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2024-12-31-accounts

REGISTERED COMPANY NUMBER: 00969051 (England and Wales)

REGISTERED CHARITY NUMBER: 260666

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE

TESTING LIMITED

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Report of the Trustees 1 to 30
Report of the Independent Auditors 31 to 34
Statement of Financial Activities 35
Statement of Financial Position 36 to 37
Statement of Cash Flows 38
Notes to the Statement of Cash Flows 39
Notes to the Financial Statements 40 to 53
Detailed Statement of Financial Activities 54 to 55

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

BINDT Mission and Mission Scope

This is encapsulated in BINDT's 'charitable objects', which are listed in the BINDT Articles of Association, the principal one of which is:

To promote the advancement of the science and practice of non-destructive testing, condition monitoring, diagnostic engineering and all other associated materials and quality testing disciplines.

What is immediately clear from the mission is that BINDT is relatively unconstrained: the mission goes beyond the engineering discipline of NDT and does not apply only to the UK.

Regarding engineering disciplines, BINDT has taken a position whereat it sees NDT, CM and Structural Health Monitoring (SHM), or perhaps 'Health Monitoring' per se, as three sides of the same thing.

In other words, whereas BINDT aims to provide a 'platform for leadership' and to provide 'education and professional development' products and services to its stakeholders, those stakeholders primarily (but not exclusively) identify themselves with the engineering disciplines of NDT, CM and SHM. Therefore, the term 'NDT' should generally be taken to mean 'NDT, CM, SHM, diagnostic engineering and all other associated materials and quality testing disciplines.

Regarding internationality, at the time of writing, over 50% of BINDT's income is derived from products and services provided overseas, or to people or organisations based overseas, either directly or through BINDT's partners such as Authorised Qualification Bodies (AQBs).

Public benefit

As a UK Registered Charity, BINDT must demonstrably provide a benefit to the public: again, not constrained to UK-based public.

The benefits to the public can be summarised as follows:

Facilitating the education and professional development of people in NDT results in:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

BINDT Propositions and Capabilities

BINDT's 'structure for growth', implemented in 2015, is based around BINDT's 12 propositions and capabilities and is summarised in BINDT's Bye-law No.2. The 12 propositions and capabilities are as follows (noting that the 8 propositions through which products and services are provided to customers are italicised ):

These can be considered to be the 12 things at which BINDT aims to be world class.

Increasingly, BINDT products and services should and will be delivered in bundles. For example, a person undertaking one of the Non-Destructive Testing apprenticeship schemes may engage with all of the following BINDT propositions during the process:

BINDT's Value Proposition

The reasons, based on a survey of members, that people and organisations choose to engage with BINDT can be summarised as follows:

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  - Networking.

  - Professional Indemnity Insurance referral.

  - ▪ Legal helpline.

The above list outlines the value of engaging with BINDT through its Membership proposition, which can be considered a proxy for the value of engaging with any one or combination of BINDT's propositions.

It is perhaps worth articulating the high-level value proposition for any individual or organisation engaging with BINDT in any way. That is:

BINDT's Vision

Broadly, BINDT aspires to:

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

.

The means to these ends include:

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BINDT Structure, Governance and Management

BINDT is structured around its 12 propositions and capabilities, thereby putting the beneficiaries (the public, BINDT Members and other stakeholders) at the heart of the structure.

The secretariat is organised around four operating departments (Publishing, Media & Marketing; Conferences and Events; Certification; Membership and Registration) supported by a number of 'overhead' functions such as accounts, facilities management, quality control, etc. (See Figure 1). It is led by a Chief Executive Officer and a group of senior staff, known collectively as the Staff Executive, who have responsibility for the day-to-day running of the Institute.

Operations and execution of the strategic plan are overseen by committees of volunteers/members.

The Staff Executive and the oversight committees report to a Council of volunteer/member Trustees/Directors. Council has overall responsibility for the governance, leadership and management of the Institute.

BINDT's Council also has a number of additional specific committees that report to it such as the Governance Advisory Committee.

New members of Council (i.e. new trustees) undergo an induction process to brief them on their legal responsibilities, etc.

The Institute is controlled by its governing document, its Articles of Association, and a series of bye-laws. BINDT is a limited company, as well as a UK-registered charity, limited by guarantee as defined by the Companies Act 2006.

Figure 1. The Institute's eight propositions showing committee oversight

More information can be found on BINDT's website at:

http://www.bindt.org/about-us/Institute-Organisation

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Appointment of trustees/directors

Extract from Articles of Association (Rev 10 September 2020)

  1. The Institute may by ordinary resolution:

(1) appoint a person who is willing to be a director; and

(2) determine the rotation in which any additional directors are to retire.

  1. Not less than three calendar months prior to the Annual General Meeting in each year the Institute's Council shall send to each member entitled to vote a list of Directors who are due to retire at the end of the year and who are eligible or ineligible (as the case may be) for re-election together with a list of other members eligible to be appointed a director, if any, nominated by them for election to the Institute's Council (Board of Directors).

  2. After the issue of the Council's list referred to in paragraph 32 and not later than three weeks after such notification, any three members who are entitled to vote at all Ordinary Meetings, Annual General Meetings and Extraordinary General Meetings of the Institute may nominate any other duly qualified person to fill any such vacancy other than that of President, President-Elect, Vice-President, Hon Treasurer or Hon Secretary who shall be nominated by the Council only, by delivering such nomination in writing to the Council together with the written consent of the nominee to accept office if elected.

34.

(1) The directors may appoint a person who is willing to be a director to fill any vacancy arising.

(2) A director appointed by a resolution of the other directors must retire at the next annual general meeting and must not be taken into account in determining the directors who are to retire by rotation.

  1. When a person is elected by a branch of the Institute at the branch AGM to represent that branch on the Council, the elected representative shall, if they are not already a director, automatically be appointed a director of the Institute for the duration of their period of office representing the branch. A director appointed in this way becomes a full voting member of Council. Such representatives are to be elected in accordance with the Institute's Bye-Laws in force from time to time. It is, however, not compulsory for a branch AGM to include the election of a representative to Council.

  2. When a person is elected chair of any one of the 5 committees identified below at 36(i)-(v), the committee chair shall, if they are not already a director, automatically be appointed a director of the Institute for the duration of their chairmanship of the committee. A director appointed in this way becomes a full voting member of Council. Such chairpersons are to be elected by their committee in accordance with the secret ballot method as outlined in the Institute's Bye-Laws in force from time to time.

The selected committees for the purpose of this article 36 are as follows:

i. the Membership, Qualification & Education Committee;

ii. the NDT Technical Committee; iii. the CM Technical Committee; iv. the Certification Management Committee; and

v. the Industry Group Executive Committee.

  1. The appointment of a director, whether by the Institute in general meeting or by the other directors, must not cause the number of directors to exceed any number fixed as the maximum number of directors.

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Arrangements for setting pay and remuneration of key management personnel

Extract from Bye-Law No. 2 (Rev 16 September 2019)

  1. Finance Committee and Establishment Review Panel (ERP)

1.1 The composition of the Finance Committee shall be: President President-Elect Immediate Past-President Honorary Secretary Honorary Treasurer Institute CEO Head of Finance & Planning (non-voting) PA to the CEO (minute secretary - non-voting) Representative from Institute's Accountants (non-voting)

The members of the Finance Committee, excluding the representative from the Institute's Accountant, also form the Establishment Review Panel (ERP) which has responsibility for reviewing and agreeing any and all material changes in:

1.5.1 Staff headcount and/or number of full time equivalents (FTEs)

1.5.2 Staff salaries, bonus payments, pension and other employment benefits

1.5.3 Staff organisation chart

1.5.4 Institute's premises and/or facilities

1.5.5 Insurance cover

1.5.6 Operational matters 1.5.7 Review of partnerships 1.5.8 Other matters as required

Note : In the event where discussions are about the CEO or are in some way materially connected to the CEO, the CEO will leave the meeting until such time as the discussions have been concluded.

The CEO conducts regular performance reviews of the Heads of Departments and senior staff that comprise the Staff Executive:

Head of Events & Awards Head of Finance & Planning Head of Membership & Registration Head of Publishing, Media & Marketing Certification Manager Technical Manager (Senior Technical Engineer)

The reviews are based on an established Performance and Talent Management protocol. The CEO makes salary recommendations to ERP based on the results of these reviews.

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Business Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in-place to provide reasonable assurance against fraud and error.

