Page 2-7 8-9 10 11 12-16 Company Number : 08087902 Registered Charity Number : 1150625 INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) DIRECTORS' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING: 30 APRIL 2025 Contents Report of the Trustees and Council of Management (Including Directors report) Independent Examiners' Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
INSTITUTE 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 2025. 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 Demolition Engineers is a charity governed by a Memorandum and Articles incorporated 29th May 2012. The charity's registered number is 1150625 and the company number is 08087902. The Trustees are appointed in line with Memorandum and Articles. On appointment new Trustees are given full details of the policies and procedures 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. Public Benefit The primary aim of the Institute is to advance the science of demolition engineering, for the good of all practitioners and of the public at large, whether these are in the United Kingdom or overseas. Main Purpose, Objectives and Activities The Institute of Demolition Engineers is a Charitable Educational Trust and exists to promote and foster the science of demolition engineering, with its main objectives being: Promoting use of more efficient techniques in the industry; Encouragement of safer methods of working; • Provision of a qualifying body for the industry. The main activities 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. 2
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) ANNUAL REPORT OF THE TRUSTEES AND COUNCIL OF MANAGEMENT (INCLUDING DIRECTORS' REPORT) In reviewing our charitable objectives, 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 contribute to the charity's aims and objectives. Reserves Policy The Council of Management has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the 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 2025/26 is £196,900 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 confident that 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 £189,384 a designation of £10,000 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. Review of Financial Activities The financial statements show a deficit for the year of £9,940 (2024: £25,979) and net assets of £126,294 (2024: £136,234). This is an improvement on last year, the deficit can be largely attributed to the temporary stoppage of the Degree courses by Wolverhampton which should return in 2026 and a one off staff cost incurred during the year. 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 applications 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 2025 the membership totalled 434 (2024: 409) as shown in the table below. Entrant Technician Associate Full Member Honorary Member Fellow Honorary Fellow Retired Affiliate Student Total 2025 20 11 42 271 2024 263 14 28 18 1 434 1 409 3
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) ANNUAL REPORT OF THE TRUSTEES AND COUNCIL OF MANAGEMENT (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 28th February 2025 was well attended with an increase in profits from the previous year, however the Autumn Seminar held at One Great George Street, Westminster, London on 20th September 2024 saw decreases in attendances. The Annual Luncheon event held at Norton's on 15" November 2024 was attended by 121 of our members which resulted in the AGM making a profit, as well as being able to make a large charity donation. At the AGM, certificates were presented to those members who had achieved a higher status in the Institute as well as those who had graduated from the Foundation Degree in Demolition Management. 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 steady flow of new Membership applications has been received throughout the year as 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 sustainability - Insufficient income and reserves for the charity sector to achieve its strategic objectives and maintain its operations. The current unstable work climate leading to non-payment of membership subscriptions from the loss of work or income of those employed in industry, and also those leaving through retirement. Data Protection compliance and GDPR - An event or incident such as 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 transformation - 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 charity's 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 strategy and objectives. 4
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) ANNUAL REPORT OF THE TRUSTEES AND COUNCIL OF 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 across 2025 (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 occurrences including incidents, events and outcomes that may consequently damage a charity's reputation. Reputation risk is largely a consequence of other risk events materialising. However, our study identified that charities are including it as a specific risk. Business continuity incidents - The occurrence of incidents that limit an organisation's ability to operate as it normally would in business as usual situations. Trustees strategy for managing risks Income and financial sustainability - 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 (CoM). 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 a 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 review reports of any occurrences that threaten the reputation of the institute, any such occurrences will be dealt with in accordance with section 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. 5
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) ANNUAL REPORT OF THE TRUSTEES AND COUNCIL OF MANAGEMENT (INCLUDING DIRECTORS' REPORT Statement of Trustees and Directors' responsibilities The Trustees are responsible for preparing the report of the Trustees and Council of Management (including Directors' report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to: • Select suitable accounting policies and then apply them 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 disclosed and explained in the financial statements; • Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charitable company's website. Henry Reeves and Co Limited (Acquirers of Charcroft Baker LLP) continue to undertake quarterly accounts preparation and payroll services on behalf of the Institute. Civica (formerly The Electoral Reform Services (ERS)) have been removed from the Council of Management election process. This has been taken in house to deliver voting from IDE HQ with a saving £2,730 per annum. Independent Examiner Henry Reeves and Co Limited have been appointed as independent examiner for the ensuing year. Small Company Provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption. 6
