THE INSTITUTE OF SCIENCE AND TECHNOLOGY LTD

Company limited by guarantee

Company Registration Number:
00538302 (England and Wales)

Unaudited micro entity accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

THE INSTITUTE OF SCIENCE AND TECHNOLOGY LTD

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Report of the Directors - 4
Income and Expenditure Account - 5
Balance sheet - 6
Footnotes to the Balance Sheet - 8

THE INSTITUTE OF SCIENCE AND TECHNOLOGY LTD

Company limited by guarantee

Company Information

for the Period Ended 31 December 2024




Director: Terence Brian Croft
Joan Lesley Ward
Arthur Nicholas
Michelle Jackson
Registered office: Bank Chambers
St. Petersgate
Market Place
Stockport
England
SK1 1AR
Company Registration Number: 00538302 (England and Wales)

THE INSTITUTE OF SCIENCE AND TECHNOLOGY LTD

Company limited by guarantee

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

The principal activity during the year remained focused on the advancement of science and technology techniques and the promotion and development of the professional standing, efficiency, competency and profile of the technical workforce

Political and charitable donations

None

Company policy on the employment of disabled persons

No staff are directly employed by the Institute, directors provide their services on a voluntary basis and administrative and technical support for the organisation is outsourced

Additional information

Annual accounts for the Institute of Science & Technology (IST) include figures not only for core IST activities (membership and/or professional services) but also monies received on behalf of the UK Science Council in respect of professional registration fees associated with IST members who are also professionally registered with the Science Council. These fees are passed over to the Science Council on an annual basis, so are in effect pass-though revenues. Activities associated with IST core activities remain below the VAT threshold but the organisation is VAT exemption eligible body within the scope of the VAT (Education) Order 1994. Figures quoted within the Balance Sheet include an amount of £8124 which is listed within liabilities and this figure includes fees received on behalf of the Science Council that must be passed onto that organisation during 2025

Directors

The directors shown below have held office during the whole of the period from 01 January 2024 to 31 December 2024
Terence Brian Croft
Joan Lesley Ward
Arthur Nicholas
Michelle Jackson

This report was approved by the board of directors on 2 May 2025
And Signed On Behalf Of The Board By:

Name: Joan Lesley Ward
Status: Director

THE INSTITUTE OF SCIENCE AND TECHNOLOGY LTD

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 31 December 2024


2024
£

2023
£
Turnover 65,049 67,657
Other charges ( 66,239 ) ( 73,370 )
Surplus or (Deficit) for Period ( 1,190 ) ( 5,713 )

THE INSTITUTE OF SCIENCE AND TECHNOLOGY LTD

Company limited by guarantee

Balance sheet

As at 31 December 2024


2024
£

2023
£
Current assets: 23,833 39,155
Creditors: amounts falling due within one year: ( 12,322 )
Net current assets (liabilities): 23,833 26,833
Total assets less current liabilities: 23,833 26,833
Provision for liabilities: ( 8,124 ) ( 9,934 )
Total net assets (liabilities): 15,709 16,899
Reserves: 15,709 16,899

THE INSTITUTE OF SCIENCE AND TECHNOLOGY LTD

Company limited by guarantee

Balance sheet continued

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 of the small companies regime applicable to micro-entities.

This report was approved by the board of directors on 2 May 2025
And Signed On Behalf Of The Board By:

Name: Joan Lesley Ward
Status: Director

The notes form part of these financial statements

THE INSTITUTE OF SCIENCE AND TECHNOLOGY LTD

Company limited by guarantee

Footnotes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Employee Information

    Average number of employees: 0

THE INSTITUTE OF SCIENCE AND TECHNOLOGY LTD

Company limited by guarantee

Footnotes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Off balance sheet disclosure

    No