REGISTERED CHARITY NUMBER: 1159541 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR EUROPEAN FEDERATION OF CHEMICAL ENGINEERING Magma Audit LLP Magma House 16 Davy Court Castle Mound Way Rugby CV23 OUZ EUROPEAN FEDERATION OF CHEMICAL ENGINEERING CONTENTS OF THE FINANCIAL STATEMENTS for tho year onded 31 Decombor 2024 Page Report of the Tru8tO 1 to 10 Independent Examinerf¥ Report Ststsmont of Finonclal Actlvltlos 12 Statement of Flnancial Po¥iUon 13 Notes to tho FlnaneiAI Statements 14 to 18 Dotalled Statement of Flnancial Acifvlllo9 19 EUROPEAN FEDERATION OF CHEMICAL ENGINEERING REPORT OF THE TRUSTEES for tho y￿r ended 31 Docombor 2024 Key Achievements during 2024 Founded in 1953. the European Federation of Chemical Engineering (EFCE) promotes cooperation betsveen noTrprofit making professional sGienlific and technical societies, and supports the development of chemical engineering in partnership with its national member societies. In 2014, EFCE wa5 registered as a Charitable InCo￿Orated Organisation ICIO) to help it foster the gèneral advancement of sctence and education of the public in chèmical engineering. EFCE achieves its goals by tscilitating the exchange of information and opinion in meetings, congrèsses and joumals. supporting leading researchers and em8rging talenl through medals and prizes, and enabling industrialists and a¢ademics from across Europe to dSscuss topics of Common concèm. 2024 had a full schedule of scientific Conferen￿$. seminars. workshops, etc. Some of them had record attendance: the ESCAPE-341 PSE-24 conference, organised by the Computer-Aid8d Pro￿$5 Engineèring Working Party in Florence, had the best tumout ever for an ESCAPE conference. While most activity has returned to be face to face, EFCE maintains some online activities, which hava many advantages in terms of time. cost, envircnmenlal impact and inclusivity. and which make EFCE events more accessible to people vtho may not be able to attend in-per50n events. In 2024, this included the Spotlight Talk webinar series, whith took place in spring and autumn and featured a range of tOPiCS selected by Working Parties (WPS) and Sections. Recordings of the webinars are now available to all on the EFCE YouTube channel. Many thanks to EFCE'S Scientific Secretariat led by Dr. marts.ne Poux, who coordinates the Spotlight Talk$ from inception lo publication. In December, the 5th European Forum on New Téchnologies (EFNT) took pla￿ in Paris, dedicated to Artificial Intdligence in Chemical Engineering and industrial applications of Al. The Forum was very well attended, especially by industry. The Ihree final round table discussions on topics suggested by participants were highly engaging and saw strong audience partiapation. Many thanks to Dr. Martine Poux, EFCE'S scientific vice president, Prof. Boèlo Schuur and the French member organisation SFGP for organising such a successful event. Page 1 EUROPEAN FEDERATION OF CHEMICAL ENGINEERING REPORT OF THE TRUSTEES for tho yoar ended 31 Do¢•mber 2024 OBJECTIVES AND ACTIVITIES Working partles and sections EFCE has I￿nty Working Parties and sèven Sections. whose activities span organising conferences. promoting and judging awards, and running summer courses for PhD students. The Working Parties and Sections ar6 at the heart of EFCE'S a¢tivitres. They involve around 1,000 volunteers from across Europe who are experts in their fields. Of these. 15 /0 are industiial delegatas. WORKING PARTIES Agglomeration Chair.. Prof. S. HEINRICH. Hambur9lDE; email.. stefan.heinrich@tuhh.de Charact8risation of Particulate Systems Chair: Prof. Martin MORGENEYER, Compiegn8lFR'. email: martin.morgeneyer@utc.fr Chemical Reaction Engineering Chair.. Prof. Kai-olaf HINRICHSEN, Gar¢hinglDE- email.. hinrichsen tum.dè Comminution and Classification Chair.. Prof. Arno KWADE, Braunschweig/DE; email: a.kwade@tu-bs.de Computer Aided Process Engineering Chair.. Prof. Flavio MANENTI, MilanollT', email.. llavio.manenti@polimi.it Crystsllizalion Chair.. Prof. Daniele MARCHISIO, TorinollT; email.. dani81a.marchisio@polito.it Drying Chair.. Prof. Angelique LEONARD, LiègelBE' email.. a.leonard@ulg.aobe Education Chair. Dr. Hermann J. FEISE. LudwigshafenlDE,' email.. homian.feise Electrochemical Engineering Chair.. Prof. Karel BOUZEK PraguelCZ,' email." karel.bouzek@vs¢hLcz Fluid Separations Chair.. Prof. Harry KOOIJMAN, AmsterdamlNL' email.. Harry.Kooijman@shell.