CHARrrY REGISTRATION NUMBER: 253608 The Combustion Engineering Association Unaudited Financial Statements 31 December 2023 CARSTON Chartered accountants 1 st Floor. Tudor House 16 Cathedral Road Cardtff CF119LJ
The Combustion Englneerlng Association Flnanclal Statsments Year ended 31 December 2023 Pag• Trustees, annual report Independent examinerfs report to the trustees Slatement of financlal activities Statement of financial position Statement of cash flows 10 Notes to Ihe financial statements 11 Tho followlng pages do not form part of th• financlal statements Detailed statement of financial activities 20 Notes to the detsiled statement of finanaal activities 21
PAgè 1 The Combustion Engineering Association Trustees, Annual Report Year ended 31 December 2023 The trustees present thelr re1 aThJ the unatyjiled finon¢i81 $18tements of the chgrity for the year ended 31 December 2023. 1¢h has boen wepared In accordance the Finandal ReporUng standards 8pplic*>le in the UK and Republic of IT9 {FRS102}. REFERENCE AND AOMINISTrATIVE DETAILS R•glstw•d Gharlty nam• The Comtsjsllon Englne6ftrKJ A88od8ti( CharSty r•gl•trnt1¢ numb•r 253608 Prlnclpal offlc• NEfpark Thomas Wrlght Way Sedgefiekl Co. Durham TS21 3FD Th• tru8t• Mr m.co Mrs S. Kuligovthj Mr A. RhtsJo9 Mr M.J. Walton Apwnted 14th Mgrth 2024 Resigned 14th March 2024 Re$wrd 14th March 2024 Ind•p•nd•nt •xafflln•r Farz8n• Ahmod ACCA 1st Flcor. Tu(k)r Hce 16 C8thedrd Road C8fdiff CF119LJ OBJEcnvES AND ACTMTIES The trustses confim that Ihey have letted lo the guldance contained in the Charity Commlsslon's gener81 gUanCe on public benefft vthen The Combuskn Englneertng A550clalon'5 alms and otyectlv68 In pfannlng future Ktivg$. Th8 As8od8Ion was t0ded In 1933 8nd the m8ln Obltive of Ihe AssLxati(m contknues to b8 th8 prwsK¢n of 0 SeCe for the publk dlssemknauon of krThAedoe of o)mbuslion 8TrJlneerfng and efficiency in the ulilis81ion of energy and a55Cf4ated Informat. This is achieved by hOing Regional Technical meetiThJs. conferences in the U.K., training Courses wj the prowsK)n of tschnicol information and guidanc8 to members and other intereste(1 parb'es. In 2004105 th8 As8ocKatk)n instsgaled a qUaIrf1jn in the operation of industrial boli er plant I'BOAS'} joinlly th the HSE and the Carbon Trust, Ihe syllabus cover5 both heahh and safety and energy efficiency prinaptes. This is recognised on a nattonal lev61 and ther8 arè sevéral approved training cenlres operalad in tho private se¢tor,' BOAS is now a 99nrn1 part of CEA aCtity accounting for., 62% of income Guidance ¢Jxurnents have been created arKI published to help educ8t8 ifKlustry in th8 safe and efficlent use of steam and heating plant. these are calkd the BoilerGuidance IBG_ J series. There are currently. 9 documgnls in the swies ¥Mth BG11 recenty wblished and further guKlan¢e at the cnmmittee stage covering the safe and effiuent use of electnc steam boile. It is expected Ihat the final document will rdeased in earty 2024 and will be suppwled by a launch event and medra promotion through 2024. Launched in 2016. the Industrial G8s AcoTedi131ion Scheme11-GASI offers a route to demonstrating competence when working on gas in the industrial environment. Recognising the shortcomings of the Gossafe accreditation outside of the domestic and small commwcial envirot)menL I-GAS has a number of qUaIrfitn$ c¢)vering gas safety larger scale plonL 2022 saw our fitst'ls Ccnfwen¢e" with a rther conference in 2023. It is expected that more VAII follow In 2024.