The trustees have a risk management strategy, which comprises:

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Diversity and Inclusion

The Diversity and Inclusion Advisory Group provides guidance to BINDT Council and other committees on how to fulfil BINDT's commitment under the Royal Academy of Engineering's (RAEng) Engineering Diversity Concordat, to which BINDT is a signatory.

The group has been assisting the Institute in completing the 2025 RAEng Progression Framework assessment. This framework measures BINDT's progress in diversity and inclusion across areas such as governance, membership, awards, outreach and education, comparing BINDT's performance with that of other Professional Engineering Institutions (PEIs) within the industry. The submission deadline is April 2025, after which RAEng will review our assessment alongside those of other PEIs and share their findings with us.

The results of this benchmarking exercise will provide valuable insights into which areas the Institute should prioritise. It will also help refine and advance the Diversity and Inclusion strategy, creating a clear action plan for BINDT to focus on over the next three years. This will aim to further integrate D&I across all areas of the organisation and ensure effective communication with the BINDT community (members, employees and volunteers) and the wider NDT community regarding the steps BINDT is taking to progress D&I within our industry.

This benchmarking exercise was previously carried out in 2017 and 2021, and has proved to be invaluable in identifying areas for improvement and focus.

We will share the findings as soon as they become available.

Planned activities for 2025:

Marketing, PR and Outreach

The marketing team continues to work to promote the Institute, and NDT, CM and SHM in general, in a number of ways. In particular, the team provides appropriate support, and aims to apply consistency of format and message, to all areas of the Institute's business and endeavours to solicit and implement ideas and requirements from the various committees.

A member of the marketing team attends the meetings of all main committees, and those of a number of sub-committees, working groups and advisory groups, to provide marketing support directly, allowing for effective planning and resourcing. Oversight of the marketing strategy and activities undertaken is the responsibility of Council.

Some of the highlights of the year's marketing and PR activities include:

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o 'BINDT appoints Deputy CEO' , published in May 2024

Programmes and relevant information were also shared through the BINDT Events App.

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For 2025, the marketing, PR and outreach team's priorities will be to:

Education, Professional Development, Membership and Engineers/Technicians Registration

The Institute's activities in these important areas are overseen by the Membership, Qualification and Education Committee (MQ&E) and its subsidiaries: the Engineering Council Working Group (ECWG) and the Education and Professional Development Committee (E&PD).

Together, these groups deal with Membership applications, Engineering Council registration and liaison matters, and professional development through CPD, education, and training including apprenticeships, and membership engagement with institute activities.

The variety of membership applications received always stimulates discussion on qualifications and levels of responsibility and equivalence of experience for members joining through the institute through a non-technical route. We aim to bring as many people as possible into full membership in order to build our community with the widest possible representation.

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Due to the nature of MQ&E's activities, it is also important that the committee itself has representation across all levels of career development. Indeed, it is stipulated in our bye-laws that there should be a preponderance of members who are engineering registered, and preferably at each level. To this end, we made particular efforts to bring in committee members at EngTech level during the past year.

To fulfil our remit in upholding professional standards, we also periodically have to deal with breaches of the Institute's codes of conduct, which may result in suspension of membership.

MQ&E meetings are conducted online, which has great benefits in widening participation. BINDT staff provide excellent support to ensure that the meetings go smoothly despite a very full agenda. A proposal was made in 2024 to streamline review of membership applications by using an online form prior to the meetings. Applications are dealt with in an encouraging manner, especially to promote progression from Associate Member to Member, once the criteria are satisfied. Applications are processed promptly according to the quarterly meeting timelines with scope to include applications very recently received to avoid a long delay to the next meeting.

Membership numbers have held steady over the past year. In order to generate an actual increase in membership we recognise that further action is needed. The first step which may contribute to this is the recruitment of the Outreach Coordinator in 2024 with a remit to increase awareness, engagement and membership.

During 2024 we identified certain future areas to address: clarification and possible update on equivalence of qualifications for membership levels, membership benefits. Increasing our membership numbers is a key concern, with a focus on ways to target PCN holders, and (non-paying) Affiliate members. It may also be possible to identify other groups who are working in NDT but are under-represented in BINDT membership.

The E&PD committee has been involved with significant work regarding the review of the L2 NDT Operator, L3 NDT Engineering Technician apprenticeship standards, retitled as Non-Destructive Technologies to better recognise CM and NDT. Robust and extensive negotiations took place in 2024 (now concluded) on the content, structure and duration of these two schemes. BINDT resumed its position as a recognised End Point Assessment Organisation and was contracted by University of Northampton to conduct End Point Assessments for the cohort of L6 NDT Engineer degree apprentices completing in autumn 2024. These end-point assessments were carried out remotely.

The ECWG continues its excellent work in managing the professional engineering registration processes for BINDT members. Professional Review Interviews (PRIs) carried out remotely are now well established. Regular training sessions are held (in person where possible) and the pool of trained assessors continues to grow and become more diverse. Interaction with the Engineering Council is highly positive and our efforts and processes are often commended.

In February 2023 the Engineering Council carried out the five-yearly review of BINDT's registration activities. One non-conformance and several small improvement actions were raised and BINDT's licence was renewed until 2028.

Continuing Professional Development (CPD) activities recorded on BINDT's 'My Continuing Professional Development' facility continues as the core of recording for Engineering Registration applications and Apprenticeship End Point Assessment.

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Certification (NDT and CM)

The Certification Management Committee (CMC) comprises individual volunteers from representative industry sectors and Institute staff members. Its role is to assist the Institute's Certification Services Department (CSD) to ensure the impartiality of its certification activities and to counteract any tendency to allow commercial or other considerations to prevent the consistent provision of certification activities. The CMC conducts its affairs in an open and transparent culture considering certificate holders' perspectives and aims to ensure available certification meets the specific requirements relevant to end-user requirements.

The following summary gives an overview of the achievements made during 2024 set against the work involved:

A slight increase in PCN NDT certificate holders was recorded at the start of 2024: 21,033 (20,659 in 2023) holding 48,029 qualifications: (46,493 in 2023). Accompanying NDT certification, the Condition Monitoring sector saw a slight decrease: 1,102 PCN certificate holders (1391in 2023) possessing 1,239 CM qualifications (1521 in 2023). Certification figures are on a gradual increase overall.

Complementing personal certification, there were 61 organisations holding Approved Training Organisation approval covering both NDT and CM schemes, along with 19 AQB organisations holding Authorised Qualifying Body approval.

In addition, eight organisations were holding BINDT-certified Quality Management System (QMS) compliance, and there were 15 BINDT-approved Inside Agencies or Outside Agencies and 4 BINDT-approved companies under RIS-2701 for the rail industry.

With reference to PCN Aerospace, the UK regulator, the CAA (Civil Aviation Authority) continues to accept the BINDT PCN Aerospace scheme in its current form and as such the scheme continues to be recognised within CAA document CAP747 (Mandatory Requirements for Airworthiness) and Generic Requirement number 23 - Personnel Certification for Non-Destructive Testing of Aircraft, Engines, Components and Materials, for use on all G registered aircraft maintained within the UK. However, the CAA plans to replace GR23 in its current form with a revised format, but as yet the UK Aviation sector has not had sight of the revised format. The UK NANDTB recognises the PCN/AERO scheme as satisfying the qualification requirements of EN4179 for personnel subject to EC regulation 2042/2003.

EASA has not yet indicated that it is willing to accept PCN Aerospace as an alternative, acceptable means of compliance and confirms that NDT carried out within the aerospace sector meets the requirements of EN 4179. This requirement has further been confirmed within the first release of EASA User Guide (UG.CAO.0161-001 Foreign Part-145 approvals - NDT qualification) which has led to the rise of a two-tier requirements system, in that organisations who are outside of the European Union must comply with UG.CAO.0161-001 whilst those within the EU do not. EASA have been approached to provide further guidance on the user guide's intent, and further for recognition of the PCN Aerospace Certification scheme within the document. As yet, no response has been received from BINDT's request for a meeting. The UK NANDT B continue to support PCN Aerospace running in parallel with second-party EN 4179-based certification.

BINDT has petitioned through the harmonisation committee (EN 4179 and NAS 410) to have included within the standard recognition of other acceptable certification schemes, where acceptance is the case, PCN Aero will have to be reviewed within the first half of 2026 to ensure compliance with both BS EN ISO 9712:2022 and EN 4179:2026 this in turn will provide greater acceptance and recognition of PCN Aero.

