ALFED Monthly Board Report - Dec 2023

Monthly Report December 2023

Contents Accounts Board Resignations Member Updates/News Trade Committee Announced ALFED’s response to CBAM announcement Social Media Update

Aluminium Federation Ltd Management Accounts Profit & Loss to 31 October 2023

Trading Events Income Events Expenses

Budget 2022

Budget to 31 Oct 23

Actual to 31 Oct 23 Variance

Projections to 31-Dec-23 Variance

123,000 (138,000) (15,000)

33,000 (48,000) (15,000)

49,147 (90,945) (41,798)

16,147 (42,945) (26,798)

House of Lords Lunch income House of Lords Lunch expenses

5,000 (7,000) (2,000)

5,000 (7,000) (2,000)

2,757 (4,933) (2,176)

(2,243) 2,067 (176)

2,757 (4,933) (2,176)

(2,243) 2,067 (176)

Technical course income Technical course expenses

16,000 (2,000) 14,000

13,333 (1,667) 11,667

9,680 (1,173) 8,507

(3,653) 494 (3,160)

11,921 (1,173) 10,748

(4,079) 827 (3,252)

Management course income Management course expenses

10,000 (7,500) 2,500

8,333 (6,250) 2,083

(1,329) (1,329)

(8,333) 4,921 (3,412)

- (10,000) (1,196) 6,304 (1,196) (3,696)

-

-

15,883 (9,546) 6,337

15,883 (9,546) 6,337

15,883 (9,546) 6,337

15,883 (9,546) 6,337

Magazine Income Magazine expenses

9,500 (11,000) (1,500)

7,917 (9,167) (1,250)

2,458 (16,283) (13,825)

(5,459) (7,116) (12,575)

6,053 (16,283) (10,230)

(3,447) (5,283) (8,730)

ASA education fund income ASA education fund expenses

18,000 (18,000) -

15,000 (15,000) -

6,000 (10,445) (4,445)

(9,000) 4,555 (4,445)

18,000 (10,445) 7,555

7,555 7,555

500 (155) 345

417 (129) 288

100 (13) 87

(317) 116 (201)

100 (43) 57

(400) 112 (288)

(1,655)

(4,213)

(48,642)

(44,430)

(25,664) (24,009)

409,256 40,409 27,190 25,000 12,356 3,145 5,000 1,500

341,047 33,674 22,658 20,833 10,297 2,621 4,167 1,250

340,870 38,383 22,659 22,949 9,611 2,158 720 1,719

(177) 4,709 1 2,116 (686) (463) (3,447) 469

409,043 46,471 27,190 29,500 11,533 2,590 1,000 2,300

(213) 6,062 4,500 (823) (555) (4,000) 800

523,856

436,547

439,069

2,522

529,626

5,770

Erasmus grant income Erasmus expenses

Book sales Movement

Income Subscriptions / Membership Sector group income Secretarial New membership CCL Admin Fee (Energy cluster) CCL EA fees recharged Sundry income/consultancy Bank int on deposits

167,686 44,686 (204,445) (66,445) (36,759) (21,759)

Expenditure Staff costs Travel & meeting attendence Office Overheads Climate change Lobbying, promotional & education Other events Storage, subscriptions & insurance Professional & accountancy fees Exhibitions CRU Report Strategic planning consultancy Miscellaneous Bank charges Exchange gains/losses Bad debts Dilapidations Depreciation Loss on disposal of assets

311,703 27,000 48,400 3,145 17,500 3,000 16,950 42,142 15,000 4,000 1,200 700 10,000 840 6,000 -

259,753 22,500 40,333 2,621 14,583 2,500 14,125 35,118 12,500 3,333 1,000 583 8,333 700 5,000 -

248,825 28,742 45,248 2,621 8,817 (1,720) 15,876 59,842 18,992 7,000 5,460 5,111 515 300 6,865 630 1,832 1,882

(10,928) 6,242 4,915 0 (5,766) (4,220) 1,751 24,724 6,492 7,000 5,460 1,778 (485) (283) (1,468) (70) (3,168) 1,882

300,318 36,000 55,288 2,590 9,670 3,000 19,235 66,759 18,992 7,000 7,560 6,200 750 700 8,238 990 2,150 1,882

(11,385) 9,000 6,888 (555) (7,830) 2,285 24,617 3,992 7,000 7,560 2,200 (450) (1,762) 150 (3,850) 1,882

507,580

422,983

456,838

33,855

547,322

39,742

surplus/(deficit)

14,621

9,351

(66,411)

(75,762)

(43,360) (57,981)

Exceptional Items RBS pension costs

5,640

4,700

4,700

-

surplus/(deficit)

8,981

4,651

(71,111)

(75,762)

5,640

-

(49,000) (57,981)

Date: 04/01/2024 Time: 12:06:12

Page:

(ALFED) Aluminium Federation Ltd Aged Debtors Analysis (Summary)

Report Date: Include future transactions: Exclude later payments:

04/01/2024 No No

Customer From: Customer To:

1

ZZZZZZZZ

** NOTE: All report values are shown in Base Currency, unless otherwise indicated ** A/C

Name

Credit Limit

Turnover

Balance

Future

Current

Period 1

Period 2

Period 3

Older

AIR05 ALC15 ALU02 AMA02 ARCON01 CARB01 EUR07 HYD04 ISTAN01 JONAS01 MEC01 MET21 POW01 PRI02 QUA03 SAP05 SHE02 TAN01 TYRO01 UKP01 UNI01 UNI04 WHT01 WIC

