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# THE PERSONAL FINANCE SOCIETY

## Company limited by guarantee

## Company Registration Number:
05084125 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 1 January 2024

## End date: 31 December 2024

# THE PERSONAL FINANCE SOCIETY

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# THE PERSONAL FINANCE SOCIETY

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

Professional body for financial advisers and associated or supporting roles. It represents the interests of the public by influencing the technical and behavioural standards of the advice profession, and collaborates with regulators, government, and other interest groups.

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Carla Brown
Michael Crane
Edward Grant
Daniel Williams

The director shown below has held office during the period of
1 January 2024 to 19 December 2024

Elizabeth Bastin

The director shown below has held office during the period of
1 January 2024 to 11 October 2024

Anthony Ward

The directors shown below have held office during the period of
1 January 2024 to 30 September 2024

Neil Buckley
Sarah Howe
Catharine Seddon

The director shown below has held office during the period of
1 January 2024 to 1 June 2024

Christine Elliott

The directors shown below have held office during the period of
30 September 2024 to 31 December 2024

Trevor Edwards
Matthew Hill
Gillian White
Mathew Mallett

The director shown below has held office during the period of
19 September 2024 to 31 December 2024

Christine Elliott

The director shown below has held office during the period of
1 June 2024 to 31 December 2024

Deborah Mitchell

The director shown below has held office during the period of
1 June 2024 to 18 September 2024

Piers White

The director shown below has held office during the period of
1 June 2024 to 19 June 2024

Gillian White

The director shown below has held office during the period of
20 February 2024 to 31 December 2024

Ben Wright

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 July 2025

And signed on behalf of the board by:
Name: Carla Brown
Status: Director

# THE PERSONAL FINANCE SOCIETY

## Profit And Loss Account

for the Period Ended 31 December 2024

| 2024 | 2023
--- | --- | ---
| £ | £
Turnover: | 8,705,000 | 8,633,000
Cost of sales: | ( 10,155,000 ) | ( 8,960,000 )
Gross profit(or loss): | (1,450,000) | (327,000)
Operating profit(or loss): | (1,450,000) | (327,000)
Interest receivable and similar income: | 788,000 | 449,000
Profit(or loss) before tax: | (662,000) | 122,000
Profit(or loss) for the financial year: | (662,000) | 122,000

# THE PERSONAL FINANCE SOCIETY

## Balance sheet

As at 31 December 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: | 3 | 172,000 | 0
Total fixed assets: |  | 172,000 | 0
Current assets
Debtors: | 4 | 7,853,000 | 8,959,000
Cash at bank and in hand: |  | 13,256,000 | 12,802,000
Total current assets: |  | 21,109,000 | 21,761,000
Creditors: amounts falling due within one year: | 5 | ( 2,698,000 ) | ( 2,688,000 )
Net current assets (liabilities): |  | 18,411,000 | 19,073,000
Total assets less current liabilities: |  | 18,583,000 | 19,073,000
Total net assets (liabilities): |  | 18,583,000 | 19,073,000
Members' funds
Profit and loss account: |  | 18,583,000 | 19,073,000
Total members' funds: |  | 18,583,000 | 19,073,000

The notes form part of these financial statements

# THE PERSONAL FINANCE SOCIETY

## Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 July 2025
and signed on behalf of the board by:

Name: Carla Brown
Status: Director

The notes form part of these financial statements

# THE PERSONAL FINANCE SOCIETY

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Other accounting policies

  They include a going concern, revenue, taxation, interest receivable, critical accounting estimates and judgements under accounting policies in Note 1 to the Accounts.

# THE PERSONAL FINANCE SOCIETY

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# THE PERSONAL FINANCE SOCIETY

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 3. Intangible assets

| Goodwill | Other | Total
--- | --- | --- | ---
Cost | £ | £ | £
At 1 January 2024 |  | 0 | 0
Additions |  | 172,000 | 172,000
Disposals |  |  |
Revaluations |  |  |
Transfers |  |  |
At 31 December 2024 |  | 172,000 | 172,000
Amortisation |  |  |
At 1 January 2024 |  | 0 | 0
Charge for year |  |  |
On disposals |  |  |
Other adjustments |  |  |
At 31 December 2024 |  | 0 | 0
Net book value |  |  |
At 31 December 2024 |  | 172,000 | 172,000
At 31 December 2023 |  | 0 | 0

# THE PERSONAL FINANCE SOCIETY

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Debtors

| 2024 | 2023
--- | --- | ---
| £ | £
Trade debtors | 7,853,000 | 8,959,000
Total | 7,853,000 | 8,959,000

# THE PERSONAL FINANCE SOCIETY

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 5. Creditors: amounts falling due within one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Trade creditors | 2,698,000 | 2,688,000
Total | 2,698,000 | 2,688,000