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Several other issues have materialised since the supposed completion of Brexit. EASA and the EU Forum have confirmed that the UK NANDTB continue to be a member of the EU forum, however, the German CAA at one stage took the decision not to recognise approvals issued by organisations under UK NANDTB oversight. Discussions remain ongoing with the chair of the UK Board, European forum and EASA who confirm that although UK approvals are recognised, Germany may exercise their sovereign right to reject UK approvals, a decision over which EASA has no control. The Certification Services Department (CSD) and Technical & Industrial Department (TID) continues to prioritise the revision of the PCN scheme since the release of ISO 9712:2022. CSD/TID continues to develop the modularisation of method schemes, training and examinations in line with ISO 9712:2022, industry requirement and further the development to the framework structure which includes the Product Technology project; BINDT will be implementing a pre-requisite online course for initial PCN candidates and those who require recertification to ensure they have a sound knowledge and awareness of product technology. This course will complement the main method course and allow ATOs to keep the classroom training hours/days manageable for industry.

CSD/TID plans to hold certification workshops for its network of AQBs, in the UK and overseas to update on the progress of the scheme revision. The PCN24 project release continues with a transition period for AQBs.

PCN on-line examinations continue to be implemented in an ongoing phased approach. The next phase is to roll this out to at least 1 additional UK AQB for NDT and one CM ATO. Functionality of the database has been improved to allow CM exams and NDT examination centres (UK & overseas) to use the online system.

CSD is progressing in streamlining the PCN administration processes with continually developing new IT systems with the full revision of the PCN scheme (in line with ISO 9712:2022), which is now being released to AQBs and stakeholders.

With regard to compliance to UK PESR (Pressure Equipment (Safety) Regulations). Initially, EU individuals had until 31 December 2021, to gain compliance with the UK PESR after which their EU RTPO PED compliant certification would not be accepted for the UK market. Announcements on 1 August 2023 stated that the Government intends to introduce legislation to extend recognition of certain goods that meet EU requirements (including the CE marking), indefinitely, beyond 2024 for many products. When that legislation is passed, certain goods that meet EU requirements will be able to be placed on the GB market.

Along with managing all aspects of accredited certification, the day-to-day activities of developing new certification schemes, internal and external auditing and administration tasks continue along with large projects currently under development, to ensure that NDT & CM certification remain in place and valid. The continuing success of the scheme is a remarkable achievement and true testament to the dedication and professionalism of the CSD/TID teams which, again, is gratefully acknowledged by the CMC members.

CSD objectives for 2025 are to implement significant improvements and compliance of the PCN scheme against ISO 9712:2022, improve training and qualification processes, improve customer satisfaction, internal IT systems and introduce the online Product Technology module, whilst at the same time continue to future-proof certification as per industry requirements and input. The CMC membership will support the CSD/TID in achieving these goals for the benefit of all.

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Technical & Industrial

The Technical and Industrial Department continues to offer technical support and industrial experience to the Certification Department of the Institute in particular and also to the Institute as a whole. It also takes responsibility for the development, periodic review and continued issue of PCN examinations. It engages with industry representatives, Approved Training Organisations and Authorised Qualifying Bodies with regard to numerous certification projects related to the development and review of new and existing training and certification schemes predominantly linked to BS EN ISO 9712, but also linked to non-9712 schemes such as PCN's offering for Weld Inspection, as well as providing its continued support for both CM and SHM certification schemes, projects and events.

Examples of these projects, and of work progressed during 2024 and in some cases continuing through 2025, are as follows:

The technical team continues to support the Institute's industry sector certification working groups, NDT News, third-party publications with relevant articles and continues to attend conferences as required, often presenting at these events both within the UK and often overseas.

NDT Events

In January, the Institute's Conferences and Events team supported the Scottish Branch in hosting a workshop, exhibition and Burns Supper with the theme 'Educating the Future NDT Engineer", hosted in Glasgow at the Lynnhurst hotel.

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Following the success of the 2023 Aerospace Event in Bristol, BINDT's Aerospace Committee and the West of England Branch of BINDT organised the annual Aerospace Event, held in Bristol, on 17-18 April. The event focused on the latest in technology developments in the aerospace sector and the application of inspection technologies, with a focus on artificial intelligence for aerospace, new materials, technologies and processes. A two-day exhibition ran alongside the event, with over 24 exhibitors, showcasing the latest products, innovations and technology available to the industry today. Feedback was very positive in regard to this event. Due to unforeseen circumstances, one of the delegate days had to be postponed. This was rescheduled for October 1 at the BAWA centre and went ahead with focus being on additive manufacturing for the aerospace industry. This was also well attended.

In June, the twentieth international Conference on Condition Monitoring and Asset management was held Oxford over three days. The conference was organised by BINDT in close partnership with the International Society for Condition Monitoring (ISCM) and the US Society for Machinery Failure Prevention Technology (MFPT). This combination of the efforts of these leading organisations created one of the largest events of its kind at a truly international level. A full programme was delivered over the three days with six companies exhibiting alongside the conference.

The 61st BINDT Annual Conference took place in the first week of September, co-locating the NDT 2024 Conference and the Materials Testing exhibition, MT 2024. Over 60 companies exhibited at MT 2024, one of the leading international exhibitions for the NDT, condition monitoring, diagnostic engineering and quality testing industries, enhanced by a programme of talks and seminars covering practical aspects of NDT and related technologies alongside the NDT 2024 Conference. RCNDE staged its third international 'RCNDE Showcase' event at NDT 2024, which comprised of a range of presentations in Session A, running continuously throughout the conference, and presented research from the eight university members, including how the research provides industrial benefits. Videos were made at the conference for use on social media to improve outreach activities.

This was a unique opportunity for industry to learn about the most recent outputs from the research programme and understand the benefits of membership, be it as a Tier 1 end-user industrial member, a Tier 2 member, or an associate member from the NDE supply chain. Aligned examples of ready-to-go technologies were also be demonstrated on the RCNDE stand at the co-located Materials Testing 2024 exhibition.

A full and exciting programme of events is now being planned for 2025, featuring workshops, conferences and exhibitions. This includes an highly anticipated co-location of the NDT 2025 and CM 2025 Conferences in Edinburgh, Scotland, from 9-11 September. Following the success of the 'showcase' day in 2023, celebrating the Institute's anniversary, a showcase day for this event is also planned with a theme of 'Youth and Future Technology', exploring developments and opportunities within the region with the aim to explore cutting-edge technologies and deliver an engaging day for apprentices and young entrants into the NDT sector. Other events include an RCNDE Workshop on 13-14 May in London and 'NDT in Art & Cultural Heritage' Workshop in Antwerp 18-21 May.

Publications

The Institute's NDT and CM publications continued to be received well in 2024, both those delivered electronically and in hard-copy format.

Insight is a technology transfer journal, embracing matter highly relevant to engineers, technicians, academics and scientists and also appealing to practitioners and young graduates alike. It is strategically placed and well supported by researchers and academics with paper submissions holding steady in 2024. The pool of volunteer reviewers grew in 2024 and the Editorial Panel for Insight and its Honorary Technical Editors and reviewers continued to work hard to maintain a high standard of publication. Insight's Editorial Panel now includes the members of the BINDT Technical Committee and of its NDT, CM and SHM Sub-Committees.

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There was an increase in the number of technical papers being submitted to Insight in 2024 compared to 2023. Papers were received from 12 different countries, with China continuing to be the largest source of material submitted and 2024 seeing an increase in the number of submissions from the UK.

The number of online downloads decreased slightly, while member and pay-per-view access to articles and citations all remained steady. Subscription income also held steady in 2024.

NDT News continued to have good advertising support with an increase in recruitment advertising in 2024. The publication maintained its high editorial standards and continues to be the main vehicle for communication with the practitioners of NDT and related disciplines. Regular features are well supported, though fewer Branch meeting reports are being received. The excellent contributions from its regular columnists are appreciated, including the reports from BINDT's Branches. The standards update has been reinstated as a monthly feature, compiled by Joe Heigold.

The BINDT Yearbook is an indispensable reference guide for the industries. In 2024, it was further developed with expanded sections and additional content and it continues to be extremely well received with good feedback and continuing support from both existing and new advertisers.

Condition Monitor is published online and utilises papers from the CM conferences as feature articles, along with industry news, CM paper abstracts and patent information. The publication maintained its high standards in 2024 and continues to be of interest to both the CM and NDT communities.

