Annual Report 2018–2019
fmb.org.uk Foreword
e’re delighted to be again. During the past year, we ever included so much business- able to report so much have attended four meetings in critical content. Wpositive progress for No.10 Downing Street, one of the Federation of Master Builders which was a reception with the A clear stand-out success this (FMB) over the past 12 months – then Prime Minister Theresa May. year has been the Master Builder and from so many different areas The FMB continues to punch Awards. With record-breaking of the business. above its weight and secure real numbers of entries, and sell- results for small and medium- out black-tie ceremonies held FMB Insurance Services Ltd sized (SME) builders, as evidenced across the UK, it’s clear that this continues to go from strength- by changes to the Apprenticeship is something the members value. to-strength with a second Levy, which were lobbied for by Indeed, we want to explore consecutive year of profit the FMB. holding this event on an annual delivered at the end of 2018. It basis as the awards serve a really is making a name for itself In terms of our membership wide variety of functions, from in both the construction and services, we continue to refresh fantastic member engagement, insurance sectors and there is and improve. Many members to a route to commercial income, everything to play for in terms of have commented favourably to wonderful profile-raising future growth. on the FMB’s redesigned and opportunities in the media. reinvigorated member magazine: The FMB’s political engagement Master Builder. Our magazine has But the past 12 months have not and impact, despite already being never looked so current been without their challenges. successful, has edged up yet and engaging, and nor has it Indeed, a cyber attack in 2018
2 Annual Report 2018–2019 www.fmb.org.uk Contents
4 Our Strategic Plan: The Badge of Quality 2019-2022
5 Top 10 achievements in 2018-2019
6 Master Builder Awards 2019
7 The voice of Master Builders: loud and clear
8 Master Builders in the news
9 Marketing our Master Builders
10 British Building Conference
11 Membership Services: looking after our Master Builders resulted in a financial loss for need to continue to run thriving the FMB. Thankfully, overall our construction firms that deliver 12 accounts are in rude health and world-class building projects for FMB Insurance: giving our we have been able to cover the their clients. members that extra peace financial hit through our cash of mind reserves. What’s more, the FMB is fully committed to recovering this 13 loss by delivering a larger financial FMB commercial activity surplus at the end of 2019 – and we are on track to achieve this. 13 FMB properties We also want to take this opportunity to thank our Master Builder members for their 14 continued commitment to the UK-wide: backing master FMB. Now, more than ever, in these builders across the uk uncertain political and economic times, the FMB stands ready to 18 support its community of builders. Our year in pictures As we approach Brexit Britain, Brian Berry Arthur McArdle the FMB will ensure its members FMB Chief FMB National 22 have all of the back-up they Executive President Financial statements
www.fmb.org.uk Annual Report 2018–2019 3 Our Strategic Plan: The Badge of Quality 2019 – 2022
he FMB’s commitment to standards and quality needs to be realised by FMB Mission T all members having undergone the same membership checks. The roll out of independent on-site inspections for all The FMB’s mission is to focus on four key Master Builders sets the FMB apart from its competitors. It is already starting to deliver strategic objectives: advantages with commercial partners and sponsors wanting to work with, and align 1. Improved standards – to ensure all Master themselves to, an organisation that can Builder companies are independently inspected and guarantee the quality of its members. comply with the FMB’s entry criteria and Code of Conduct. The FMB needs to accelerate this commitment to standards while reviewing 2. Improved membership engagement – to how we engage with our existing members improve our proactive engagement with members so they have a greater sense of belonging using the new CRM and additional staffing resources in to the UK’s biggest, and arguably best, trade the regions. association in the construction sector. The 3. Improved communication – to align all our journey forward will be to reinvigorate communication activities to ensure they proactively membership growth in the long term and promote the FMB effectively and support membership increase our income to improve the quality engagement. of the service we deliver to our members. To achieve this, the FMB’s future strategic 4. Improved commercial income – to increase direction will focus on the need for our commercial income to support improved services to members to be recognised as the best in members. the SME building industry. This will mean giving true meaning to what it is to be a Master Builder so that the FMB logo is recognised by both clients and industry as the ‘badge of quality’. FMB Vision FMB Values The FMB’s vision is for: The FMB’s core values support our mission statement, as well as shaping the culture of the organisation. Our values are the essence of the FMB’s identity and “FMB accreditation reflect our principles and beliefs. They help ensure of Master Builder that members are at the heart of everything we do. The four key values of the FMB and its staff are: companies to be Professional – to do everything to the highest recognised as the standard possible and to always seek ways to badge of quality.” improve; Commercial – to be business focused and maximise the commercial value of all FMB’s activities;
Positive – to actively engage and to be solutions- focused; and
Collaborative – to work together with respect and honesty as ‘one team’ putting the members at the heart of everything we do.