¢om and PotsdamlUSA', email: kooijman@clarfr the Earfy Career Chemical Engineers Sèction, was again a great $u¢cYss. As well as participating in th6 EFCE Spotlight Talk series. the section has been helping the EFCE Board évaluate and improve the EFCE website. The Section will noxt work on deepening its links wth other Sections and Working Parti8s. Sustainablllty Since being reactivated in 2023, Section members s8v6ral online meetings in 2024 to develop ftiture adivity and structure its subsections. Section members helped organise of the autumn 2024 Spodight Talks lone with the WP on Education). Page 7 EUROPEAN FEDERATION OF CHEMICAL ENGINEERING REPORT OF THE TRUSTEES for tho y•ar ended 31 D•cember 2024 OBJECTIVES AND ACTIVITIES Spotllght Talks- contlnu•d Launched in 2020, the Spotlight Talks webinar series https."Iletse.infolSpotlight_Talks.html are now a highly anticipated event bringing together the chemical and biochemical engineering Community. and one of EFCE'S success stories of recent years. The Talks are presented by leading industry and academic experts and enable Worf(ing Parties, Sections and attendees, to discuss a diverse range of chemical engineering topics. Behveen them, the 2024 spring and 8Utumn Spotlight Talks féatured 23 webinars. The 6th séri6s. from 15 March to 28 March, featured eleven contributions from the following Working Parties and Sections" Chemical Reaction Engineering, Crystallization, Drying, Education, Fluid Separats'ons, Loss Prevention and Safety Promotion, PrO￿s$ Intensification, Static Electricity in Induslry, Themodynamics and Transport Properties, Food, and Membrane Engineering. With an average of 112 participants in each webinar (1,238 in total). it was EFCE'S best-attended series of Spouight Talks ever. The 7th series, held from &14 November, consisted of tsyelve webinars organized with the hèlp of thirteen Working Parties and Sections {Sustainability, Mixing. Electrochemical Engineering, High Pressure TeGhnology, Food. Loss Prevention and Safety Promotion. Agglomeration, Multiphase Fluid Flow, Ststic Electricity in Industry. Education. Polymer Reaction Engineering, Thermodynamics and Transport Properties and Early Career Chemical Engineers}. The attendance was very good wth a total of 1.098 participants {average 92 per webinar}. Recordings of webinars are available on EFCE YouTube chan￿1 https'.IlwM.youtube.comlchanneVUCxuvfobSST3DMHLAwZ6326w where they continue lo rack up views - some have had over 1000 by now. European Forum on Now Technologles The 5th European Forum on New Technologies was organized in Paris on 13 December 2024, gathering experts. professionals, and researchers coming half from academia and half from industy {with 42 Companies taking part) to discuss the role of Artificial Intslligence in Chemical Engineering. The large attèndance {130 participants) from 17 countries confim)s that Al is a hot topic that concerns many areas of chemical engineering. The programme comprised three separate sessions, covering an Overview of artificial intelligence for process engineering. an exploration of Generative artifiual intelligence and transfomiation in process engineering, and examples of Al applications in chemi¢al engineering. The pr8sentstions w8r8 followed by a round table discussion, tackling three questions.. Can Al enhance creatimty in process engineering? How can Al be better integrated into Chemical engineering curricula? Whal is the futur6 of Al-human collaboration? The discussion showed the desire for more synergistic collaboration betsveen academia and industry to ¢reate a positive ripple effect. It also underlined the importance of democratization, within the boundaries of inlelleclual propety rights, the