A series of CM best-practice guides are in preparation and will be made available online, while other CM books are in the process of being reviewed and updated. There have been discussions on potential new books, white papers and the current content/material of existing publications; it is suggested that some new features are required and this will be a subject matter topic to be reviewed for 2025.

Each publication continued to be produced on time and to the highest production standards.

The CM 2024 and NDT 2024 Conferences and Materials Testing Exhibition, along with all other BINDT events, made full use of the BINDT Events app very successfully. For the first time, Proceedings of the annual CM and NDT conferences were made available online, free of charge to BINDT members and on a pay-per-view basis for non-members.

A website upgrade is underway - the design phase has been completed and 2025 will see the necessary templates and components being developed and the new website built and tested prior to launch.

The Publishing, Media and Marketing Department continued to produce numerous other documents, leaflets, brochures and publications in support of all BINDT's propositions and, notably, in support of the promotion of membership, professional engineering registration, NDT apprenticeships and the new PCN24 Scheme.

Condition Monitoring (CM) Events and Publications

The Technical Axis Review: This was completed and bye-law changes ratified at the BINDT AGM in September 2023. The new Technical Axis has had over a year of operation, with a main BINDT Technical Committee and three subcommittees (SC) - the NDT-SC, the CM-SC and the SHM-SC. This new arrangement gives the CM-SC Chair and CM-SC Vice-Chair membership of the BINDT Technical Committee. The chair and vice-chair of the BINDT Technical Committee were taken from the chairs of the subcommittees and will periodically rotate. The Technical Committee Chair and vice-chair are also both appointments to BINDT Council.

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Overview: The CM subcommittee (CM-SC) and working groups continue to have good support from members. CM-SC meetings and events have been well-attended. CM-SC launched a new BINDT PCN CM Certification - General Condition Monitoring. An addition to the current portfolio of BINDT CM PCN qualifications is CM GEN App G. The syllabus is based on ISO 17359: Condition monitoring and diagnostics of machines - General guidelines . This is the umbrella document for all the ISO CM Standards which is now in its 3rd edition. This new PCN certification was developed by a working group under BINDTs CM subcommittee and is now a work item under ISO TC108/SC5: Condition monitoring of machine systems . This will then become Part 10 of the ISO 18436 CM training and certification standards. Amendments are also in progress on the vibration, acoustic emission and ultrasonics parts of ISO 18436, again driven by BINDT CM-SC and WG members to provide more comprehensive syllabus descriptions.

CM Conferences: The successful 20th CM 2024 Conference was held in June 2024 at the historic Milton Hill House Hotel, near Abingdon, Oxfordshire. This was a well-attended event with over 60 delegates, presenters and exhibitors from over 14 countries, with workshops and a range of interesting research and case-history papers being presented. There were two presentation streams and many of these papers may achieve publication in future editions of Insight or will be featured in Condition Monitor - BINDTs international condition monitoring newsletter, both available to all BINDT members. The conference included a very interesting walking tour of Oxford which was well-received by all participants. The Conference Dinner was well attended and CM awards made.

Other CM events through 2024 included the webinars: 'Improving reliability and sustainability through lubricant life extension' in May and 'Improving productivity with lubricant analysis' in November. Both were well-attended on-line.

The hard work of BINDT Staff in organising the conference and events is acknowledged and thanked, and plaudits to the rest of the BINDT staff, volunteers, session chairs, presenters, exhibitors, equipment and service providers and, last but not least, attendees. Planning is underway for next year's CM conference to be co-located with the NDT conference at the EICC Edinburgh, Scotland from 9-11 September 2025.

Meetings : CM-SC has maintained a full schedule of sub-committee and working group meetings. The use of zoom allows members to participate online. It has encouraged better attendance and more frequent and often shorter meetings.

The vibration monitoring, lubrication analysis, thermal imaging, ultrasonic, acoustic emission, general CM and thermography working groups have all been working on their question banks to ensure ISO alignment of the BINDT PCN courses and assist the move to on-line examinations. Online examinations are welcomed by the working groups and is seen as a very positive move; most would also like on-line training as an option, to enable PCN to compete with other popular training and qualification schemes, particularly in VA, IRT and LA.

CM-SC removed the mandatory 10-year examination requirement for recertification, and a revision to the CP16CM ANNEX B CM PCN Recertification Table is underway to allow all CM certificate holders at all category levels the opportunity of recertifying via qualifying training, experience and CPD points. This will simplify the process and encourage retention of CM certificate holders.

CM working group statuses in brief are as follows:

EL - Best Practice Guides for Electrical CM have been developed. Three are close to publication.

LA - Focusing on ways to improve participation in conference/workshops. Plans are underway for more webinars in 2025.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

VA - Updating Cat 3 question bank, incorporating feedback from examinations. A revision of ISO 18436-2 is underway, project-managed by the CM-SC chair.

IRT - The BINDT IRT Handbooks are being reviewed and updated by group members.

AE - The proposal for BSI/ISO review of ISO 18436-6 to expand syllabus details is complete. CMSC re-grandfathered Dr T Holroyd to support the PCN scheme.

US - ISO 18436-8 is being amended to incorporate BINDT proposals through BSI to expand the syllabus detail and adjust timings. An amendment to ISO 29821 is also in progress.

GEN - BINDT PCN CM Gen Scheme (CM GEN App G) has been completed. The ISO draft is progressing well, project managed by the BINDT CM GEN WG chair. BINDT has already set up the BINDT PCN CM General scheme and grandfathered experts.

NDE 4.0 - CMSC & CM WG members participate in BINDT's NDE 4.0 WG. CM members can advise how CM has solved problems and may inspire similar solutions from the NDT and SHM communities and vice versa. NDE 4.0 technologies for CM are already covered within several CM ISO Standards.

CM Publications:

Condition Monitor: Condition Monitor has been issued on-line since 2019 and still maintains high-quality papers and articles. It is a credit to BINDT and is available and of interest to all members of both CM and NDT. Selected CM conference papers are also published in Condition Monitor. The 2-column format also allows printed copies easily to be made available for Conferences/Workshops.

Insight: The journal continues to run CM technical papers and periodically has dedicated CM editions. The chair of the CMSC (and vice chair of the Technical Committee) wrote the Comment Leader for a CM focused edition of Insight in 2024. The Insight Editorial Panel now includes the membership of the BINDT Technical Committee and the memberships of the NDT, CM and SHM subcommittees. The CMSC thanks and acknowledges the support from BINDT publications, the TC, SC and WG membership, in providing and refereeing these papers.

CM Handbooks: The CM Handbook is selling well and sales have increased from 96 in 2023 to 105 in 2024. The CM Series IRT Parts 1 & 2 dropped from 93 in 2023 to 21 in 2024 and are undergoing revision. The VM Handbook now only sells in small numbers and is due for revision.

Apprenticeships: BINDT's Education and Professional Development Committee (EPD), which includes CMSC members, has been working together with the Institute for Apprenticeships and Technical Education (IfATE) to review the current three NDT apprenticeships and to include CM within their syllabuses. The term NDT becomes Non-Destructive Technologies and the Level 3 (NDT Technician) standard is close to completion of review. The Level 6 NDT Engineer Standard was originally developed to include the NDT degree programme at Northampton University, which already included a substantial amount of CM. Further development of the apprenticeship NDT scheme is on-going.

Awards and Recognition

It is very important to BINDT to recognise the contribution of those working in NDT, condition monitoring and its associated science and technologies. Under the guidance of the Croxson committee, a comprehensive reward and recognition structure has been put in place over the years, resulting in the awards listed in the table below. The updates for 2024 are as follows.

BINDT held its awards ceremony at the annual NDT conference. The ceremony was well attended and received.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Simon Mills was awarded the Lifetime Achievement Award for his continued contribution to BINDT.

In total 35 awards were presented at the 2024 conference.

During 2024, new awards were created and were presented at the 2024 conference. These new awards aimed at encouraging diversity are highlighted in the table below with an *.

More new awards will be created in 2025.