Poy• 2 The Combustlon Englneerlng Association Trustoos. Annual Report (eth•) Year •nded 31 Decemb•r 2023 Objth and oGtlvttl•s (efirfnwoy The CEA has been running Steam Bc41or Wator Tr88lment traiThng (SBwf) (y)ur5es frjr 8 number of years; it is inteThJed for these to continue thIChOUl 2024. CEA Mla8lon CEA Seeks to improvè the undw51an(firg 8rKI devewmenl of ts comtsjslin insty. CEA is Nycng wlh mombws. manufacttwers. suppligTS. contr8¢torn. u8ars In the UK comtyjstknn engln8erfng Industy. InCdIng. Bomer. 8umer & Equlpmenl Manufacturers steam Equipment ManufaduroTS & Suppliers End-usars, Installers & cOntrt Energy Suppls Faolities Management & M8inlen8nce Prowders Fuel Suppliers.. Coal, Gas, Ele¢ty, Oil & Nth¥ FlS Industrial. Enwronmentsl & DesvJn Consullants Unfvergltres Colleges BEIS NHS Defra Environment Age CEA Actlvltl•s Ev•nt8 & mArk•dn During 2023 event$ were organisgd for SBIKTh and I-GAS arKI Ihese pro¥&1 9 6ucco88 along wth the nnuBI Damd Gunn memorial lecture and the annu81 dinner. All the everrts thot CEA run 8rg open lo lh8 industy ot kqrge and thè gèneral publlc. CEA Is en equal opportunity orgenis8tYJn. CEA welcomes pe8 from 8118re8s of %Kiety and doès not dlscrfmlnale on the grounds of cokyjr, race. ethnicity. religion. sex, $8xual orientstion or disgbilrty in offedng these opportunities. CEA events are deslgned to delNerguldance and educats)nal benefits for pe¢)ple's s8fety and genef81 knovAedge. Event nolffic8tion Worng with other parallel organisatsons on related Iwcs and prcffiotsng other evènts where appropriate plus signpostsng lo indmdual members. Lecturos and AardS Annu81 memorial lecture Publie4tion8 Tgchnkal oTrJ a(Msory Inthty guk19s ond best praGtirn I1kts on operalion and mainlenarnx of plant and equipment. Member publicab.ons Member yearboxjk and listing. All the putrAic8lTons thai CEA produ$ or publish85 are available and accessible to all Indust5 and the 9eneral pu1C. Al CEA publications are intended to infrThative anJ education81 for all levels of p&)ple working in general engineering industy. ttw may also be used as edational lools for tswthr publ knovledge and are chargeabl
Pag0 3 The Combustlon Engineering Association Truste88' Annual Report Yoar ended 31 0¢mber 2023 ObJ•ctiv•s and athitl•s (¢oJJtht s•ntatlon Stsndards arKI legiatrOn ASsting th8 fornutson and deveknpmenl of Britlsh Ind1 stanilwts or DIreCveS and suwIng Govemment polky maklng apwowale. AdSOry GovemmenVd&p8rknents th industy related issues and mattern. SLth as the Defra Combusdon Research ProJ&t ConltatIon Regu18r lison 8nd reGognion'. with UK bodies such as Dgfra. BEIS, British Standards, Hoarth & Safety Exeojbve 8rKI Ihe Er0Mt Agenc18s on all 88pts of Ihe Industy. re approprfate. Cooperation Wlih similar assctk8thJns and trade b)dies 8nd joint W01ng parties on in(hJsty rel818d lopkg ere this 81igns with the ot4ects¥es of the Asscc4attons. Suc* as the Sl8ering GfOUP for PAS 4445 - Hydrogen firing and hydrogen conwstin fOr18r 9as-firgJ equipment Education WCn9 Mlh and bwng the link to UK universitios. rnsearth estalshM0nts and students on combuslbon ¢nginogrirwJ, where appropriate. Traknlng FlitatIng Iralning and assossment for ga¥ wofesslon818, operators and managers. Also, thosfy people wryking kn Industy a rarye of fuejs for tsJmer equSpmenl.
Pag• 4 The Combustion Engineering Association Trustees. Annual Report (¢)Jrfknwo) Year ended 31 December 2023 ACHIEVEMEKfs AND PERFORMANCE The Boiler Opor8tions Accreditstton Sceme IBOAS}, has18rgdy moved bad( to lace-tfa¢e tralnlng and asseSent in 2023. Online Tralning and Assessment conllnues to be used in some areas at the discretion of the tr8inlng providers offtiring 9reatw flexibility. 910 candidates achleved a qu81ifi08tion urKler the s¢heme in 20231687 ¢aTrJKlates in 2022) IQAS The'lndustrial Ga8 Accr8ditabon Schome'11-G4SI was Orglsed to offer 4 differont a¢)7editalions: Gas Safety Awmreness Gas PipevKJrk Technioan Gas CombusI)n Engineer Ga8 System Managem1 The proce88 of tr8rL8ltlon to CIO cMllnued. It Is an objedlve of th# TTu8tses to complet8 the transStion kn 2024. FINANCIAL REvfEW All funds are unrestrfcted general uge by the charlty. Ino)me Is wedomlnanlty ralsed from the chartlable actmties of the org8nis8lp)n, namely: member8hlps. conference fees and cerfication fees. In 2023, eXpltUre exceeded Income by £2CQ,468 {2022 Incom• •xc••led expVU[8 by £39,¢f29>, resulting in o decrease in general reserves. Inv••tmonl P0rn and rn•trfctlon• It is Ihe pdicy of the Ass(Kiglion th81811 funds Immedlately requked aro invested In bank deposits. Marfty deslgnaled Charfl Offickql Inveslmonl FuThls. R•MN•• Pollcy The Association perlcm$ • v4rfety of woJeGts on bohall of its member¥. In 8x4minirYJ the nature of th• proiects arKi the resource5 needed lo COMpte that wo. it is the pollcy of the AssodaOn lo ld gtsfficlant cash rèserves equnI lo Ihé fix¢d easts of running thè Assoaallon for 8 perictyd of six months. Al the yearaend 2023. Ihe chanty held rgsems 01 £253.86212022 £454.330}. 18 enough to ¢QV8r six monlhs expenditure 01 the preVu$ yearfs level. Tr*re ore exceplionol costs in the current year Nthich 11 not repeated. Fm ruerves are £249,567 {2022 £451,830). During the peri¢xl November 2022 and January 2024, we were required to 8ddress certain legol matters with the ossislance of extem81 prOfeSonal athsors, vthich irlUded provkling a report lo th8 charity ¢xmmlssion. As por the report sUed lo the charty commission there has been no malerial irnp8Ct on CEA in ternis of its business as a going cryKem. Th is because CEA tcrfS( tsmely professw)nal advice and18gal topics were 8ble lo be resotved. CEA'S ffinano81 reseNes were not SQV8Tdy impact8d. hthvever. the financial impact a5 a oneff was £198.710 a5 per note 8 to th8 xcounts and CEA continuad to maintain its op8ration3 8nd serv8 beneficbgries IlYwtrb)uL The CEA followed the procedures and processes ouUln6d In rts constitution., n8mely keeF4ng the Couneil Informed and obtslnlrKJ the consenl and 8pwov81 of the c{nl when required.
