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www.ireng.org UK Branches


All income, expenses, assets and liabilities for the UK branches for the year ended 31 December 2017 and year ended 31 December 2016 are recognised in full within the financial statements.


Australia Branch


All income, expenses, assets and liabilities for the Australian branch for the years ended 31 December 2017 and 2016 are recognised in full within the financial statements after being translated at the appropriate exchange rate.


South Africa Branch


The net contribution paid to the UK is recognised as income. No assets or liabilities of the branch are shown within the financial statements.


2. Tangible fixed assets Cost


At 31 December 2016 and 31 December 2017 Depreciation


At 31 December 2016 and 31 December 2017 Net book value


At 31 December 2016 and 31 December 2017 3. Debtors


2017 £


Trade Debtors


Advertising debtors Subscriptions overdue Buyers Guide debtors Conference fees debtors


Provision against bad and doubtful debts Other debtors


4,872 3,378 340 705


9,295 -


9,295 2,489 11,784


4. Creditors: Amounts falling due within one year


2017 £


Creditors and accrued charges 5. Contributions in the event of a winding up


Every member of the Institute undertakes to contribute to the assets of the Institute in the event of its being wound up. This applies while he is a member or within one year afterwards for payment of the debts and liabilities of the Institute contracted before he ceases to be a member and of the costs, charges and expenses of winding up and for the adjustment of rights of the contribution amongst themselves such amount as may be required not exceeding one year's annual subscription.


6. Taxation


The Institute's mutual income (subscriptions and conference fees) is not chargeable to corporation tax.


No tax charge arose on the remaining income in the year and as at 31 December 2017 corporation tax losses carried forward totalled £123,513.


7. Related party transactions


The related parties are the members of The Institute of Refractories Engineers. During the year the following expenses will have been paid to members:


3,905


2016 £


9,635


4,810 809 725


3,856 10,200 -


10,200 682


10,882


2016 £


788 788 -


President's regalia £


The Institute of Refractories Engineers Accounts £


General Secretary and office expenses General Secretary Mileage


3,085 11,568 1,218


BRANCH INCOME AND EXPENDITURE ACCOUNTS YEAR ENDED 31 DECEMBER 2017


Main NW Sheffield


Institute Branch £


INCOME


Subscriptions and entrance fees


Journal advertising E-directory


Conference fees Training


Bank interest received Publishers Licence Fees Branch social fund raising Dinner Dance


Total Income


EXPENSES Meeting expenses


National Dinner Dance Branch social events Journal


Journal printing and distribution


Journal e-Directory Editorial costs


Other expenses Telephone


Computer expenses


Printing, stationery and postage


General Secretary and office expenses


Insurance


Payments/Grants to branches


Conference and exhibition costs


Credit card and bank charges


General Secretary Presidents honoraria


Branch Secretaries' honoraria


Marketing costs Training


Accountancy support fees


Audit & accountancy fees


Bad and doubtful debts Mileage


Exchange rate difference Total Expenses


NET SURPLUS/ (DEFICIT) FOR THE PERIOD


November 2018 Issue ENGINEER THE REFRACTORIES 178 600


2,500 700


1,218 303 45,052 6,974 6,049 (6,049) - - - - 16,510 (861) - - 353 550 1,665 312 511 600 (6,049) 5,449 541


11,568 850


6,049


2,574 212


569 12,253 246 23,859


17,031 25,495 1,650 5,077 2,015


758 497 14,744 408


17,528 25,495 1,650 19,821 2,015 408 758 - -


52,026 - - - 15,649 - 67,675


- - -


£ £ Stoke Australia Cons.Adj Total £ £ £ £


23,859 - - -


550 1,665 312


3,085 812


569 17,702 787


11,568 850


- -


178 953


2,500 700


1,218 303


67,611 64


7


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