Award Purpose
Lifetime Achievement Award To recognise the valuable and extensive contribution to the
British Institute of NDT and the wider NDT/CM/SHM community
by an individual who has spent most of his/her career in
NDT/CM/SHM and who has been an active member of the
Institute for an extensive period of time.
Personal Contribution Award To recognise a valuable and extensive personal contribution to
the British Institute of NDT and the wider NDT/CM/SHM
community by an individual who has been an active member of
the Institute for an extensive period of time, in which they have
contributed and influenced the wellbeing of the Institute.
The Roy Sharpe Prize For a significant contribution through research and development
in any branch of NDT to the benefit of industry or society.
The Anne Birt Award For a significant contribution to technology innovation,
technology transfer or technology strategy in the field of NDT.
The Nemet Award For an outstanding contribution to the practice of NDT (by an
individual).
The Hugh MacColl Award For a distinguished contribution by an individual to the teaching
or training of NDT/CM or SHM. Nomination required. This should
show the contribution to the teaching or training of NDT/ CM or
SHM.
Aerospace Award To recognise significant contributions to the NDT/CM/SHM
community within the aerospace sector.
The John Grimwade Medal For the best paper published in BINDT’s NDT Journal ‘_Insight’_in
the preceding year.
The Ron Halmshaw Award For the best paper on radiography published in Insight in the
preceding year.
The BINDT Annual NDT Conference
Paper Award		 An informal award presented at the end of the NDT Annual
Conference for the best paper published in the conference
Proceedings.
The William Gardner Award For the best paper in the Proceedings of the NDT Annual
Conference by a student or person in the early stages (first five
years)of their career.

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Practitioner Award To recognise outstanding achievement in the learning, sharing or
execution of NDT/CM/SHMpractice bya BINDT member.
The Tony Lager Award For meritorious service to an Institute Branch by an individual.
Branch Service Award For an outstanding contribution to Branches.
The T H Cole Award For the Institute Branch with the best percentage increase in
membership during the preceding year.
The Jim Cottier Travel Scholarship To aid the professional development of a young BINDT member
by attending an overseas conference.
Annual NDT Conference Travel and
Attendance Award / Annual CM
Conference Travel and Attendance
Award
(One per conference)		 To encourage attendance at the BINDT Annual Conferences by
contributors from overseas nations.
The COMADIT Prize For a significant contribution through research and development
in any branch of condition monitoring to the benefit of industry or
society.
CM Innovation Award For a significant contribution to technology innovation,
technology transfer or technology strategy in the field of CM.
The Len Gelman Award For the best paper in the Proceedings of the CM Annual
Conference by a student or person in the early stages (first five
years) of their career.
The Roger Lyon Apprentice of the Year
Award		 In recognition of the outstanding achievement of a NDT
Apprentice who has successfully completed their end-point
assessment through BINDT.
NDT Operator of the Year Framed certificate, £100 cash
NDT Engineer Technician of the Year Framed certificate, £100 cash
NDT Engineer of the Year Framed certificate, £100 cash
The Gail Long Early Career Women
Engineer of the Year		 To recognise the contribution to NDT/CM or the wider
engineering community of women in their early career.
*Special Contribution Award To recognise a significant personal contribution to the British
Institute of NDT or the wider NDT/CM/SHM community, but
should not reflect a contribution that benefits an individual
business or academic institution.

IT developments

BINDT's IT strategy is based on the fundamental premise of alignment of IT capability with business requirements, thus ensuring that the investment in IT creates maximum value.

The IT plan continues to be developed and enhanced as the development progresses. The overall objective is to enhance productivity and provide tools that will allow staff to work more efficiently while also providing the required data for Customer Relationship Management (CRM) and useful Management Information (MI).

During 2024, progress was steady in developing the plan to develop the processes involving the transactions that take place between the certification services and accounts departments, with the aim of streamlining these processes, reducing paper and increasing efficiencies. The Application Management System was developed, trialled and further enhanced through 2024.

2024 also saw a number of required enhancements to both the PCN and membership databases.

Website

In order to maintain its position as a high-performing organisation, BINDT recognises the need to continually improve its website and digital platforms.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Our Digital Services Coordinator, recruited in 2023, provides technical support for BINDT's digital services, including apps and other online resources, as well as the website development project, aimed at not only modernising the look and feel of the website but also adding new functionality to enrich and enhance the user experience and provide help with members' career development.

In 2024 work began on refining the new website design, and work was started in parallel to begin upgrading the current web platform. By the end of 2024 the design phase was nearing completion and the end result will be a new modern design that will be a significant improvement on the current website. A good deal of work is still to be done, including the significant task of working through the existing website content, restructuring it to better fit the more modern design, and the development of existing and new functionality using components that the updated web platform offers.

By the end of 2024, users had uploaded more than 7000 entries to the online CPD resource, and the growing popularity of the tool demonstrates its appeal to members.

The Institute continues to devise plans to provide online professional development tools for managing a user's Initial Professional Development (IPD), Continuing Professional Development (CPD) and professional registration application; and to provide guidance and support to enable members to undertake planned and structured IPD and CPD, and to give certificate holders a resource to assist with certification application and renewal.

Establishment

The 'establishment' is the term used to describe three important aspects of the Institute: the premises from which it operates, the facilities it uses in order to carry out its business and, perhaps most importantly, the people it employs.

All matters pertaining to the establishment, including material changes to the staff costs (headcount, pay increases, bonus payments, etc.) are governed by a committee called the Establishment Review Panel, which comprises the Institute's Senior Officers (President, President-Elect, Immediate Past President, Honorary Secretary and Honorary Treasurer).

During 2024 some minor improvements were made to Midsummer House and a further investment was made in the lift controls to ensure safety, reliability and conformity.

Financial

Some observance of the continuing background of uncertainty caused by Brexit and ongoing business change following from the Covid-19 pandemic meant that the expectations for 2024 were difficult to assess. Again, for this year, the only sensible thing to do was to be prudent in our budgeting.

A budget was set for 2024 which was balanced in terms of revenue and cost control given the above industry context. Within this budget, however, was the spend associated with the 'designated funds' investment in Strategic Key Objectives as decided by Council.

Following a successful 2024, an overbudget excess was generated. Continued inclusion in the budget was an amount of money called 'Designated Funds'. This has allowed the planning of longer-term investments, in line with the Institute's strategic objectives, of 2 to 3 years' duration, knowing the funds for the completion of ongoing projects was on hand. As such work began on a very significant long-term project of upgrading the BINDT website as well as other needed projects. As previously reported in 2023, these extra funds also allowed for a planned increase of the reserves policy level over the next few years.

The Business Model Advisory group, BMAG, continued to review quarterly outcomes and map these onto a developed business model/forecasting tool. This enabled the group to review best, worst and likely case scenarios, which were shared with Council at strategy related meetings. This financial background was then reflected on the actions agreed as a mission-focused social enterprise and not a commercial undertaking. The

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

previously instigated contingency plan has been updated to deal with any future sharp decline in business volume (i.e. revenue) or any unexpected but significant and necessary expenditure.

Overall, despite the significant challenges in recent years, BINDT formally continues very much to be deemed to be a going concern and the long-term financial and strategic health of the Institute is very good.

Reserves Policy

The reserves policy, and the reserves themselves, exist to support BINDT's mission as defined at the beginning of this report. Therefore, it is the policy of BINDT not to accumulate large amounts of reserves that are not supporting that mission.

At the time of writing, the BINDT reserves policy is defined by 'Action Trigger Levels' and 'Action Awareness Bands' which relate specifically to the level of liquid reserves, which is tracked and forecast by BINDT's Finance Committee on a quarterly basis.

Following review by BMAG, the bands/trigger have increased, with new levels as follows:

The rationale for the upper and lower trigger levels is as follows:

The lower trigger level is set at £750k since, at the time of writing, that sum corresponds approximately to the fixed/residual cost of running the Institute for 6 months (including paying staff salaries) if there was no income whatsoever.

The upper trigger level is set at £1m since, at the time of writing, the historical fluctuation in the current account balance demonstrates that the absolute worst case is £300k. Therefore, having an Action Trigger Level bandwidth of £300k should avoid the situation where liquid reserves peak above the upper and dip below the lower trigger levels due to normal fluctuations.

The Action Awareness Bands simply split this bandwidth in half, which is logical.

It should be borne in mind that BINDT has significant fixed assets in addition to its liquid reserves.

Investment objectives and performance

Objectives

The wealth planning objectives for BINDT are:

Risk Profile

BINDT's risk profiling assessment identifies BINDT's natural tolerance to risk as Balanced. The assessment is not intended to lead to a definitive outcome, but rather to provide a useful starting point on which further discussions can be based.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

When recommending a suitable risk category, in addition to natural preference for risk, we have also considered the following:

Capacity for Loss

The largest likely decline identified in the expected returns table is within acceptable parameters in terms of capacity for loss for the following reasons:

Tolerance for Loss

Having assessed the expected returns and losses, it has been agreed that, as a Balanced investor, BINDT has a tolerance for loss of up to 12.00% over an annual period.