Pag0 S The Combustion Engineering Assoclatlon Trustees, Annual Report (conthl Year ended 31 December 2023 Flnan¢iaJ review (tOnth) statem•nt CEA prldes 8811 M Its sta$ as an educatlonal chartty arml Stre8 to ensure this aim is a malntsinad as tha prthinant factc¢ amongst tha varled acuvllies undertaken. CEA can jLtsUy ctaim lo have increased the kno%dge of many IhcMJsands of indrdu•r$. groups and seclors over many years by the fomial and inform81 training and edwational events. publications wide access toaccumulated knthvledge. The Trust888 of CEA gNe of Ih8ir time freety to cwry (Mjt the rK>m)81 duties of a Trustee. undef nomial dNmstsnces no remuneration or expwws we to Ihe Tntsleès dftll ts year. CEA have paid certain out of pocket eXrIseS indmdual members are not financlally supported by thalr respactlvè èmployerfor CEA athty Ythen helpirKJ the CEA in Its wals and 8mbitions lo fullll mlssJn. PLANS FOR FUTURE PERIODS A newly a$$embl8d Hydrogèn Working GrJp wll ensu a focus on the development of understanding b)th within grnment and and•users ol the necessary changes requwed for the large.8caie 8doplion of thls lowlzoro ¢athn lu¢l. Rlslng fuel wk•svAII kYesent8n i¥portuntylo o widgraudi8nLY through 2024 wlth owme88a9lng on energy effia8nl use offossll fuels. Not to menti(K) the topk surrryjnding tUreeL4 and 9ctrifica.0n. Guid8rt8 dtxuments on meterlng & monitoring arn in the plan for 2024 vAth 8G13 Gomplete and rgady to launth In 2024. A renewed focus on understsThJiTrJ and delNering weatsf benefit lo Ihg memt•rs of th8 As3odalon. Completion of the Irartsitbn to a CIO. A review of the govemonc• of the Assooation to f¥litate fastw, more robust. de£lslon mgking. STRUCTURE. GOVERNANCE AND MANAGEMENT The Assodall¢)n Ss a registered Charlty. number 253608. and is govemed under the tem)s ol ils written Conslilulion. It was registered th Charity Commission on 19ll) Saptember 1967. CU has reviewed the major risks to it 1$ exwsed and h8s eslablvahed systems lo mits'gate those risks. The CEA is currently an Unincorporat8d Charlty bul has. Sn 2021. added and submitted to ihe Charity Commission Clause 17 10 the ConslilUti. to fjnab it to have the po%wrs to migrate to a Chariloble trKorporaled Organi5ation ICIO). This process is beiNJ guided ty 8 LOn based company Wed18ke Bell. we would hope that Is able to make the dnge and be accpted 8s a CIO. The constitullon dScl8les Ihat Ihe Chaty is managed by a CouncAI of no more than 25 and no less than 10 members and associates. These are appointed at the AGM. The Council appoints from among i15elf a Chairnian, a Treasurer arKI tlwee WKe£hairmen. sut¥ect to the rules speufied in tha con5tibJtion regarding lemis of office.