4 Annual Report 2018–2019 www.fmb.org.uk Top 10 achievements in 2018-19
Biggest-ever Master Builder Highest ever 1 Awards 2 media reach
Growing political engagement 3 and influence 4 Award-winning New membership commercial team 5 database and Chief Executive
£4.25 JUNE-JULY 2019
THE MAGAZINE OF THE FEDERATION OF MASTER BUILDERS Master Builder
BUSINESS BUILDING AFTER BREXIT Preparing for the UK’s magazine refresh withdrawal from the ON SUCCESS European Union The competition is GETTING COVERED Is your New Home 6 heating up for the national Master Structural Warranty Builder Awards leaving you exposed? WHO ARE YOU GONNA CALL? How the FMB’s business advisory services can help you FMB Insurance7 growth 8 Four meetings in No.10, including First-ever ‘FMB British21/05/2019 17:02 Building1 Cover_Master Builder Jun-July 2019_Master Builder Magazine 1 Conference’e’ 9 one with the PM
FMB membership now means it’s easier to win public sector work in Northern Ireland 10
www.fmb.org.uk Annual Report 2018–2019 5 Master Builder Awards 2019
The Master Builder Awards gave Master Builders a chance celebrate the incredible to celebrate their success. All achievements of Master Builders six of the regional and devolved across the UK, showcasing events were sold out and local examples of high-quality sponsorship was secured for craftsmanship, exceptional each ceremony. The feedback customer service and building has been fantastic, with many excellence. The 2019 awards members requesting that the programme attracted 419 awards are held on an annual individual nominations, exceeding basis in the future. This prospect the 350 nominations received is currently being explored by in 2017. This is our highest ever the FMB. number of nominations and represents a 16% increase. The national Master Builder Awards ceremony, hosted by TV For the first time, every regional presenter Nick Knowles, will take and devolved judging panel place on 20th September 2019 included a local journalist to help at the InterContinental Hotel, encourage media coverage of the Park Lane, London. The national winning projects. event is expected to be attended by more than 600 guests For the first time, professionally including FMB members, MPs, organised awards ceremonies were journalists and senior industry held right across the UK, which stakeholders.
“Highest ever individual nominations and a 16% increase in 2019 compared to 2017”
6 Annual Report 2018–2019 www.fmb.org.uk The voice of Master Builders: Loud and clear
The FMB is now recognised as the the first time ever, the FMB spoke voice of small and medium-sized alongside the Chancellor of the (SME) construction firms in both Exchequer. “92% of Master Westminster and Whitehall and Builders think across the political divide. The The FMB is increasing it’s important the FMB’s opinion is highly valued by FMB influences policy makers on a wide range of the quality of our issues from standards to skills. Over tradespeople – the new Government policy the past year, the FMB’s policy and bricklayer apprenticeship, which on behalf of the public affairs work has gone from was developed by an FMB-led members” strength to strength, building on group of employers, received the success of previous years. Ministerial sign-off and has been up and running since September The FMB is leading the 2018. At the time of publication, the voice of SME construction 500 would-be bricklayers have companies is heard at the way on standards – the enrolled on this higher quality highest level. FMB is leading the campaign for apprenticeship, ensuring we have a mandatory licensing scheme to quality tradespeople to deliver our The FMB is ensuring help to transform the construction projects to a high standard. sector into a high quality and the industry has the professional industry. This has skilled workers it needs been welcomed both by those FMB on industry boards – the FMB has been able to secure – following lobbying by the FMB, in industry and policy makers. representation of its members the Government announced The report ‘Licence to build’ on the Construction Leadership that employers who pay the was published in July 2018 with Council and the national CITB Apprenticeship Levy will now the (then) Construction Minister Board. This will help ensure that be able to transfer 25% of the Richard Harrington MP, and funds to other smaller employers, the Shadow Chancellor John who may need them more. The McDonnell MP, both welcoming FMB also met with senior Home the report at the launch. Office officials to ensure any new immigration system doesn’t The FMB is at heart of exacerbate construction skill Government – over the past shortages. 12 months, the FMB has met the PM’s advisors in No.10 four times, The FMB in Parliament the Housing Minister five times, – over the past 12 months, the and the Construction Minister four FMB has engaged with over times. The FMB also attended a 45 parliamentarians, had over reception in No.10 with the (then) 50 Parliamentary Questions Prime Minister Theresa May. At the tabled and held three flagship Conservative Party Conference, for Parliamentary events.
