621 615 2,588 1,084 198,507 {15,625) {2101 111,475) (2,930) 116,327) 145,387) 15,940) 1950) {93,667) 13,030) 19,621) {615) 12,588) 11,084) 1193,614) 5,163 210 2,520 (2,5201 720 19,555 118,355) 6,093 Analysls of governance and support costs IDE Semlnars / Member Consultancy Education Exhibitions Services Project11 Total 2024 Total 2023 Gov. Dlrect Costs Course and exam costs Tutors and lecturer5 Room Hire Amortisatlon Seminar costs Consultancy Total 12,306 5,162 12,306 5,162 18,093 8,346 1,150 62,539 62,539 7,420 87,427 102,788 75,199 7,420 7,420 17,468 62,539 IDE Seminars / Member Education Exhibitions Services Consultancy Project11 Total 2024 Total 2023 Gov. Support costs Staff costs Pensions Office expenses Premises c05tS Accountancy Professional fees Total 41,408 475 30,105 195 27,731 143 99,244 813 91,189 661 13,458 13,458 10,559 5,604 5,272 3,155 8,443 5,604 122,274 116,124 5,604 3,155 44,487 41,883 30,300 Accountancy includes £750 {2023 . £750) in relation to the Independent Examination and £4,854 (2023 . £4,522) in relation to other accounting services. 15
INSTrruTE OF DEMOLITION ENGINEERS {A Company Umlted by Guarantee) Notes to the Flnanclal Statements for the year ending 30 April 2024 10. FINANCIAL COMMITMENTS The company'5 total future flnancial commitments under operating leases are £15,297 {2023 - £3,403). 11. CONTROL The company was under the control of the Trustees throughout the current period. 12. COMPANY LIMITED BY GUARANTEE The company is limited by guarantee and has no share capital. In the event of a winding up, the members are liable to contribute towards any deficiency up to a maximum of £1 each. 13. RELATED PARTY TRANSAcfioNS During the year the Institute of Demolition Engineers paid V Watson, a trustee, £1,44312023 . £240) for costs incurred in connection with the delivery of the IDE Examination preparation days and consultancy work on the Disrupt11 project. No amounts were owed to V Watson at the year end. During the year the Institute of Demolition Engineers paid Button Holdings Limited, a company in which a trustee H Button is a participator, £6,37712023 £Nil) for consultancy work on the Disrupt11 project. No amount5 were owed to Button Holdings Limited at the year end. During the year the Institute of Demolition Engineers paid R Dolman, a trustee, £Nil (2023 £2461 for costs incurred in connection with the supply of a meeting room and a55ociated costs. No amounts were owed to R Dolman at the year end. Durlng the year the Institute of Demolition Engineers paid Perses Safety Limited, a company in which S Mccann is the sole director, an amount of £11,976 {2023 . £9,864) for services provided in connection with teaching and overseeing the Demolition Management degree courses. No amount5 were owed to Perses Safety Limited at the year end. 14. STATEMENT OF FUNDS Balance 01/0512023 Incoming resources Balance 30/0412024 Expenditure Transfers Unrestrlcted funds General funds 145,213 211,969 1213,812) (20,6361 122,734 Designated funds - Charitable donations 5,000 {6,668) 5,168 3,500 Designated fvnds IDE Education 12,000 117,468) 15,468 10,000 162,213 211,969 1237,948) 136,234 16