Page 6 The Combustion Engin•ering Association Trustees. Annual Report1¢th7d Y?ar ended 31 December 2023 Structur• gov•rnanG• m•nag•m•nt Whilst only tsvo members of Counul arts named efi the Charrty CommissK¢n's web&te. for the CEA'S a1r8 to the Ch8rity Commiss, undergenval law. 011 Cwn¢il members 8redeern lo be responsib In an urNncorporated association and therefore have tharity truslee duties to wmply . Ths is of course one of Ihe drivers for tr wop)sed inccwation of the CEA as a CIO. Und8r the constilullon, the trustees and CoLmdl are defined as havln9 the folkmlng ro9.. The Councll shall have lull authorrty to represent and to act on beh8if of the Assoualen In th I9Ul prosecut(on of its aims and obJ'eGts. trhel Trustees wll be reSpOr•b the fin8rMI arKJ other affah of the As50akqtion lo the Charity commissi and in acco30 regulation as 8et down by the Charity Commissh)ners from t¥ne-t(ktimo. The Iruslees he are responsibjè for reportilg to tha Ch CMimis8ion. Hov•*ver, the runnlNJ of the CEA vests In tho COU11 b$ akln to belng 8Ktual trustees of a ch8rfty1. In summary k Is commonty acc8Pt8d thal the cMittee of on unincorporgled gssocLgtion {the Councll In this ra$el effecbvely wn the tharity and are thereby chwity trustees vkno in tum thoreforn h8V8 duciary. duties lo act in the best interests of the chwity. Day-to-day managem&tt li88 with the $ubthuts manw WKI any othgr member of stsff deemed appropri816 for the th8rlty. 8rn appe4nt8d by CourKII. Th8 Irust88s' anrw81 ropLvt W8s approved 00.th Auaust 2024 SIed on beh811 of the board of trustees by: Mr M.Casay Tru8l¢e
Pago 7 The Combustion Engineering Association Independent Examlnee$ Report to the Trustses of The Combustion Englnearlng Assoclatlon Year ended 31 Docomber 2023 I report lo Irustses on my examinaticffj of the fmancial statents of Th8 Combustion EngineerirKJ Association Ilhe chÈri) for the year ended 31 Dmber 2023, YA)ich a set out on pages 8 10 22. R•spon8lbllltl•s •nd b•sls of Iwrt A$ the charity's trust$ you are reswsible for the prepwation of the finarKAal statemants in cordance with the requ¥rents of th8 Chartim Act 2011 {Ih• Acf). I report in re$p8d ol my examinatw of th8 chartty's financial statements ¢2rrfed tyjt under sedion 145 of the 2011 Act and carrying out my examinatkryn I hav6 followed al the applkable Direotv)ns given by the Charity CommissK)n under sectiw 1445Mb) of the Act. Ind•p•nd•nt •xamln•Vs sta¢•m•nt SinGg tho charity's gTQ¥S inc¢)rng excgeded £250.OfKI yt)ur examiner must be a member of 8 body listed In s8ction 145 01 tha 2011 Act. I confirni that l am qualffied to undertake the examination be¢au$o l am member of the ASSc¢iatK of Chartered Certifigd Aceowtsrts (ACCAI. thlch is one of the listed bodies. I have comF4eted my gx4min8lion. l (trffirm that M mateMI matters have comg tt) my attonyon In ConntIOn wrth th8 8xamIn8tn givbng me cause lo believe Ihal In any material respect.. accounlng records V•W8 not kopt In respect of the charity as requirod by section 130 of the Act: or thè financi81 $taltmènts do not atrd V•itrb th08e rncords: or the fin8rK101 slatements do nol comply Imlh tho aWub16 réquirèmènts concemlng the fomi ar¥J contenl of acccAJnls sel out in the Ch8ribes (Accounts aTrJ Reports) Regulallons 2008 other than any requir8m•nl that the accounts giv• a 'lrue WKI f•irf view which is not a matter consNJered 88 part of an Indep&vJ8nt ex8mln8110n. I have no concerns and have corné across no oltw matters in connecti¢)n lh th8 examination lo which attentbn should be dr8n in this report in ¢yd•r lo wgbbe a proper uTrJerstandir*J of the &counts lo be re8ched. Farzana Ahmed ACCA Independent Examiner 151 Flo, Tudor House 16 Cathedral Road Cardiff CF119LJ Date: c41 e4 l
The Combustion Engineering Association Statement of Financial Activities Year ended 31 December 2023 2023 2022 fvnd5 Total funds Totsl funds Incom• and •ndo*inorrts Donatk)ns and legacies Ch81rt8ble tivitIeS Investsnent Income Olher income 500 542.557 2.379 614,956 614.956 9,594 31 31 Total Incom• 624.581 624.581 545.437 Expondltw• Expendrture on charitable ocliwlies Total •xp•ndltUT• 1825.0491 (825,049) 825,049 825.049 ,407 508,407 N•t {oxpendSturnylncom• and not mov•m•nt In fundA 1200.4681 1200,4681 39.030 R•conclll&llon of fund• Total lunds brought forward Total fitnd• caffl•d lorw•rd 454,3 253.862 454.330 253,862 415,300 The slalemonl of financial actpthtlgs indude$ all golns dI0880$ recOlS8d in the year. All income and expendilure derive from o)ntlnuiw les. All movements are in unreslrfcted ftJrKis. Tho nots8 on pag•8 11 to 19form part ofth•8• flnanclal Stalemts.