www.fmb.org.uk Annual Report 2018–2019 7 Master Builders in the news
Why media coverage is important for the FMB The FMB appeared in the following media outlets
The FMB’s mission is for Master Builders to be recognised by consumers, industry and policy makers as the best in the building industry.
Raising the FMB’s profile by securing a high levels of media coverage is key to meeting this objective. Interviews and mentions in respected outlets helps to increase our reputation as a professional organisation and a brand that consumers can trust. Ultimately, raising the profile of Master Builders to consumers via the media helps Master Builders win more work.
How have we fared over the past 12 months?
Higher media coverage than the Home Builders Federation, which represents large house builders
The FMB reached 406 million people through free media coverage
Media coverage “92% of Master Builders think it’s
increased by 13% important the FMB speaks to the compared to previous year media on behalf of the members”
8 Annual Report 2018–2019 www.fmb.org.uk 43% of Master Builders think our magazine has improved over the past 12 months compared to just 2% who Marketing our think it’s less good’. Master Builders
Master Builder Magazine Social media
The FMB worked with a creative More people than ever are FMB membership to prospective agency called Redactive to engaging with the FMB across our members; and one Skills Show, contemporise Master Builder various social media platforms: promoting careers in construction magazine and maximise its value to school students. FMB members to members. The relaunch of • Facebook – engagement took part in the Advice Centres at the publication in October 2018 increased by 81% compared with the Homebuilding & Renovating involved a complete redesign and the previous year Shows, offering bespoke building a revised approach to editorial • Instagram – this is now one of advice to homeowners. content. The magazine now our most popular platforms and includes shorter, punchier articles we doubled our followers in just Advertising with more member stories and six months articles on tools and construction • Twitter – now with 23,000 The FMB sponsored a weekly methods. followers and growing every show on Fix Radio called ‘The Tool day. We have also set up an Box’, which targeted tradespeople Publications and FMB North Facebook Group for and covered industry news, marketing material members developments and topical issues. • LinkedIn – being used more The FMB also continued to effectively to target potential Since June 2018, the FMB’s wide advertise regularly in select print new members array of publications and marketing publications targeting prospective material, from consumer marketing members including Professional leaflets to research reports, Exhibitions Builder and Northern Builder. have been refreshed to ensure In addition, digital advertising a consistent design and style is Over the past year, the FMB through the Build It website and applied to everything produced by participated in 17 exhibitions newsletters promoted the FAB the FMB. This helps ensure the FMB across the UK including 12 service to consumers, which brand continues to evolve. consumer shows, promoting achieved 104,000 impressions and Master Builders to homeowners; 339 clicks to FAB in a five month four trade shows, promoting period from January to May 2019. Website
After significant increases to our
JUNE-JULY 2019 Find a Builder (FAB) search over £4.25 the past few years, we have seen both general and member website traffic level off in the past year. This includes little or no growth to the number of website visitors, or the time they spend on the FMB site. We have also seen a 10% decrease THE MAGAZINE OF THE FEDERATION OF MASTER BUILDERS in member visits. In light of these figures, we are now undertaking a BUILDING full review of our digital platforms. ON SUCCESS This includes an audit of our The competition is web technology and website heating up for the BUSINESS national Master AFTER BREXIT Preparing for the UK’s performance, benchmarking Builder Awards withdrawal from the current spend and assessing how European Union GETTING COVERED easily the site integrates with the Is your New Home Structural Warranty new membership database. We leaving you exposed? must put members at the heart WHO ARE YOU GONNA CALL? of any future development to How the FMB’s business advisory services provide first-class digital services can help you to support the growth and development of their businesses. www.fmb.org.uk 9
1 Cover_Master Builder Jun-July 2019_Master Builder Magazine 1
21/05/2019 17:02 British Building Conference
The FMB held its first ever national Sarah Beale and the CEO of the policy conference – the British Institute of Apprenticeships Building Conference – in a Robert Nitsch CBE. stunning venue in the heart of Westminster at the end of 2018. The aim was to attract at least 100% of attendees The purpose of the conference 220 attendees but we smashed described the was to raise the profile of the that target by attracting more than FMB in the eyes of senior industry 260 throughout the day. conference as stakeholders and policy makers. ‘excellent’ or ‘good’ The British Building Conference and of these, 92% Speakers included the (then) has been shortlisted to win an described it as Chair of the House of Commons award for ‘Best New Conference Treasury Select Committee or Event’ at the Association ‘excellent’ Nicky Morgan MP, the Shadow Excellence Awards in autumn 2019. Small Business Minister Bill Esterson MP, the CEO of CITB Fingers crossed...