Risk

It has been identified that, whilst returns can never be guaranteed, the expected returns of the recommended Balanced strategy should meet the set objectives. As such, a Balanced risk profile continues to remain suitable and in best interests of the Charity in order to help meet objectives.

Knowledge and Experience

BINDT has a strong knowledge and understanding of the principles of investing. It also has strong experience of investments and the associated fluctuations in value.

This can be evidenced with reference to BINDT's 25-year-plus investment history, investing in managed funds and other collective investments.

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

NDT Leadership Forum

Following the 2021 appointment of Mark Dowell as the founding Chair of the NDT Leadership Forum but delayed slightly due to the Covid-19 pandemic, the creation of the executive group was completed. With the selection of key players from the various industry types in place, the executive meetings continued through 2023.

Sufficiently briefed deputies were established for executive members and chairs/deputy chairs of most working groups.

The objectives of the executive were confirmed as:

NDT Leadership Forum Theme Working Groups and associated Mission.

Theme Mission
Landscaping To summarise and communicate wider NDT landscape to
government & communities beyond NDT.
Engineering To meet both present and future needs of end users of NDT.
People To ensure and promote competency and appropriateness of NDT
personnel for future industry.
Requirements To capture and publish specific requirements for sectors or materials.
Research To identify and tackle gaps and barriers in the research funnel.
Technology transfer To identify and tackle barriers to technology transfer.

For each of these Theme areas, some specific and clearly defined tasks and outputs were highlighted and completed to ensure that all stakeholders fully understand the route by which those objectives will be achieved. These are:

Scope Example activities (to help define scope) Strategic goals (top-down) Outputs Lead organisation(s) (route for communication) Chair Vice Chair Members

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Good progress was made and we are particularly happy with the wide variety of industry groupings attracted to contribute. These include user industry sectors as well as R&D, PEIs, Regulators and the NDT industry.

At the end of 2023 it was agreed by council to provide a budget for 2024 for setup costs and establishment to ensure that the functioning of the NDT Leadership Forum was in line with BINDT norms and would continue in event of any changes such as personnel etc. Progress on this is reported to Council. This has proved a slower than anticipated process as the people that provide the optimum level of input to the working groups are generally very busy and in demand. Therefore, this process continues into 2025.

Summary of the year just ended

Following a successful 2023, BINDT entered 2024 on a strong footing, enabling it to continue the work commenced in 2023 to implement sorely needed development projects. The strategic key objectives devised by committees and staff through the Strategy Retreat and Strategic Action Plans remained in place for 2024:

A full and exciting programme of events was planned for 2024, featuring workshops, conferences and exhibitions, starting with a Workshop on 'Educating the Future NDT Engineer', hosted in Glasgow in January, a Lubrication Analysis Webinar (May), the annual Condition Monitoring Conference in June, and ending with the successful NDT 2024 Conference and Materials Testing Exhibition in September.

Some of the highlights of the year's marketing and PR activities include:

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

BINDT continued to expand activities to promote diversity, inclusion and equality within the Institute staff, membership and engineering in general.

Outlook for the year just started

Following another successful financial outcome for the year 2024, BINDT finds itself in a good position to continue to invest in some sorely needed activities and development projects. The strategic key objectives developed by committees and staff through the Strategy Retreat and Strategic Action Plans for 2025 are as follows:

A full and exciting programme of events is now being planned for 2025, featuring workshops, conferences and exhibitions. This includes an highly anticipated co-location of the NDT 2025 and CM 2025 Conferences in Edinburgh, Scotland, from 9-11 September. Following the success of the 'showcase' day in 2023, celebrating the Institute's anniversary, a showcase day for this event is also planned with a theme of 'Youth and Future Technology', exploring developments and opportunities within the region with the aim to explore cutting-edge technologies and deliver an engaging day for apprentices and young entrants into the NDT sector. Other events include an RCNDE Workshop on 13-14 May in London and 'NDT in Art & Cultural Heritage' Workshop in Antwerp 18-21 May.

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

For 2025, the marketing, PR and outreach team's priorities will be to:

BINDT continues to expand activities to promote diversity, inclusion and equality within the Institute staff, membership and engineering in general. The Diversity and Inclusion Advisory Group's planned activities for 2025 include:

Lastly, the resilience and productivity of all BINDT employees during the year under review are acknowledged with thanks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 00969051 (England and Wales)

Registered Charity number

260666

Registered office

Midsummer House Riverside Way Bedford Road Northampton Northamptonshire NN1 5NX

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees

The Trustees at the date of approval of the Report of the Trustees were as follows:-

S Baldwin, M Beecroft (Vice President), T Bertenshaw, M Clapham (President Elect), I Cooper (Past President), S Cunningham (Vice President), R Day, C Douglas, M Dowell (Honorary Treasurer), G Elliot, J M Farley, C Forrester, J Hansen (Honorary Secretary), F Hardie, A Hope, K Kirk, M Lugg, T O'Hare (Vice President), S Mills, K Pickup, D Pilarta, A Schofield, M Sim, M Smith (Vice President), J Taylor (President), A Ward, J M Watson, R Watson.

The following Trustees were elected after the year end:-

G Elliott, J M Watson

The following Trustees resigned during the year:-

I Baillie, B Ravenshear, D Wylie

The following Trustee resigned after the year end:-

M J F Knowles

Auditors

Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ

Bankers

Lloyds Bank 2 George Row Northampton Northamptonshire NN1 1DJ

Solicitors

Howes Percival Nene House 4 Rushmills Northampton NN4 7YB

Investment Advisers

Succession Advisory Services Mitchell Court Castle Mound Way Rugby CV23 0UY

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

REFERENCE AND ADMINISTRATIVE DETAILS Chief Executive Officer

D J Gilbert

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The British Institute of Non-Destructive Testing Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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 that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

In so far as the trustees are aware:

AUDITORS

The auditors, Shaw Gibbs (Audit) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ......06 June 2025....................................... and signed on its behalf by:

.................................................................... J Hansen - Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

Opinion

We have audited the financial statements of The British Institute of Non-Destructive Testing Limited (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 22 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, United Kingdom Generally Accepted Accounting Practice and relevant Taxation legislation.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and the understatement of revenue. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing meeting minutes, regulatory correspondence and professional fees, detailed substantive testing on the completeness of income, and reviewing accounting estimates for biases.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ Date: 16 June 2025

Page 34

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
3
Membership and registration
Certification
Publishing and marketing
Conferences and events
Investment income
2
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Membership and registration
Certification
Publishing and marketing
Conferences and events
European & international affairs
General overheads
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
265,363
3,301,525
110,355
314,091
81,989
4,073,323
8,546
220,487
2,502,664
704,417
399,751
57,895
-
3,893,760
61,749
241,312
31
241,343
4,052,445
4,293,788		 Restricted
funds
£
-
-
-
-
-
-
-
1,460
-
-
-
-
-
1,460
-
(1,460)
(31)
(1,491)
5,524
4,033		 2024
Total
funds
£
265,363
3,301,525
110,355
314,091
81,989
4,073,323
8,546
221,947
2,502,664
704,417
399,751
57,895
-
3,895,220
61,749
239,852
-
239,852
4,057,969
4,297,821		 2023
Total
funds
£
266,149
3,022,553
98,191
152,991
60,143
3,600,027
7,775
197,661
2,137,069
584,330
216,150
60,789
-
3,203,774
50,473
446,726
-
446,726
3,611,243
4,057,969

The notes form part of these financial statements

Page 35

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024

Notes
FIXED ASSETS
Intangible assets
11
Tangible assets
12
Investments
13
CURRENT ASSETS
Stocks
14
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
68,593
1,580,791
658,512
2,307,896
49,308
848,382
1,620,099
2,517,789
(531,897)
1,985,892
4,293,788
4,293,788		 Restricted
funds
£
-
-
-
-
-
-
4,033
4,033
-
4,033
4,033
4,033		 2024
Total
funds
£
68,593
1,580,791
658,512
2,307,896
49,308
848,382
1,624,132
2,521,822
(531,897)
1,989,925
4,297,821
4,297,821
4,293,788
4,033
4,297,821		 2023
Total
funds
£
-
1,627,445
605,304
2,232,749
55,429
768,740
1,546,342
2,370,511
(545,291)
1,825,220
4,057,969
4,057,969
4,052,445
5,524
4,057,969