Pago 9 The Combustion Engineering Association Statement of Financlal Posltlon 31 December 2023 2023 2022 Fix•d as•ts Tangible fixed assets 15 2,500 Curr•nt •M•ts Debtors Cash $t bank and in harKI 121,101 297.491 115,641 387,790 418,592 503.431 Crndltor•: amount• lalllNJ du• wllhln on• y•ar N•t ¢urr•nl MG•t• 17 (169,025) (51.601) 451.830 249,587 25562 T¢)tal a##•ts l••• ¢urr•Tht Il•blltth• 454,330 N•t M••t• 253,862 454,330 Fund¥ of th• charmy Unreslrktsd funds 253.882 253,802 454,330 454.330 Total chw5ty fund• 19 Thg¥e llnanclal stalemenlSre aprrt0d by th8 board oftrustoes w¥J 8uthorfsed for Issue on 8 2024. and are signed on beh8lF of Ihe L)ard by.. 3K+ Mr8 S Kullgowskl Trust68 Th• not•8 on p•g•¥ 11 to 19 fomi p•rt 0fth financial 8tt•mwrt&
Pag• 10 The Combustlon Engineering Association sLement of Cash Flows Yoar ended 31 Decamber 2023 2023 2022 Ca8h flo from ¢p•rntlng actl¥MI Net lexpenditureyin¢ome 1200,468) 39.030 Adjustmerts tr.. Depreall0 of tsngble Itxed a888ts Olher Interest rec8ivabl6 slml8r Income Ace4utd exptns6s1{incom¢) 1.479 1•.5941 97,080 12,3791 120,7561 Changes in.. Trade and other debkns Tr8d8 and other credltors {5,204) 20.345 136,077) 10.620 Ca8h generated from operatws (96.362) 16.3581 Intertst recelved 9,337 187.025) 1,986 14.3721 Not cash used in oper8ling acbwbes Cash flo from Inv•¥tlng •ctlvltl•• Purchase of tsrKJible assets Nel cash used in investing tie5 132741 132741 {9431 19431 N•t d•cr••u Sn $h •nd CA•h •qulv•l•nts Cash and cash •qulval•nt8 at b•glnnlng of y•v Ca•h and cmh •qulval•nts •t •nd of y•ar (90,2991 387,790 15,315} 393.105 297,491 387,790 Th• nofys on pagès 11 to 19 fomi part dth•s• flnanclal stat•ments.
Pag• 11 Th6 Combustion Englneerlng Assoclatlon Notes to the Flnanclal Statements Year ended 31 December 2023 Gon•ral Inforni•tlon The charity is a publK benefft entrty and a registwgd tharity in England antl Wale$ and is unincorporated. The address of the principal offic8 is NETParK Thomas Wright Way, Sedgefield. Co. DLwham, TS21 3FD. Statsmont of compllan These finondol ststemnts twl PTePgTed in c¥Jmplian¢e 4th FRS 102. The Flnanclal Reporting Standard applicthe in the UK and the Republic of IrelaThJ', the Statement of Rgcommended practi applicabl8 to (tharitS prnparing their accounts in acc¥)fdanc8 with the Financial Reporting Stsndard appficoble in Ihe UK Republi¢ of Ireland IFRS 1021 {Ch8ri1Se8 SORP IFRS 102)) and the Charilies Act 2011. A¢¢ountin9 policl B•sl• ol pr•p•r•ilon The financial statements have been prnp8red the hlstorical L¥)81 bosis. The finand81 ststam8nts ar8 preparnd In Stedlng. whlch Is th8 fuKtlonal eurr8ncy of tha antty. Golng conc•rn There are no material uncert8inttg8 abwl the ch8rity's abilty to contlnue. Judg•m•nts and k•y sourcm of ••tlmatlon unc•rt•lrty Tha prOratIon of th8 fin8n¢l•l 8tst¢ments raqr¢S man)g8m8nt to mako JUdgents, estimates •nd assumpth?n$ that affect Ihe amounts reported. These estimates judgements are continually reviewed aNJ are based experience 8nd other focknrs. induding expectsljons of firture 8vents that are tlve¢j lo re8sonable under ts drtyJmslance8. K&ysourc8s of osllmatlon uncert•nty Accounting estimates and assumptions are made conceming th8 fiJtur8 and. by their n8lure, will rarely 4ual the rèlatèd actual te¢)MO. Th8 key assumptions and othèr sources of estimation uncertointy that have a gnIfnt risk of cgusing a material adjustment lo the c8tyn9 amounts of assets ond Ilabililies wrthln the next ffinaal year are as follow?: Depreciation - Management esllmale lh& useful eCOrnm lives of assets and the expected value and depCiatiOn rates are sel accorrlingly. For•lgn curroncies Foreign cuTh8ncy transactions are inifially recorded in the fUtional ¢LKrenty. by apptying the spot exchange rate as at the date of Ihe transaction. Monetary assets and liabilitiès denominated in foreign currencies 8re tr8nslaled at the exch8nge rate ruling ot the rep)rting date. wlh any gains or losses belng taken to the stalemenl of finanu81 actlwl Fund accounting General funds are unreslrlctod fvnds that8 availabte for use at thg discxetion of the tTUStees in fLSrtherance of the genernl 0.1[Ve5 of Ihe thartty and that ha not b8en d&signated for Olher Wfposes.