need to ensure repli¢ability of results and transparency in Al frameworf<$ to foster trust betsyèen humans and Al, and the imperalive to educatè the next generation of chemical engineers, equipping them y￿th a thorough understsnding of Al's potential and limitations to promote it has responsib16 use. Admlnlstralive report 2024 was the tenth year of EFCE as a Charitable In¢orporated Organisation. The Executive Board met in p8r50n in April in Lisbon. u$ing this opportunity to visit the EcCE￿cAB 2025 conference venué, and in August in Prague. It is supported by the Management Committee, which meets monthly to monitor progress of activities. During the year, invoi¢ing, forecasting and payment ot expenses were closely managed to keep the EFCE accounts under Control. The 2024 fees were raised 3 /0 allhough this does not fully allow for rising costs. Details about the economic and financial perfomance of the CIO are provided latsr in the financial report. EFCE strong online pre$ence in 2024 was further bolstered by the very active social media campaigns of the Earfy Career Section colleagués. EFCE publicises its activities through its e-n8wsletter and six issues were published in 2024. Press releases highlight other news, mainly relating to the various EFCE awards. Seven press releases were published in 2024.you can find EFCE on Linkedln and YouTub6. Page 8 EUROPEAN FEDERATION OF CHEMICAL ENGINEERING REPORT OF THE TRUSTEES for the year ended 31 De¢ember 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The d)arity is controlled by its governing documènt, a deed of trust and constitutes an unincorporated charity. Change8 to the Board of Truslee8 EFCE'S member societies elecled new officers and trustses at the General Assembly in 2023, resulting in a number of changes that took éffect at the start or 2024. Giorgio Veronesi, President and JaTka Glassey, Executive Wice-president of the Federation started their second tsm of office. On 1 January 2024, the new S¢ientr'fi¢ VI￿PreSIdent, Boelo SGhuur, joined the EFCE Officers, team. The new eleded ¢har¢ty trustees for the temi 20242025 are.. Giuseppe Bellussi, David Bogle, Elisabetta Brunazzi. Antonio Goncalves da Silva, Antoon ten Kate, Juraj Kosek, Antonis Kokossis, Patrid( Pi¢¢ione, Laura Pirro, Eri¢ Schaer, Tomasz Sosnowski. and Michael Wifk. Five members stepped down at the end of 2023, after compleling their temi - they are interim Scientific Vice-Presid8nt Michael Considine. elected trustees A18xis Pey Torruella and Maurizio Rovaglio, as well a$ wpted trustees Silvie Mrfjller and Laura Pirro. In addition to the S¢ientific VIGfrPresident and the new elected trustees the new o>opted trustees Alvaro Ramirèz-Gomez, Ana Montoro and Sofia Garcia Fracaro joinèd the Executive Board. Giorgio Veronesi, President Boelo Schuur, Scientific Vice-Presid8nt Jarka Glassey, Executive Vice-President REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1159541 Prlnclpal addre8$ Davis Building 165-189 RaiNvay Terrace Rugby Warwickshire CV213HQ Trustses F Nicol G Veronesi C Flavell-INhile (resigned 3110712025) D Bogle P Piccione M Wilk A ten Kate E Schaer Dr J Glassey A Kokossi$ T R Sosnowski A Forster A Rarnirez-Gomez L Pirro J Kosèk.{appointed 0110112024) E Brunazzi M Ana (appointsd 1910412024} S Garcia Fracaro {appoinled 1910412024) G B&llussi (appointed 0110112024) B S¢huur (appointed 0110112024) A Goncalves da Silva (appointed 0110112024) Page 9 EUROPEAN FEDERATION OF CHEMICAL ENGINEERING REPORT OF THE TRUSTEES for tho year ended 31 December 2024 REFERENCE AND ADMINISTRATIVE DEfAILS Independènt Examinèr Magma Audit LLP Magma House 16 Davy Court Casde Mound Way Rugby CV23 OUZ Approved by order of the board of trustees on ......... - and signed on its behalf by: G Veronesi - Trustee Page 10 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EUROPEAN FEDERATION OF CHEMICAL ENGINEERING Independent Examlnefg Report to the Trustees of Euro￿an Fodèration of Chemical Engineer8 I rèport to the trustees on my examination of the financial statements of European Federation of