So, what did people think?
“Very well planned, “A fantastic day with thought-out and a great venue and constructive great people” conference”
The FMB has also held a number of other “What a brilliant day. professionally-organised “A very good Thoroughly enjoyed and well-attended and worthwhile it, learned lots and conferences around the investment of time” met a bunch of useful UK, ensuring we’re leading industry contacts” the way when it comes to debating the big issues affecting construction SMEs.
10 Annual Report 2018–2019 www.fmb.org.uk Membership Services: looking after our Master Builders
In response to member requests, members create or update their see excellent service levels from the FMB has updated the suite of Find a Builder profiles. This has the two inspection companies we contracts available to members. seen a good level of success, use – RISA and the British Board They are now the most user- both through improved member of Agrément – and this is based friendly and plain-English contracts satisfaction rates and the number on turnaround times and member in the domestic building sector. of job leads members have feedback. We are currently generated through the Find a on track to have contacted all Master Builders rely on the FMB Builder site. members to invite them to be for sound advice to help them inspected by the end of 2019. To run their businesses and so we The focus on raising standards be able to say to consumers that have also broadened the range continues and the FMB has seen all Master Builders have undergone of advisory services on offer to improvements in the proportion of an independent inspection of their members, which now includes members with up-to-date liability work will be a huge step forward specialist HR advice and low-cost insurances on file, as well as the for the FMB about how it positions debt recovery options, alongside proportion of members who have itself to both consumers and the legal and taxation advice. These been inspected. We continue to construction industry. services are well-used and save members a great deal of time, money and heartache. The FMB’s CTSI certified Dispute Resolution Service continued to offer members and their clients valuable support to resolve problems and received on average one new case each day during 2018/2019.
The FMB continues to improve the customer service we offer to our members. Notable enhancements to the service include a welcome call to all new members to help them log into the member area and to fully understand the range of relevant member benefits available to them. The FMB has also introduced a service to help existing
www.fmb.org.uk Annual Report 2018–2019 11 FMB Insurance: giving our members that extra peace of mind
The past year has seen Promoter Score sits at +73%, which to help members find insurance encouraging growth for several compares favourably within the for more complicated works, areas within FMB Insurance. industry. such as flat roofs and inner-city The surplus made for 2018 is conversions. Many other insurers positive and in line with budgeted After the successful renewal of exclude these areas from their expectations. our relationship with our insurer, policies. Everest, FMB Insurance has had a How we record and manage the positive compliance audit result. Over 20% of Master Builders now reviews section of our website Our underwriting moved to Everest purchase Contractors Liability has played a key part in 2019. Syndicate 2786 at Lloyds in April Insurance with FMB Insurance. Our After investing in digital software 2018. renewal retention continues to be last year to monitor our ratings, higher than the industry average at we have now started to promote Our Structural Warranties go from around 80%. our reviews across social media. strength to strength. In the last Hearing what our members year 190 properties have taken FMB Insurance has recently think of the service is incredibly cover across New Homes and launched two new bespoke important to us and feedback helps Domestic & Commercial. That insurance systems. These enable our team to continue to provide a means 190 additional consumers us to provide quotations more high-quality level of service. FMB have protection through FMB efficiently and store policy Insurance currently has over 200 Insurance. information more securely, giving reviews and 94% of our reviewers our members some extra peace recommend us. The words our The relationship we have with of mind. More new products are reviewers most use to describe Everest has enabled us to look at on the horizon and information us are; helpful, competitive the more complex risks involved on these will be available in and excellent. The current Net in building, and we are now able autumn 2019. 94% would recommend FMB Insurance
most used words 3 in FMB Insurance reviews 1. Helpful 2. Competitive 3. Excellent
12 Annual Report 2018–2019 www.fmb.org.uk FMB commercial activity
The FMB’s commercial offering has come a long way over the past few years and this was recognised by the FMB winning the ‘Commercial Initiative of the Year Award’ at the Trade Association Forum (TAF) Awards