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 36

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

STATEMENT OF FINANCIAL POSITION - continued 31 DECEMBER 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ..........06 June 2025................................... and were signed on its behalf by:

............................................. J Taylor - Trustee

............................................. M Dowell - Trustee

The notes form part of these financial statements

Page 37

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of intangible fixed assets
Purchase of tangible fixed assets
Sale of fixed asset investments
Interest received
Net cash used in investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2024
£
177,543
177,543
(78,340)
(52,323)
8,541
22,369
(99,753)
77,790
1,546,342
1,624,132		 2023
£
454,952
454,952
-
(68,794)
7,772
2,181
(58,841)
396,111
1,150,231
1,546,342

The notes form part of these financial statements

Page 38

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

1.
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
£
Net income for the reporting period (as per the Statement of
Financial Activities)
239,852
Adjustments for:
Depreciation charges
108,724
Gain on investments
(61,749)
Interest received
(22,369)
Decrease/(increase) in stocks
6,121
Increase in debtors
(79,642)
(Decrease)/increase in creditors
(13,394)
Net cash provided by operations
177,543		 2023
£
446,726
82,992
(50,473)
(2,181)
(6,765)
(99,523)
84,176
454,952

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Total		 At 1/1/24
£
1,546,342
1,546,342
1,546,342		 Cash flow
£
77,790
77,790
77,790		 At 31/12/24
£
1,624,132
1,624,132
1,624,132

The notes form part of these financial statements

Page 39

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The trustees have considered a period of 12 months from the date of approval of these financial statements and have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

The presentation currency of the financial statements is the Pound Sterling (£).

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration on each activity is apportioned on the basis of the proportion of income generated by each activity.

Computer software

Computer software is initially measured at cost. After initial recognition it is subsequently measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software will be amortised evenly over its estimated useful life of 3 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued Tangible fixed assets Freehold property - 10% on cost and 2% on cost Presidents chains of office - not provided Equipment - 33% on cost Fixtures and fittings - 20% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Funds held by the charity are either :-

Unrestricted funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs

The charity makes contributions for eligible employees under a Group Personal Pension plan. Contributions payable are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Investments

UK quoted investments are included within the accounts at market value. Unquoted investments are included at cost.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. INVESTMENT INCOME

Rental income
Interest receivable		 2024
£
59,620
22,369
81,989		 2023
£
57,962
2,181
60,143

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continued...

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

3. INCOME FROM CHARITABLE ACTIVITIES

Activity
Subscriptions
Membership and registration
End-Point Assessment
Membership and registration
Other income
Certification
Certification activities
Certification
Journal advertising income Publishing and marketing
Publications advertising
income
Publishing and marketing
Sale of books and insignia Publishing and marketing
Journal subscriptions
Publishing and marketing
Condition monitor
Publishing and marketing
Conference and seminar
receipts
Conferences and events
Branch income
Conferences and events		 2024
£
251,389
13,974
7,489
3,294,036
37,058
43,919
20,280
9,098
-
295,973
18,118
3,991,334		 2023
£
233,722
32,427
2,484
3,020,069
33,006
36,120
19,811
9,097
157
137,920
15,071
3,539,884

4. RAISING FUNDS

Investment management costs

Investment management costs

2024 2023
£ £
8,546 7,775

5. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Membership and registration
Certification
Publishing and marketing
Conferences and events
European & international affairs		 Direct
Costs
£
184,633
2,053,311
689,747
360,548
57,895
3,346,134		 Support
costs (see
note 6)
£
37,314
449,353
14,670
39,203
-
540,540		 Totals
£
221,947
2,502,664
704,417
399,751
57,895
3,886,674

Direct costs include admin and project staff costs which have been allocated to activity on the basis of the proportion of income generated by each activity.

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

6. SUPPORT COSTS

SUPPORT COSTS
Management
£
Membership and registration
33,227
Certification
401,486
Publishing and marketing
12,919
Conferences and events
34,534
482,166		 Governance
Finance
costs
£
£
2,759
1,328
32,313
15,554
1,182
569
3,152
1,517
39,406
18,968		 Totals
£
37,314
449,353
14,670
39,203
540,540

Support costs (including project expenditure) are allocated to activity on the basis of the proportion of income generated by each activity.

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£ £
Auditors' remuneration 8,475 6,816
Auditors' remuneration for non audit work 10,493 12,248
Depreciation - owned assets 94,449 82,992
Website amortisation 14,275 -

8. TRUSTEES' REMUNERATION AND BENEFITS

Members of Council are not remunerated.

Trustees' expenses

Eight trustees (2023: five) received expenses to the value of £24,988 (2023: £19,884).

Three trustees (2023: one) received consultancy income of £9,781 (2023: £3,827) in respect of the Certification department operations review.

In addition, one trustee received end point assessment income of £3,512, one trustee received an award of £1,000 and two trustees received royalties of £439.

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2024
£
1,588,324
166,117
131,407
1,885,848		 2023
£
1,296,199
130,466
107,303
1,533,968

During the year, employees also received healthcare and insurance benefits with a cash equivalent value of £62,196 (2023: £42,224).

The average monthly number of employees during the year was as follows:

Secretarial and management

2024 2023 42 3

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000
£70,001 - £80,000
£90,001 - £100,000
£100,001 - £110,000		 2024
4
1
-
1
6		 2023
1
-
1
-
2

During the year severance payments totalling £17,500 were made. Payments were made during the period to which they relate, through the standard payroll remittance process.

KEY MANAGEMENT REMUNERATION

Key management are considered to be the Chief Executive Officer, Deputy Chief Executive Officer and Staff Executive.

Total key management remuneration during the year was £526,499 (2023: £490,660).

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Membership and registration
266,149
Certification
3,022,553
Publishing and marketing
98,191
Conferences and events
152,991
Investment income
60,143
Total
3,600,027
EXPENDITURE ON
Raising funds
7,774
Charitable activities
Membership and registration
195,517
Certification
2,137,069
Publishing and marketing
584,330
Conferences and events
216,150
European & international affairs
60,789
General overheads
-
Total
3,201,629
Net gains on investments
50,473
NET INCOME/(EXPENDITURE)
448,871
RECONCILIATION OF FUNDS
Total funds brought forward
3,603,574
TOTAL FUNDS CARRIED FORWARD
4,052,445		 Restricted
funds
£
-
-
-
-
-
-
1
2,144
-
-
-
-
-
2,145
-
(2,145)
7,669
5,524		 Total
funds
£
266,149
3,022,553
98,191
152,991
60,143
3,600,027
7,775
197,661
2,137,069
584,330
216,150
60,789
-
3,203,774
50,473
446,726
3,611,243
4,057,969

Page 46

continued...

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

11. INTANGIBLE FIXED ASSETS

INTANGIBLE FIXED ASSETS
Website
£
COST
Additions 78,340
Reclassification/transfer 92,250
At 31 December 2024 170,590
AMORTISATION
Charge for year 14,275
Reclassification/transfer 87,722
At 31 December 2024 101,997
NET BOOK VALUE
At 31 December 2024 68,593
At 31 December 2023 -

12. TANGIBLE FIXED ASSETS

COST
At 1 January 2024
Additions
Reclassification
At 31 December 2024
DEPRECIATION
At 1 January 2024
Charge for year
Reclassification/transfer
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Freehold
property
£
1,966,482
38,602
-
2,005,084
423,088
57,758
-
480,846
1,524,238
1,543,394		 Presidents
chains of
office
£
1,547
-
-
1,547
-
-
-
-
1,547
1,547		 Equipment
£
618,935
10,937
(92,250)
537,622
554,185
31,976
(87,722)
498,439
39,183
64,750		 Fixtures
and
fittings
£
114,706
2,784
-
117,490
96,952
4,715
-
101,667
15,823
17,754		 Totals
£
2,701,670
52,323
(92,250)
2,661,743
1,074,225
94,449
(87,722)
1,080,952
1,580,791
1,627,445

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continued...

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

13. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 January 2024
Disposals
Revaluations
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
Analysis of investments between funds
UK equities
Non-UK equities
Shares in group undertakings		 Movement
in market
value of
UK
quoted
investments
£
605,304
(8,541)
61,749
658,512
658,512
605,304
Unrestricted fund
£
658,510
-
2
658,512

Shares in group undertakings

The Institute is the beneficial owner of all the issued share capital of Personnel Certification in Non-Destructive Testing Limited (PCN Limited) a company registered in England and Wales. The company did not trade during the year and has no assets or liabilities.