Pw12 The Combustion Engineering Association Not to the Financlal Statements (Wrfbw Year ended 31 December 2023 Acwuntlng poll¢S•# Incom• l incom is induded in the ststement of financial acb¥ities entitlement has passed to th6 charity, it is y(thble that the econom benefits associoted wth the transaction will fiow to the charity and the amunt can be reliab measu. The fOll1a speufic policlas are applk8d lo partjj1ar calagorles of Incomè.. Income dongllons or gr8nts L8 reccyn18ed en there i¥ gvidwKe of enti0onI lo tha gfft, recolpt Is fvble aNJ ts rnnl ¢an b• mèasured relLgbly. membership and subscription Income Is recogniseil by refwence to thé pemd to which il rela16s. This is usu811y in I6 the accountlng perkMJ. incom6 from chartts6 acllvlll88. suth as conferences. Is recwlsed when invoked and the event owJrs YthIn Ihe peri(vJ. Where invoin are raised for an event after the aunting perlod, the Inu)me wlll be deferred. Intereston funds held on d8pJsil is induded when r1V8b1e ond tho amounlcan b8 measured r*llabty by tha charity: thls 18 nomi81ty upon rtheat of the Interest pwd or p8yabla by the bank. Exp•ndltur• ExFendhure18 recognL8ed on an accruals b8818 as a110ts4ty Is InGurr8d. Expenditure IrKludes any VAT vthich c8nnot be fully recovered, ond Is clasthd undw 901J$ of th9 5ts1emenl offinanryal actiwti¢s lo vknich il relates: experKlitur8 on tharilabb actmtses includes all eosts Incurred by a charity in undert8klng actimlies that further its ch01Fts8 gims for the benefft of its b8nefidades, IncludiThJ those 8UPPOrt costs 8nd costs rel8lirvJ lo Iho g(Nem8n¢e of thè tharity aPptned lo Gharilabl8 acuvltses. other expenditure includes all expendrtwe that Is neith•r related to ralftg fuThJs for the charfty nor p8rt 01 its expenditure M tharitabk aCt[ties. All costs are allocated lo expeThliluTe categories rellecling the use of the resource. Dlrecl costs 8ttributabl8 lo a single activity are alkxated directly lo that acb"VTty. Sh8red costs are appthoned b8knn thé aetiwli8s thoy eontribulo to ¢)n a rèasonable. jugbfiable and consistent basi5. Tanglblo Tangible assets are initially rec(Kd8d otcosL and sUbsUln1lY slat1 aleosl less any 8cwmulaled depffj¢iation anrj impaimient losses. Deprecl•tlon DeprerAalion is c8lculated so as lo write off the cost or v8luotion of an asse( 55 rb residual value, over the usefijl economic life of d)8t asset as fof104VS.' Equipment. fixtures & fitb'rvJs Presldent's Med81 Website 25% straight h.ne Ily depreciated 25% straighl line
Pag• 1 Th• Combustion Engineering Association Notss to the Flnanclal Statements Y•ar •ndod 31 D•C•mr 2023 Aecountlng pollclm Flnanci•l in8tnKMnts A finandal a$s6t or a financval Ilabli ty 1$ fo¢c•JrA88d onty when th8 entity bOrneS a party to the ¢ontractual w0v15n5 oflhg Instrumenl. Basi¢ finarKial Instruments are nalY recognlsed at ihe amount r1vable or pay8ble lrnludlng ary related transactlon costs. uthss arrarrfJement constilutes a finarKing tran$tIOn, where It 1$ reniSed at the present Voluo of tha fure payTnents discnted at a market rale of interest for a slmllar debt Inslrumenl. Current assets and ujrrent liabHltl8s are 5ubsequenty measured at the cash or other (sideratIon expected to be pakl or reC8fv and not dlscounted. D•fin•d contrlbutlon plans Contrlbutlons lo defined corrtributlon plans aw recognlsed as an expen8e In the pwbd In which the related seryke is provided. Prepavj cOntriltI0nS are reo)gnlsed a8 an asset lo the extent that the wep8yment wll fead lo a reductlon in future payments ry a cash relund. T•nnlnatlon b•n•fft¥ Termlnats'on bonefts are recogni8ed a6 an gxpen80 In incom8 or eynditure Immediatety. Termination berrfits are rewnlsed a$ a Ilabillty and expense orty when the MpanY 18 demonstrably committed elther to ternilnate the employment of an employee or group of employees t¢fore the ntyma retlremenl dale or to provide temiination inrIt5 a$ a result of an offer made In order to ¢rAluge volun* r8duThlarKy. D•btov• Trade and other debl(XB are recow11 at the amount due after ary adjustment$ ar6 made for bad debts. Prepayments are Vaed at the amourt wepaKI reference lo the period the Panent relales lo. Cash at bank and In harml Cash at bank and in hand incILeS cash and short Im highty Ihiuhj deposlt accounts. Cr•dltors and provl8lon• Creditor8 and provfjsior are recogni1 whero Charity has a prnsenl oblytlon resuliing from a past event Ihal will probably resull in the transfer of funds lo a Ihird paty the amount due lo settle the otAtgatson can be measured estimat roliabty.