The FMB achieved sales of An agency called Redactive The FMB welcomes several more than £311,000 –over has been contracted to new well-known brands the past 12 months, an redesign and publish the to its burgeoning list of increase of 33% from the Master Builder magazine clients, including: Alcumus; previous year but we continue to sell Build Aviator; BuildXact; the advertising in-house. Gorilla Glue; Isuzu; JCB We achieved a surplus of Workwear; Jewson; Media just under £15,000 after Ten; Open Reach; Steel production and delivery costs Scout and Toolstation Isuzu was secured as the headline sponsor for the 2019 Master Builder Awards, supplying the prize of a FMB Partners are B&CE; Sales for the Master Builder brand-new van worth over Build Aviator; CITB; Isuzu; Awards are on target £30,000 JCB; Jewson; Media Ten; to ensure the awards Tradepoint programme is cost-neutral
FMB properties
• Rental income from properties remains stable with 22 tenants under lease
• FMB rental income is up by 16% compared with previous year
• Properties have been improved with new air-conditioning/ heating systems in London and Cambridge
• Repairs and maintenance are within budget
• Meeting room income was £20,900 over the past 12 months, an increase of 52%
• 690 bookings were made for internal meetings providing a substantial saving to the FMB
www.fmb.org.uk Annual Report 2018–2019 13 UK-wide: backing Master Builders across the UK
FMB SCOTLAND
This year FMB Scotland achieved Scottish Parliament: evidence of a couple of firsts: we exhibited the esteem in which the FMB is at the Skills Scotland show held in Scotland. We welcomed promoting careers in construction around 60 Master Builders and to young people and we hosted a industry stakeholders to its annual networking event with the Scottish conference in Glasgow. We also media in Glasgow. Our strong hosted a high-profile discussion on political engagement continued licensing the construction industry through direct meetings with in the Scottish Parliament. A record Scottish Government Ministers number of Scotland members and in giving oral evidence to the submitted nominations to join the Scottish Parliament about the FMB Scotland Board. Members construction industry. The FMB gave up their time to help promote Scotland Director was elected the FMB brand to homeowners Convener of the Cross-Party at exhibitions in Edinburgh and Group on Construction at the Glasgow. A great year!
FMB NORTHERN IRELAND
FMB Northern Ireland’s network to develop their skills. membership grew by almost The FMB has achieved two major 10% over the past year, which is policy wins for members over the extremely encouraging. What’s past year. Firstly, FMB accreditation more, FMB NI’s reputation and is now recognised as being on profile continues to grow with a par with Constructionline for the Director being appointed as small works contracts in the the Chair for the NI Construction public sector. Secondly, FMB NI Group. This lobbying and policy has worked with FMB Insurance group has access to the highest to secure a big win for Master decision makers within the civil Builders. All grant-aided work service, as well as local and over £5,500, for private or social regional Government. FMB NI housing, requires a registered has secured meetings with all builder. FMB Insurance, along with the major political parties in NI, just one other warranty as well as an invitation to No.10 company in NI, has to meet the Prime Minister. We been awarded the have been consulted by Sinn rights to provide Féin as they develop a new social warranties for apprenticeship strategy for their this work. programme for Government. The establishment of the Northern Ireland Construction Group Youth Forum continues to give younger FMB members a voice and a
14 Annual Report 2018–2019 www.fmb.org.uk UK-wide: backing Master Builders across the UK
FMB NORTH
FMB North has strengthened region. For the first time, FMB two of the three northern area North hosted a joint regional boards and welcomed four new black-tie Master Builder Awards FMB board members in total. ceremony, which was a roaring Continuing to raise the profile of success. The event sold out in Master Builders in the north, the record time and everyone gave Director of FMB North now sits excellent feedback on their on a number of steering groups, evening. Finally, FMB North is committees and external boards, spear-heading a new approach to including being a governor of helping Master Builders speak to the Board of Leeds College of one another and network in a more Building – arguably the most 21st century manner. FMB North well-respected construction has set up its very own private college in the UK. FMB North has Facebook group, which is a pilot strengthened regional relationships for the rest of the UK. This is in its with other federations, such as the early stages of development but Builders Merchants Federation, and has already seen great engagement further developed relationships and conversations from many with CITB and LABC across the members.