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) ANNUAL REPORT OF THE TRUSTEES AND COUNCIL OF MANAGEMENT (INCLUDING DIRECTORS' REPORT Trustees Vernon Watson Richard Dolman Gary Bishop Duncan Rudall Howard Button Council of Management Vernon Watson Past President Adrian McLean President (Elected 15.11.2024) Richard Dolman Past President Duncan Rudall Treasurer (Elected 15.11.2024) Howard Button Past President Mark Jack Vice President (Elected 15.11.2024) Brian Carroll (Resigned 25.11.2024) Stephen McCann Terry Quarmby Steve Andrew Mike Kehoe Mark Kime Mark Hill John Lynch (Elected 15.11.2024) (Elected 15.11.2024) NFDC President Company Secretary M Tong-Ralphs (Resigned 28/05/2025) Secretarial Assistant M Harris Education and Training Administrator I Woodbury Principal and Registered Office Address Office 2 Innovation Studios Medway 1044 Canal Road Rochester Kent ME2 4DT Accountants Henry Reeves and Co Limited 5 West Court Enterprise Road Maidstone Kent ME15 6JD Principal Bankers Nat West Bank 58 High Street Strood Kent ME2 4AG Signed on behalf of the Trustees and Council of Management Trustee: Duncan Rudall (Director) Date: 2) " 25° Trustee: Date: Vwwarsa Vernon Watson (Director) 21/11/25 7
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE 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 2025, which are set out on pages 10 to 16. Respective responsibilities 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 2006 ('the 2006 Act'). You also consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 ('the 2011 Act') and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, I report in respect of my examination of your charity's financial statements. It is my responsibility to: • Examine the financial statements under Section 145 of the 2011 Act; • To follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and To state whether particular matters have come to my attention. Basis of Independent Examiners 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 records kept by the charity and a 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 consequently, no opinion is given as to whether the financial statements present a "true and fair view" and the report is limited to those matters set out in the statement below. In accordance with section 145 of the 2011 Act I confirm that I am qualified to undertake the examination as a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 8
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE INSTITUTE OF DEMOLITION ENGINEERS CHARITABLE COMPANY Independent Examiners Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving 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 accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination; or • The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102 SORP) I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Andrew Drinkwater FCCA For and on behalf of Henry Reeves and Co Limited Statutory Auditors 5 West Court Enterprise Road Maidstone Kent ME15 6JD sore A fake Date: 24/11/2025 9
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) Statement of Financial Activities (Incorporating the Income and Expenditure Account) for the year ending 30 April 2025 INCOMING RESOURCES Income from charitable activities Member subscriptions & Joining Fees IDE Education - Degree courses IDE Education - Examination Fees Seminars Annual Lunch / AGM Exhibition Space CPD Talks Fundraising Consultancy Other activities Merchandise Investment income - Bank Interest Voluntary income Donations & Incentives RESOURCES EXPENDED Expenditure from charitable activities IDE Education - Degree courses IDE Education - Amortisation Seminars and exhibitions Consultancy Other trading activities Press, publicity, and merchandise Printing & Stationery Communications Donations Payable to President's Charity Computer Expenses Subscriptions Travel Expenses Insurance Bank & Financial Charges Miscellaneous Expenses Depreciation Profit / (Loss) on Disposal of Fixed Assets Support costs Salaries, Ni and training Pensions Office Premises Costs Other Office Expenses Accountancy Professional Fees 2025 € 103,963 2,400 2,940 39,130 5,493 7,888 10,370 8,012 1,621 667 6,900 189,384 1,184 34,578 5,320 1,650 1,972 2,095 10,906 5,672 898 1,300 3,189 382 66 476 - 106,281 1,210 14,367 7,380 398 2024 93,667 27,100 3,140 47,907 16,327 5,940 950 3,030 9,621 615 1,084 2,588 211,969 17,468 62,539 7,420 5,196 2,731 1,803 6,668 6,422 1,738 1,073 1,615 (54) 421 99,244 661 13,458 5,604 3,155 Net income/expenditure for the period Accumulated Fund brought forward - Unrestricted Accumulated Fund carried forward - Unrestricted 199,324 (9,940) 136,234 126,294 237,948 (25,979) 162,213 136,234 10
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) Balance Sheet as at 30 April 2025 NON CURRENT ASSETS 2025 2024 € Intangible assets Tangible fixed assets (Note 6) (Note 7) CURRENT ASSETS 1,426 1,426 1,902 58,609 3,450 91,210 1,902 Debtors & prepayments Accrued Income Bank account 66,073 2,310 74,697 143,080 153,269 CURRENT LIABILITIES Creditors & accrued expenses Deferred Income (Note 8) Other taxes - PAYE & NI 8,753 8,263 1,196 12,349 6,093 495 NET CURRENT ASSETS NET ASSETS 18,212 124,868 126,294 18,937 134,332 136,234 ACCUMULATED FUNDS Unrestricted funds (Note 14) 126,294 136,234 There were no recognised gains or losses for 2025 or 2024 other than those included in the Statement of Financial Activities. For the year in question, the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 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 / Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been approved and signed on behalf of the Trustees and authorised for issue on the …...... 211125 .... and are signed on their behalf by: Trustee: Trustee: Vwwars Duncan Rudall (Director) Vernon Watson (Director) 11