P•90 2 The Combustion Engineering Association Not•s to the Flnanclal Statemonts Year ended 31 December 2023 t>on4tions ind l•gaci•• Urnstricted Total Funds Unrestricted Total Funds Funds Funds 2022 Donatlons 500 Charftsbh actlvltl•• Urneslr#l&J Total Fund• Unréslricted Totd Funds Furm 2023 Fund8 2022 Mèmbern wl)8Grfptlons and contributK*n$ BOAS irK Sèminars. nfw8n3. events and training TPIMCPDI1fjASISB Income BG_ guides irKome 78,540 383,003 76,540 383,003 87,220 314,491 87.220 314,491 9,942 113.714 31.757 $4,125 71,650 15,071 542.557 54,125 71,650 15,071 113,714 31,757 814,956 614.ths 542.557 6. lnV••tm• Incoffl• UrTh8trfcted Total Fund• Unrestrlcled Total Funds Funds 2023 Funds 2022 8a)k interest recepiaL4e 9,594 9,094 2.379 2,379 Oth•r Incom• UrfftStrj Total Fund• Unrestrlctod Tolal Funds Funds 2023 Funds 2022 Other rncome 31 31 Expendhur• on charltabl• actlvlil•8 by fund typ• Urtsstri¢led Totsl Fund$ Unre$lricttid Total Funds Fund¥ 2023 FurKIs 2022 Provision of knchtyledge and nf(Kmation Support costs 835.9)7 189.142 635,907 189.142 489.769 16.638 489,769 16,638 825.049 825.049 506.407 506.407 Induded within eXndItUre on charitable &liviti8s is £101.672 related to legal costs associated with Intern charty mattws and disputes. plus £97.038 of costs irurred in settlement. T trustees are satisfied th8 matter is now coluded ar¥J there will be further asswiated costs.
Page 3 The Combustion Engineering Association Notes to the Financial Statements (conthwo) Year ended 31 December 2023 9. Expendltur• on charltabl• activftl•• by athlty tyP• Activi1105 undertaken Supp(*t Total funds ts)$ts 2023 Total fund 2022 Provlslon of krthvledge aThJ Informatn Governan ¢osls 635.9)7 6,432 182,710 189.142 642,339 182,710 825,049 494.799 11.608 635,907 5C6,407 10. Analy•l# of •upport ¢o•ts of SUPFQrt o)$ts fty ¢harrtable artlvtty T¢)tal 2023 Total 2022 General offlce FInar Costs Govemance ¢081s 3,986 1,946 11,608 16.638 182.710 182,710 189,142 189,142 11. N•t {•xp•ndltur•Vlncom• {expendllureyhKome18 ststed aftor th0rglnW{crltt0ng). 2023 2022 DerKeclation of tanglble fixed assets Forelgn exchange drfferer 1,479 3,205 11631 12. Independent examination fges 2023 2022 Fee5 payable lo the independent examirw lor: Independent examination of the finanrial statements 2,200 1,500
The Combustion Engineering Associatlon Nots$ to the Flnan¢lal Statsmonts Y•ar end 31 December 2023 13. Staff cost• The total staff )sts and employee benefts for Ihe rep)rtwy perw)d are andysed as follows: 2023 2022 Wages and salarl86 Social SeIlty costs Employer contribull0 to pen6ion plarrs 270.624 17.899 3.552 164.275 11.607 3,416 179,298 292.076 Included wllNn staff ¢ts is a onfroff amount of £95.112 related lo temiination payments, wh wera pald after the y¢¥4nd, bul recorded as an exp8rw in these aLt¢unts in accordarw wlth lh6 accthntlng p(Alcy detslled In note 3. with furlher thtail in note 8. average head cwnl of employees during tho year 9 S (2022.. 41. Th8 avorage number of fultIme equlvalent employees during the year15 analysed as followE: 2023 No. 2022 No. Number of staff - admin of staff - managwnent The number ol employees wl¥)8e remunerali(m for the fell within the folkwiin9 bands, wero: 2023 2022 No. No. £70.000 10 £79.999 £120.01)0 10 £129,999 K•y Manag•m•nl Pw•onn•l Key management perSne1 IrKlude al pernons that hav• wthority and regponglbllty for planning, dwecling and ¢OntrdIi the xlivrlies of the charty. The total c0mpgnsol•n paid to key management perSne1 fcK servKes wovbjed to the chwity was £122,979 {2022:£77,0831. 14. Trusteg rernuneratlon and expen8 Durlng the previous year ork trustee, Matthew sfIeld, was paid £3,393 for hls work as a BOAS Assessor. No trustee5 were remunerated in the current year. No expenses were paid.
Pag0 17 The Combustion Engineering Association Notes to the Flnanclal Statements [¢t10) Year ended 31 December 2023 15. Tanglbl• lIx as88ts Fr$s, 'ngs & PresidenY$ office equip Medel Websit8 Tol•l C¢>•t Al 1 Janry 2023 Additions 8.889 3,274 10.291 19,879 3274 23.153 At 31 D•c•mb•r 2023 12.163 10.291 D•weclatlon At 1 January 2023 Charge for Ihe year At 31 D•c•mb•r 2023 6.391 1.479 10.290 17.379 1.479 7.870 10.290 I858 CarrylrvJ amount At 31 D•c•mb•r 2023 4,293 4,295 2,XiO Al 31 Dewnber 2022 18. D•btor• 2022 Trade debtors Prepayrnenls and aGcwe(I rne Other d8bto 112275 7.658 1.170 109.444 5,652 121.101 115,641 17. Cr•dltorn: •mounts fllllng du• thln on• y• 2023 2022 Trade uedilors Accruals and deferred income SoThal security and other taxes Other creditors 15,284 114,852 28,674 10,215 17,773 28,268 3,726 169,025 51,601 18. Pensions and other PoStr•M• b•n•fits D•fin•d contrlbutoon pla The amount recognised in income or expdItre as 8n expense in reLqtson to defined contribulion F4ans was £3.55212022.' £3,416).