FMB CENTRAL
The FMB’s Midlands region is in board meetings and budgets the unique position of being the and more information will follow home of the new and current on this. FMB Central has been, FMB National Arthur McArdle. We and still is, playing a part in the are extremely proud and we are consultation process leading to supportingg Arthur in his role. FMB the introduction by Birmingham Central is carrying out a review City Council of a designated to find out if there is value in the inner city clean air zone, which Eastern Counties and Midlands means that petrol vehicles built Region working more closely prior to 2006, and diesel vehicles together, including combined built before 2015, would fail the standards, which would lead to daily charges of around £8.50 per day for cars and a lot more for larger vehicles. The West Midlands Combined Authority is monitoring the potential success of the scheme, which could end up covering other areas including Wolverhampton and Coventry. FMB Central also hosted a highly positive roundtable discussion on licensing for construction, which received support from most of the organisations present.
www.fmb.org.uk Annual Report 2018–2019 15 FMB CYMRU
FMB Cymru teamed up with the Federation of Small Businesses to host a roundtable meeting with members and high-profile politicians to discuss the barriers to small house building firms at the Welsh Assembly. The FMB Cymru Director Ifan Glyn gave oral evidence to a Committee of Welsh Government to inform their Assembly Members on the same policies in this area. Engagement subject and our 2018 Conference with members remains strong in also covered SME house building, Wales, with three active branches with the keynote address from the meeting on a regular basis to Housing Minister. FMB Cymru was discuss matters that impact their an integral part of the independent business in their area. We had a advisory group that produced a successful Master Builder Awards, report on the ‘Decarbonisation with a record number of projects of existing homes in Wales’. The nominated and a very successful report will be used by Welsh ceremony in Cardiff to top it all off.
FMB SOUTH
Both regions in FMB South have Master Builders to adopt low elected new Presidents and Chairs carbon construction methods in over the past year, as well as a order to help achieve the national significant number of new Board carbon reduction targets. FMB members. The focus in the south is South has participated in numerous to increase member engagement. trade and consumer shows. These Building upon previous years, FMB are an important means through South continues to champion which to both encourage more the need to increase health and SME builders to apply to become safety standards and inspire Master Builders, as well as helping the next generation of building more consumers to understand the professionals to develop a career benefits of working with an FMB in construction. With the ever- member. FMB South has further increasing urgency to address heightened its profile through climate change, FMB South is local media coverage, including working with external organisations radio and television interviews to help inform and encourage throughout the year.
16 Annual Report 2018–2019 www.fmb.org.uk FMB LONDON
FMB London has worked closely construction more collaborative’. with policy makers at the Greater The Director of FMB London London Authority (GLA) and across spoke on behalf of London’s various local authorities over the Master Builders at numerous high- past year. A concerted effort was profile conferences including the made to keep members informed Chartered Institute of Housing of industry developments by (CIH) annual conference, a panel putting on breakfast briefings debate at the Policy Forum London events on topics such as ‘Tax and conference and a panel debate at VAT question time for builders’; Homes18. On the governance side, ‘The benefits of employing the FMB London Board remains an apprentice’ and ‘Accessing a dynamic, productive and well- development finance’. FMB attended forum. For every member London teamed up with the elected by members to sit on the Southern Counties region to board at this year’s AGM, two more deliver a successful Master Builder had put themselves forward for Awards ceremony and business consideration. conference entitled: ‘Making
www.fmb.org.uk Annual Report 2018–2019 17 Our year in pictures
FMB Connections team scoops Trade Association Forum award
FMB spokespeople receive media training
New independent licensing website developed by FMB
FMB Presidential Team at the National Conference
18 Annual Report 2018–2019 www.fmb.org.uk Head of Membership Services Simon Green presented with Ron Brown Award