Chernical Engineers {'the charity,) for the year ended 31 December 2024 which comprise the Statement of Financial Activilies. the Balance Sheet and related notes. This report is made solely to fhe chartty's trustees. as a body. in accordance with section 145 of the Chaiities Act 2011. My work has been undertaken so that I might state to the chanws trustees those matters l am Trquired to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and Ihe charity's trustees as a body. for my work, for this report. or for the opinions I have fom)ed. Responslbllltles and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with tho requirements of the Charities AGI 2001 ('the AGt'). I report in respect of my examination of the charity's financial statements carri8d out under sedion 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sectton 145(5){b) of the ACL An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor Considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to wh8th@r the financial statements present a true and fairf view and my report is limited to those specific matters set out in the independent 8xaminerfs statement. Independent examlner's 8tat•m•nt I have Completed my examination. I confinn that no material matters havè come lo my 0tt8ntion in c£snnection with thé examination giving me oause to believe that in any material respect: a¢¢ounling ￿cOrdS were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those record$- or the financial statements do not comply with the applicable requirements concerning the form and ￿ntant of accounts set out in the Charities {Accounts and Reports) Regulats'ons 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no COn￿rn$ 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 financial ststements lo be reached. VJlLfv Vi¢ki Craig Magma Audit LLP Magma Hous8 16 Davy Court Castle Mound Way Rugby CV23 OUZ 12 September 2025 Page11 EUROPEAN FEDERATION OF CHEMICAL ENGINEERING STATEMENT OF FINANCIAL ACTIVITIES for the year endod 31 Dg¢ember 2024 2024 Total funds 2023 Total funds Unrestricted frjnd Restricted fvnd Notes INCOME AND ENDOWMENTS FROM Charitablg activltles ChariL8bl6 activits.es 114.268 EXpEND￿uRE ON Raising funds 185 Charitablo activities Resources expended Charitable activities 14 70.956 60.134 60,134 Other 4,041 3,502 Totsl 64,176 74,657 NET INCOMEI(EXPENDITURE> (2,224) (2,224) 39,611 RECONCILIATION OF FUNDS Totsl funds brought fO￿ard 135,477 16,861 1S2,338 112.727 TOTAL FUNDS CARRIED FORWARD 133 253 150 114 152,338 The notes fom part of these financial statements Pag8 12 EUROPEAN FEDERATION OF CHEMICAL ENGINEERING STATEMENT OF FINANCIAL POSITION 31 December 2024 2024 Total funds 2023 Total funds Unrestricted fvnd R8Strictéd fund Not8S CURRENT ASSETS Debtors Cash at bank 29.026 29,026 204,955 32,399 202.006 217.120 16,861 233,981 234.405 CREDITORS Amounts falling due within one year (83.867) (83,867) (82.067) NET CURRENT ASSETS 133.253 150 114 152.338 TOTAL ASSETS LESS CURRENT LIABILITIES 133,253 16,861 150,114 152,338 NET ASSETS 133 253 150.114 152.338 FUNDS Unrestricted funds Restricted funds 10 133,253 135,477 TOTAL FUNDS 150 114 152,338 The financial ststements were approved by the Board of Trusteés and aulhorised for issue on ............ and We￿ signed on its behalf by: G Veronesi - Trustee assey njstee huur- Trustee The notes form part of these financial statements Page 13 EUROPEAN FEDERATION OF CHEMICAL ENGINEERING NOTES TO THE FINANCIAL STATEMENTS for the yoar ended 31 Dècembor 2024 AccouKfiNG POUCIES Basls of preparing tho financial ststem•nts The financial statsments of the charity, which is a public beneffit éntity undor FRS 102, have been prepared in accordan￿ wtth the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparin9 their a￿Ounts in accordanc8 With the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effe¢tive 1 January 2019),, Financial Reporbng Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republlc of Ireland, and the Charilies Act 2011. The financial statements have be6n prepared under the historical cost convention. The