Pag• 18 The Combustion Engineering Association Notes to Ihe Flnanclal Statements (¢onth Year onded 31 Docwnbor 2023 19. AnalysS• of ch•rltsbl• fund• Unmtrict•d funds A11 January 2023 At31 Docomber 2023 m8 Expendlture Gerw81 funds 454.330 624.581 (825.049} 253.862 At1 J8wary 2022 A131 December 2022 EXpditU G8nefal lunds 415.3LKI 545.437 (fJ)6.4071 454,330 20. An•ly•h of n•t U8•ts b•twq•n funds Unrestricted Tot•1 Funds Funds 2023 Tangible fixeej os¥¢ts Current as8ets Cre(Itors les8 than 1 year 4,295 4,295 418.592 418,592 (169,0251 1189,025) 253,862 253,862 Unresthcled Totsl Funds Fundg 2022 Tangible fixed assets Current assets Credilor5195s than 1 r N•t aM•ts 2,0 503.431 151.8011 454,330 gJ3.431 {51.PA111 454,330 21. Analysls of Ghangw in n•t debt Al At 1 Jon 2023 Cash flows 31 D•c 2023 C8sh al bank and in hand 387,79) (.299} 297.491 22. R•lat•d partl•8 During the prev#)vg year one Irustee recelved payment for semces and relmburtemenl of expenses. as detail1 in r•Jlè 15. There are no related pty transacti requiring disch)sure in the CulnI year.
Pag• 19 The Combustion Engineering Association Management Infomiation Year ended 31 December 2023 Th• follty•Ang pagm do not forni p•rt of th• Iln•nclal •tatsm•nts.
Pag• 20 The Combustion Engineerlng Assoclatlon Detailed Statement of Flnanclal Actlvttles Year ended 31 December 2023 2022 Incom• and •ndowm•nts Donatlons and l•gaclo• t)onalions Charltabl• actlvllle• Members subscripti5 and Gcntrbutic BOAS incom8 Seminars. cLJnfer6ntes, ovonts and training TPNCPDIl-GASISB irume BG_ guides incne 76,540 383.003 9.912 113.714 31.757 87.220 314,491 54.125 71.650 15.071 614.956 542.557 Inv•8tm•nt InGom• Bank interest recglvable 9.694 2,379 Oth•r In¢om• Other Income 31 Total Incom• 624,581 545,437 ExP•nd11* Exp•ndltur• on chaTit•bl• •ctl¥hl BOAS assessment and corbficalion Somlnors, conf8r8nce8. events and tr8lnkng Wages and sal81i86 Employerfs NIC Penslon costs Certificallon officer Rent Rates and wat Insurance Other motorltravd eosts Lega5 and professKJnal lees Telephone Other olfice costs 08pr8cialion Forfygn exchange gainlbss Subscripbons TPIMCPDII-GASISBWT expenditiwe BG_ guides expenses Interest and tharges 182.969 23.427 270.824 17.899 3,552 30,396 8,960 1240 3,281 830 182,710 23.577 3.875 1.479 157,797 81.085 164.275 11,607 3,416 25,756 9,193 2,202 2,449 1.219 11,608 15,987 4,357 3,204 11631 635 21.767 7,904 2,109 506.407 705 7,733 2,377 825,049 Ti>tal 8xpenditw• 825,049 506,407 Net {•xpgndttur•inCOrn• (200A68) 39.030
Page 21 The Combustlon Engineering Association Notss to the Detailed SLement of Flnanclal Actlvltles Year ended 31 December 2023 2023 2022 Exp•ndlturn an ¢harltabl• •¢tlvltl Provlslon of knowkdg• and Snfom)ailon Actlvltlas undertaken dlrecty BOAS assassment and LrtifKalion expens88 Seminars, conferences. events arKI training Wages and salaries Empjoyerfs NIC Pension c¢)ntribuli( Certification Officer & BOASII4AS Audits 182.969 23.427 270.624 17.899 3,552 30.396 157,797 61.085 164.275 11,607 3,416 25,756 E 11 Rent R81es & water Motor and travel costs Telephone, websits and Inlemel eosts Offlce exp8nso8 Depreciation TPNCPDII-GAS1SB eXpIlle BG_ gulde expen8e8 8.986 9.193 2.202 1,219 15.987 4,357 3204 21.767 7.904 23,577 3,875 1,479 58,340 7,733 835,907 489,769 Support Insurance Fore$n exchange 98irQ1088 Subscriptions Interest gnd ¢harge¥ 3281 2.449 {163} 635 2.109 5,030 705 2,377 6,432 Oov•rnanc• ¢ts Accountsncy fees Legal fees Profe86Sonal fee8 1200 107,672 71838 182.710 1,500 3.625 8,483 11.608 Expondftur• on charttabh actlvltl•8 B25,049 506.407