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continued...

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

14.
STOCKS
Finished goods
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Bad debt provision
Other debtors
Prepayments and accrued income
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals
Deferred income
Deferred income
Balance at
1 January 2024
Released
£
£
Subscriptions
102,894
(102,894)
Conferences and Events
72,446
(72,446)
Audits
12,018
(12,018)
Total
187,358
(187,358)		 2024
2023
£
£
49,308
55,429
2024
2023
£
£
484,552
429,709
(5,000)
(5,000)
-
1,531
368,830
342,500
848,382
768,740
2024
2023
£
£
188,054
162,128
59,171
51,251
56,175
63,760
23,813
23,732
64,571
57,062
140,113
187,358
531,897
545,291
Balance at 31
Deferred
December 2024
£
£
109,604
109,604
11,645
11,645
18,864
18,864
140,113
140,113

The deferred income represents subscriptions, conferences and events, and audits relating to the year ended 31 December 2025.

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

17. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year 2024
£
-		 2023
£
10,000

OPERATING LEASES - LESSOR

Minimum lease receipts under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
Total
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Contingency fund
Future projects fund
Property and other fixed assets fund
Restricted funds
Croxson Memorial Fund
BNC for NDT Fund
Halmshaw Award Fund
The Nemet Award
TOTAL FUNDS		 At 1/1/24
£
531,001
850,000
1,044,000
1,627,444
4,052,445
2,060
31
2,129
1,304
5,524
4,057,969		 Net
movement
in funds
£
555,889
-
(205,853)
(108,724)
241,312
-
-
(730)
(730)
(1,460)
239,852		 2024
£
39,167
-
39,167
Transfers
between
funds
£
(497,486)
50,000
316,853
130,664
31
-
(31)
-
-
(31)
-		 2023
£
39,167
-
39,167
At
31/12/24
£
589,404
900,000
1,155,000
1,649,384
4,293,788
2,060
-
1,399
574
4,033
4,297,821

18. MOVEMENT IN FUNDS

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THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Future projects fund
Property and other fixed assets fund
Restricted funds
Halmshaw Award Fund
The Nemet Award
TOTAL FUNDS		 Incoming
resources
£
4,073,323
-
-
4,073,323
-
-
-
4,073,323		 Resources
expended
£
(3,579,183)
(205,853)
(108,724)
(3,893,760)
(730)
(730)
(1,460)
(3,895,220)		 Gains and
losses
£
61,749
-
-
61,749
-
-
-
61,749		 Movement
in funds
£
555,889
(205,853)
(108,724)
241,312
(730)
(730)
(1,460)
239,852

Comparatives for movement in funds

Unrestricted funds
General fund
Contingency fund
Future projects fund
Property and other fixed assets fund
Restricted funds
Croxson Memorial Fund
BNC for NDT Fund
Halmshaw Award Fund
The Nemet Award
TOTAL FUNDS		 At 1/1/23
£
385,931
850,000
726,000
1,641,643
3,603,574
2,810
31
2,709
2,119
7,669
3,611,243		 Net
movement
in funds
£
448,871
-
-
-
448,871
(750)
-
(580)
(815)
(2,145)
446,726		 Transfers
between
funds
£
(303,801)
-
318,000
(14,199)
-
-
-
-
-
-
-		 At
31/12/23
£
531,001
850,000
1,044,000
1,627,444
4,052,445
2,060
31
2,129
1,304
5,524
4,057,969

Page 51

continued...

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Croxson Memorial Fund
Halmshaw Award Fund
The Nemet Award
TOTAL FUNDS		 Incoming
resources
£
3,600,027
-
-
-
-
3,600,027		 Resources
expended
£
(3,201,629)
(750)
(580)
(815)
(2,145)
(3,203,774)		 Gains and
losses
£
50,473
-
-
-
-
50,473		 Movement
in funds
£
448,871
(750)
(580)
(815)
(2,145)
446,726

The Croxson Memorial Fund is used for organising presentations from prestigious speakers.

The BNC for NDT Fund is now depleted. Previously it funded an annual cross-institutional meeting.

The Halmshaw Award is an annual award to authors of the best paper published in the Institute's journal on any aspect of industrial radiography or radiology.

The Nemet Award recognises examples of outstandingly effective use of NDT, especially those that might encourage small firms to apply NDT methods for the first time.

The Contingency fund represents the reserves policy.

The Future projects fund represents projects in future years to which the organisation is committed.

The Property and other fixed assets fund represents the amount of reserves tied up in fixed assets.

19. EMPLOYEE BENEFIT OBLIGATIONS

The Institute contributes to a fully insured scheme for employees. The pension cost charge represents contributions payable by the Institute to the scheme and amounted to £131,407 (2023: £107,303).

Page 52

continued...

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

20. CAPITAL COMMITMENTS

Contracted but not provided for in the financial statements 2024
£
43,000		 2023
£
-

21. RELATED PARTY DISCLOSURES

Certain Trustees on the Institute are also trustees or directors of the following charities or companies:-

The British Institute of Non-Destructive Testing Benevolent Fund Institution of Mechanical Engineers TWI Lavender International NDT Ltd Inspection AI Ltd Advanced NDT Inspection Solutions Ltd Argyll Ruane Ltd Ether NDE Ltd Inspectahire Instrument Co. Ltd

The Institute provided services totalling £885,073 to these companies in the year.

Total services provided to the Institute from these companies in the year was £0.

At the year end the Institute was owed £161,394 by these companies.

At the year end the Institute owed £0 to these companies.

All transactions are carried out at arms length on normal commercial terms.

22. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities, assist with the preparation of the financial statements and to provide payroll services.

23. ULTIMATE CONTROLLING PARTY

The Institute is a company limited by guarantee and does not have a share capital. Its activities are administered by a Council, no member of which receives any remuneration for his or her role as Trustee.

The Institute is under the ultimate control of its membership.

Page 53

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS
Investment income
Rental income
Interest receivable
Charitable activities
Subscriptions
Journal advertising income
Publications advertising income
Sale of books and insignia
Journal subscriptions
Condition monitor
Conference and seminar receipts
End-Point Assessment
Other income
Certification activities
Branch income
Total incoming resources
EXPENDITURE
Investment management costs
Investment management costs
Charitable activities
Wages
Social security
Pension costs
Other staff benefits
Journal production costs
Publication costs
Website/electronic publishing
Cost of books and insignia
Conference expenses
Branch costs
European and international affairs
UKAS fees
Carried forward		 2024
£
59,620
22,369
81,989
251,389
37,058
43,919
20,280
9,098
-
295,973
13,974
7,489
3,294,036
18,118
3,991,334
4,073,323
8,546
1,588,324
166,117
131,407
62,196
157,977
130,141
49,308
11,469
199,718
18,312
57,895
19,112
2,591,976		 2023
£
57,962
2,181
60,143
233,722
33,006
36,120
19,811
9,097
157
137,920
32,427
2,484
3,020,069
15,071
3,539,884
3,600,027
7,775
1,296,199
130,466
107,303
42,224
146,812
119,168
46,527
8,534
87,798
13,863
60,789
19,475
2,079,158

This page does not form part of the statutory financial statements

Page 54

THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Charitable activities
Brought forward
PCN audit fees
PED Solution project costs
Awards
Other certification services
Legal costs
Staff costs
Marketing
Meeting expenses
Staff training
End-Point Assessment costs
Support costs
Management
Telephone
Postage and stationery
Sundry expenses
Computer costs
Bad debts
Premises, facilities and insurance costs
Depreciation of tangible assets
Finance
Bank charges
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit work
Total resources expended
Net income before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments
Net income		 2024
£
2,591,976
208,455
6,140
18,574
419,360
10,506
41,243
6,453
18,395
19,488
5,544
3,346,134
19,962
56,826
17,998
166,362
(15,935)
128,230
108,723
482,166
39,406
8,475
10,493
18,968
3,895,220
178,103
61,749
239,852		 2023
£
2,079,158
204,955
4,524
14,932
409,781
14,024
12,618
1,417
21,014
7,582
9,215
2,779,220
23,098
48,987
19,666
143,540
(1,591)
47,148
82,992
363,840
33,875
6,816
12,248
19,064
3,203,774
396,253
50,473
446,726

This page does not form part of the statutory financial statements

Page 55