presentational currency ofthis charity is Euros because this is also the functional currency. The charity has taken advantage of the following dI￿10$ure exemption in preparing these financial statements, as penrtitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statsment of Cash Flows. Ineome Licence fees and Subscription income is r8cogni$ed in thè Statement of Financial Activities once the charity has entiuement to the funds, it is probable that the income will be receivèd and the amount can be measured reliably. Exponditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, tt is probable that a Iransfer of economic bénefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrual$ basis and has been classified under headings that aggregate all co$t related to the category. ￿ere costs cannot be dire¢dy attribuled to particular headings they have beèn allocated lo activities on a basis consistent with the usè of resources. Taxation Thé charity is exempt from tsx on it$ charitable activits'es. Fund accounting Unr8Stricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restrided funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when spe¢ified by the donor or when funds ar8 raised for parti¢ular restricted purposes. Further explanation of the nature and purpose of each fvnd is included in the notes to the financial ststements. Forelgn curren¢lo8 At each year end foreign currèncy monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the dote of thè transa¢tion and non4monetary items measured at fair value are measured usiThJ Ihe exchange rats when fair value was detennined. Foreign exchange 98ins and losses resulting from thè settlement of transactions and from the translation at the year end exchange rates of monetary assets and liabilities denominated in foreign curr8ncie$ are recognised in the $tstement of financial activities. Flnancial instruments The charity has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of finan¢ial instruments. (i) Financial assets Basi¢ financial assets. including debtors and cash and bank balances are initialty recognised at transaction price. unless the arrangement constitutes a financing transaction, where the transadion is measured at the present value of the future receipts di$¢ounted at a market rate of interest. (li) Financial liabilities Basic financial liabilities, including creditors ar8 initially recognised at transaction price, unless the arrangement constitutes a financing transaction, wh6ré the debt instrument is measured at the presènt value of the future payments discounted at a market rate of interest. Page 14 continued... EUROPEAN FEDERATION OF CHEMICAL ENGINEERING NOTES TO THE FINANCIAL STATEMENTS - continued for the yoar ended 31 December 2024 ACCOUNTING POLICIES - contlnuèd Cash and eish equivahnts Cash and cash equivalénts are repre¥ented by cash in hand. deposits held at call with financial institutions. and other short-tenm h￿hlY liquid investments that mature in no more than three months from the date of a¢quisitson and thal are readily convertible to known amounts of cash with insignificant risk of change in value. Crltl¢al a¢¢ounting ostimates and a$$umpllons Thè charity makes estimatss and assumptions conceming the future. The resulting accounting éstimates will, by definition, seldom equal the related actual rosults. The estimates and assumptions that havé a significant risk of causing a mat6rial adjustrnent to the carrying amounts of assets and liabilitie$ within the next financial year are addressed below. (i) Impaim8nt of debtors The charity makes an estimate of the recoverable value of trade and other debtors. lthen assessing impairment of trade and other debtors, the trustees considèr factors including the cutTent credit rating of the debtor, the ageing profil8 of debtors and historical experience. INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Charitable activities Charitable activities Charitable activities Subscription incom8 Licence fee Sponsorship 35,344 23,607 3,000 35,423 52,345 26.500 114268 RAISING FUNDS