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) Notes to the Financial Statements for the year ending 30 April 2025 1. STATUTORY INFORMATION Institute of Demolition Engineers is a private company, limited by guarantee, registered in England and Wales. The company is also a charity registered with the Charity Commission. The company number and charity number can be found on page 1 of these accounts and the company's 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Companies Act 2006 and the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102 SORP). Incoming resources Incoming resources are accounted for when due. Resources expended Resources expended are accounted for on the accrual basis. Tangible fixed assets Depreciation 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 Intangible 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 over their 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 initially recognised at transaction price unless the arrangement constitutes a financing 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. Going 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 Limited by Guarantee) Notes to the Financial Statements for the year ending 30 April 2025 3. STAFF COSTS Wages and salaries Social security costs Pension Costs Total 2025 106,281 1,210 107,491 2024 99,244 813 100,057 No employee received emoluments of more than £60,000. The company operates a defined contribution pension scheme for employees. At the year end, a balance of £289 (2024 : £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: National secretary / Events director Secretarial assistant Education and Training Administrator 2025 i 1 2 2024 1 1 3 4. TRUSTEE REMUNERATION No trustees received any remuneration during the year. Costs reimbursed to the trustees are detailed in note 13. 5. 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
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) Notes to the Financial Statements for the year ending 30 April 2025 6. INTANGIBLE FIXED ASSETS Cost At 1 May 2024 Additions At 30 April 2025 Amortisation At 1 May 2024 Charge for the year At 30 April 2025 Net Book Value At 30 April 2025 At 30 April 2024 TANGIBLE FIXED ASSETS Cost At 1 May 2024 Additions Disposals At 30 April 2025 Depreciation At 1 May 2024 Charge for the year Eliminated on disposal At 30 April 2025 Net Book Value At 30 April 2025 At 30 April 2024 Furniture and Fixtures 933 : 933 768 41 809 124 165 14 Degree Development Costs 17,416 17,416 17,416 17,416 NIL NIL Computer equipment € 2,925 : 2,925 1,188 435 1,623 1,302 1,737 Total 3,858 3,858 1,956 476 2,432 1,426 1,902
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) Notes to the Financial Statements for the year ending 30 April 2025 8. DEFERRED COSTS AND INCOME 2024 Incoming resources Degree course income Exam fees AGM Seminars Exhibitions CPD Subscription & joining fees Fundraising Consultancy Merchandise Donations Bank interest Total 5,163 210 2,730 5,493 38,410 7,888 103,963 Released from prior years (1,425) (210) (720) : 15,870 8,012 1,621 6,900 6,093 667 191,554 (2,355) Released from current year (975) (2,730) (5,493) (38,410) (7,888) (103,963) (10,370) (8,012) (1,621) (6,900) (667) (187,029) Amounts deferred relate to income received in advance for future courses and events. 9. Analysis of governance and support costs IDE Seminars/ Member Consultancy Education Exhibitions Services Project lI Gov. Total 2025 Direct Costs Course and exam costs Tutors and lecturers Room Hire Amortisation Seminar costs Consultancy Total 1,184 .... - 1,184 34,578 5,320 1,184 34,578 5,320 IDE Seminars / Member Consultancy Education Exhibitions Services Project lI Gov. 34,578 5,320 41,082 Total 2025 2025 2,763 5,500 8,263 Total 2024 12,306 5,162 62,539 7,420 87,427 Total 2024 Support costs Staff costs Pensions 21,256 242 Office expenses 21,256 242 63,769 726 Premises costs 1 I 14,367 Accountancy : : Professional fees 398 Total 21,498 21,498 79,260 106,281 1,210 14,367 7,380 398 7,380 129,636 99,244 813 13,458 5,604 3,155 122,274 Staff costs and Pensions have been allocated based on time spent. Accountancy includes £750 (2024 : £750) in relation to the Independent Examination and £6,630 (2024 : £4,854) in relation to other accounting services. 15
INSTITUTE OF DEMOLITION ENGINEERS (A Company Limited by Guarantee) Notes to the Financial Statements for the year ending 30 April 2025 10. 11. 12. 13. 14. FINANCIAL COMMITMENTS The company's total future financial commitments under operating leases are £15,752 (2024 - £15,297). Due within one year is £11,785 and due between one to five years is £3,967. CONTROL The company was under the control of the Trustees throughout the current period. 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. RELATED PARTY TRANSACTIONS During the year the Institute of Demolition Engineers paid V Watson, a trustee, £744 (2024: £1,443) for costs incurred in connection with the delivery of the IDE Examination preparation days and consultancy work on the Disrupt II project. An amount of £600 (2024 : £Nil) was 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, £5,682 (2024 : £6,377) for consultancy work on the Disrupt I| project. No amounts were owed to Button Holdings Limited at the year end. During the year the Institute of Demolition Engineers paid R Dolman, a trustee, £97 (2024 : ENil) for expenses incurred in connection with exam day costs. No amounts were owed to R Dolman at the year end. During the year the Institute of Demolition Engineers paid Perses Safety Limited, a company in which S McCann is the sole director, an amount of ENil (2024: £11,976) for services provided in connection with teaching and overseeing the Demolition Management degree courses. No amounts were owed to Perses Safety Limited at the year end. STATEMENT OF FUNDS Balance 01/05/2024 Incoming resources Expenditure Transfers Balance 30/04/2025 Unrestricted funds General funds Designated funds - Charitable donations Designated funds - IDE Education 122,734 3,500 10,000 136,234 189,384 - - 189,384 (187,234) (10,906) (1,184) (199,324) (18,590) 17,406 1,184 - 106,294 10,000 10,000 126,294 16