Air Products N.V. Aluxide Ltd Aluminium Shapes Ltd Amari Metals Ltd Arconic UK Carbonchain.IO Ltd European Metal Recycling Ltd Hydro Aluminium Deeside Ltd Istanbul Mineral and Metal Exporter's Association Jonas Metals Software Ltd Mechatherm International Ltd Metsource Ltd Powdertech Limited Primetals Technologies Ltd Qualicoat UK & Ireland Hydro Extrusion UK Ltd Sherwood Stainless and Aluminium Ltd Tandom Metallurgical Co LimitedLtd Tyrolit UK Profile Components Ltd United Anodisers Universal Collaboration Research Ltd Ltd WH Tildesley Wickens Engineering Ltd

£ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £

1,800.00 3,022.94 15,389.64 39,793.00 3,790.00 132.35 7,444.64 11,175.88 727.75 1,890.00 10,120.88 10,111.94 3,205.46 6,240.88 -4,406.12 185.00 7,740.00 11,869.64 1,504.38 3,922.94 185.00 1,372.94 3,960.44 1,588.39

1,800.00 600.00 7,194.00 2,160.00 4,314.00 158.82 -237.60 4,788.00 760.00 2,100.00 9,598.80 5,986.80 222.00 3,978.00 600.00 222.00 4,788.00 7,188.00 1,170.00 2,400.00 222.00 1,647.53 1,800.00 648.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

1,800.00 600.00 7,194.00 2,160.00 4,314.00 0.00 0.00 4,788.00 0.00 2,100.00 9,598.80 5,986.80 222.00 2,394.00 600.00 222.00 4,788.00 7,188.00 1,170.00 2,400.00 222.00 0.00 1,800.00 648.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,584.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 158.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 -237.60 0.00 760.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,647.53 0.00 0.00

142,767.97

64,108.35

0.00

60,195.60

1,584.00

0.00

158.82

2,169.93

Totals:

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Board Resignations: December 2023 The following Board Member companies have given notice of their resignation from ALFED, with membership ceasing 31/12/24: Novelis Bridgnorth Aluminium

Member Updates/News All member updates including press releases submitted by members and news are shared regularly via the ALFED website and in the weekly ‘Member Update’ email that is sent to all members.

Updates and news shared throughout December include: -

Member news: ALFED appoints Mechatherm’s Mark Allen as New President: https://alfed.org.uk/alfed-appoint-mechatherms-mark-allen-as-new-president/

-

ALFED Member News: TWI Present ‘Cold Spray Repair of Aluminium 7075 for Aerospace’: https://alfed.org.uk/alfed-member-news-twi-present-cold-spray-repairof-aluminium-7075-for-aerospace/

-

An End of an Era for the ALFED Annual Dinner at the De Vere Tortworth Court Hotel: https://alfed.org.uk/an-end-of-an-era-for-the-alfed-annual-dinner-at-the-de-veretortworth-court-hotel/

-

An HSE Update: What are Metalworking Inspections Looking For?: https://alfed.org.uk/an-hse-update-what-are-metalworking-inspections-looking-for/

Trade Committee Meeting Announced Date: Thursday 18th January 2024 Time: 10.00am Venue: Microsoft Teams (A link will be circulated prior to the meeting) The aim of the meeting is to develop our own trade committee that can understand and develop policy to influence stakeholders including government departments for the benefit of the UK Aluminium sector. The scope and terms of reference of the trade committee will be established at the first meeting. *Please note – We hope to hold future in-person meetings in London on occasion, to help boost the interactivity of the meetings and help drive the committee forwards.

New UK levy to level carbon pricing announced The UK is to implement a new import carbon pricing mechanism by 2027 to support the decarbonisation drive.

• Imports of iron, steel, aluminium, ceramics and cement from overseas will face a comparable carbon price to those goods produced in the UK • Reduces the risk of ‘carbon leakage’, avoiding emissions being displaced to other countries because they have a lower or no carbon price Goods imported into the UK from countries with a lower or no carbon price will have to pay a levy by 2027, ensuring products from overseas face a comparable carbon price to those produced in the UK. Full story here: https://alfed.org.uk/new-uk-levy-to-level-carbon-pricing/

ALFED’s response to CBAM announcement (Sent to Department for Business and Trade) "ALFED welcomes the UK’s carbon border adjustment mechanism for levelling the playing field between the UK aluminium industry and international competition. With its infinitely recyclable properties and indispensable use in clean technology, aluminium is essential for industry-wide decarbonisation and the shift towards a green economy, and CBAM will help strengthen the UK aluminium industry’s position as being at the forefront of this global transition.

ALFED looks forward to collaborating and engaging with the UK government on the finer details, ensuring it is a burden free process and understanding the impact on the UK aluminium sector and our biggest trade partner, the European Union."

ALFED has also provided details of the announcement and a CBAM factsheet for all members on the website and will be following any developments and further announcements closely. https://alfed.org.uk/new-uk-levy-to-level-carbon-pricing/

Social Media Update At the Aluminium Federation (ALFED), we use social media as an important way of engaging with our members through not only informing them of the benefits, training and networking opportunities they have access to as part of their membership, but also to give them a platform to shout about the projects and events they are getting involved in. Giving them a unique voice to share their hard work and dedication to creating a positive impact in the UK aluminium industry and the sectors move towards net zero.

The social media platforms we are active on are: - LinkedIn - Twitter - Instagram

Statistics LinkedIn Visitor Highlights: Page Views: 499 Unique Visitors: 248 Follower Highlights: Total Followers: 7,182 New followers in the last 30 days: 133 Post Highlights: Reactions: 538 Comments: 43

Twitter Tweet impressions: 1,538 Total followers: 4,364 New followers: +36

Instagram Total Posts: 112 Total Followers: 156 Total People we are Following: 102

External Communications