Other tradlng aetivitlej 2024 2023 Bad debts 185 CHARITABLE ACTIVITIES COSTS Direct Costs {see note 5) Support costs Totals R&sour¢&s expended Page 15 continued... EUROPEAN FEDERATION OF CHEMICAL ENGINEERING NOTES TO THE FINANCIAL STATEMENTS - Conllnuod for the year onded 31 Decembor 2024 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Sundries Excellencé awards Working paty grants General secretarial Memberships UK secretarial fee Scientific projects Donations Paid Lifetim8 recognition award Behrensl Villelmaux Mesyal Student mobility awards Early career travel support 772 13.517 6,010 1.006 31,827 31,493 1,100 15.106 16,573 2,07S 925 1,000 6,499 OTHER 2024 2023 Independent examination fee Exchange differen￿$ Bank charges 3,915 79 47 3.453 49 14 3.516 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or othér beneffts for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trusta•s' expenses During Ihe year, trust8es received reimbursement of expenses of É4.152 12023.. £3,555) for travel and other èxpenses. DEBTORS: AMOUNTS FALUNG DUE ￿THIN ONE YEAR 2024 2023 Trade debtors p￿paYMents and accrued income 23,554 30,137 2.262 29,026 32,399 Page 16 continued... EUROPEAN FEDERATION OF CHEMICAL ENGINEERING NOTES TO THE FINANCIAL STATEMENTS . continued for the yoar endod 31 Docomber 2024 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other creditors Accruals and deferred income 35,491 36,472 11,(K14 34,591 83,867 82.067 10. MOVEMENT IN FUNDS Net movement in funds At 31112124 At 111124 Unrestricted fund• General fund 135,477 12,224) 133,253 Restrlcted fund• Restricted Fund 16,861 16,861 TOTAL FUNDS 152 338 2.224 160,114 Net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fvnd 61,951 (64,175) (2,224) TOTAL FUNDS 61,951 64 175) Comparatlves for movement In funds Net movement in funds At 31112123 At 111123 Unrestrlcted funds General fund 94,866 40.611 135,477 Restricted funds Restricted Fund 17,861 {1.0001 16,861 TOTAL FUNDS 112 727 39.611 152 338 Pag8 17 continued... EUROPEAN FEDERATION OF CHEMICAL ENGINEERING NOTES TO THE FINANCIAL STATEMENTS - conilnued for the year ended 31 December 2024 10. MOVEMENT IN FUNDS- eontlnued ComparatlV8 net movement in funds. included in the above ar& as foll¢)ws'. Incoming resources Resources expended Movèment in funds Unrestrf¢ted lunds General fund 114,268 (73,657} 40,611 Restricted fund$ Restrrcted Fund {1,000) {1.0001 TOTAL FUNDS 114.268 74,657) 39,611 A current year 12 months and prior year 12 months combin8d position 15 as follows.. Net movement in fijnds At 31112124 At 111123 Unre8trfcted funds General fund 94.866 38,387 133,253 Restricted funds Restricted Fund 17,861 (1,000> 16.861 TOTAL FUNDS 112.727 37,387 150.114 A current year 12 months and prior year 12 months combined net movement in funds, induded in the abovè are as follows: Incoming resources Résources expended Movement in funds Unre8tri¢t•d funds Génèral ￿nd 176,219 {137,832) 38.387 Restrlcted funds R8stricted Fund (1,000) {1,0001 TOTAL FUNDS 176,219 1138,832) 37,387 11. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 December 2024. Page 18 EUROPEAN FEDERATION OF CHEMICAL ENGINEERING DEfAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024 2024 2023 INCOME AND ENDOWMENTS Charitable a¢tlvlties Subscription income Licence fee Sponsornhip 35,344 23,607 35,423 52.345 26,500 114,268 Totsl Incorning resources 61,951 114,268 EXPENDITURE Other trading a¢tivitle Bad debts 185 Charltablo aelivhles Sundries Exttllenc8 awards Working party grants General secretarial Memberships UK Secretarial fee Scientific projects Donats'ons Paid Lifetime recognition award Behrensl Villemaux Medal Student mobilty awards Early career travel support 772 13,517 6,010 1,006 31,827 1,100 16,573 2,075 31,493 1,100 15.106 925 1,000 544 6.499 60,134 70,956 Other Independent examination fee Exchange differences 3.915 79 3.453 49 3,994 3,502 Support eosts Finan¢• Bank charge3 47 14 Totsl resources ex￿nded 64,175 74,657 Net (oxpenditureylncomè 39,611 This page does not fomi part of the slatutory financial ststements Pag8 19