FMB Home Builders Group meet PM’s advisors
Chief Executive wins Association Excellence Leadership Award
FMB speaks on panel discussion on Brexit
Launch of House Builders’ Survey
BBC Radio 4’s Sarah Montague chairs British Building Conference
www.fmb.org.uk Annual Report 2018–2019 19 FMB speaks alongside the Chancellor at the Conservative Party Conference
Shadow Chancellor addresses FMB ‘Licence to build’ report launch
FMB visits Brussels for meetings with policy makers
FMB interviewed on Victoria Derbyshire show
Team building sports day at the FMB Staff Conference
20 Annual Report 2018–2019 www.fmb.org.uk National President and his wife at the National Conference in their 70s finery
CEO of CITB meets FMB Scotland Board
Shadow Business Secretary speaks at joint FMB Labour Party Conference
FMB Scotland meets Neil Bibby MSP about licensing FMB Scotland meets John Swinney MSP
FMB organises meeting with Construction Minister and Master Builder firm Gateville
www.fmb.org.uk Annual Report 2018–2019 21 Financial statements for year ending 31st December 2018 FEDERATION OF MASTER BUILDERS LIMITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31st DECEMBER 2018 (A Company Limited by Guarantee) Registered number: 00368163
2018 2017 £ £
Fixed assets Intangible assets 795,656 425,032 Tangible assets 5,165,973 4,931,295 Investments 2,426,236 2,335,825
8,387,865 7,692,152 Current assets Debtors: amounts falling due within one year 658,005 582,361
Cash at bank and in hand 1,373,698 2,240,533
2,031,703 2,822,894
Creditors: amounts falling due within one year (1,874,981) (1,928,785)
Net current assets 156,722 894,109
Total assets less current liabilities 8,544,587 8,586,261
Provisions for liabilities
Deferred taxation (290,323) (296,609) (290,323) (296,609)
Net assets 8,254,264 8,289,652
Capital and reserves
Profit and loss account 5,973,894 6,158,644 Revaluation reserve 2,280,370 2,131,008
8,254,264 8,289,652
The financial statements were approved and authorised for issue by the board and were signed on its behalf by A McArdle Director
22 Annual Report 2018–2019 FEDERATION OF MASTER BUILDERS LIMITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31st DECEMBER 2018
2018 2017 31-Dec-18 31-Dec-17 £ £
Fixed assets £ £ Intangible assets 795,656 425,032 REVENUE 5,177,050 4,861,477 Tangible assets 5,165,973 4,931,295 Investments 2,426,236 2,335,825 COST OF SALES (833,556) (877,175
8,387,865 7,692,152 GROSS PROFIT 4,343,494 3,984,302 Current assets
Debtors: amounts falling due within one year 658,005 582,361 ADMINISTRATIVE EXPENSES
Cash at bank and in hand 1,373,698 2,240,533 Total Admin Expenses (4,818,034) (4,349,609)
2,031,703 2,822,894 OPERATING LOSS (474,540) (365,307)
Creditors: amounts falling due within one year (1,874,981) (1,928,785)
Income from other fixed asset investments 205,734 201,490 Net current assets 156,722 894,109 Interest receivable and similar income 5,359 170
Total assets less current liabilities 8,544,587 8,586,261 Interest payable and expenses - - Provisions for liabilities Dividends received from group components - - Deferred taxation (290,323) (296,609) (290,323) (296,609) Unrealised surplus on revaluation of fixed asset investments 72,411 194,447
Net assets 8,254,264 8,289,652 Profit before tax (191,036) 30,800 Capital and reserves
Profit and loss account 5,973,894 6,158,644 Tax on profit - - Revaluation reserve 2,280,370 2,131,008 Profit for the year (184,750) 30,800 8,254,264 8,289,652
Other comprehensive income
Unrealised surplus on revaluation of tangible fixed assets 149,362 211,683
Total comprehensive income for the year (35,388) 242,483
N.B. The full financial statements that this extract has been taken from have been audited
Annual Report 2018–2019 23 About the Federation of Master Builders
The Federation of Master Builders (FMB) is the largest trade association in the UK construction industry representing thousands of firms in England, Scotland, Wales and Northern Ireland. Established in 1941 to protect the interests of small and medium-sized (SME) construction firms, the FMB is independent and non-profit making, lobbying for members’ interests at both the local and national level. The FMB is a source of knowledge, professional advice and support for its members, providing a range of modern and relevant services to help them succeed. The FMB is committed to raising quality in the construction industry and offers a free service to consumers called ‘Find a Builder’.
For further information about the FMB, visit www.fmb.org.uk
For further information about the FMB 2018-2019 Annual Report, email [email protected] or call 020 7025 2947.
@fmbuilders
@federationofmasterbuilders
Federation of Master Builders
20.09.19