The Incorporated Society of Organ Builders

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

The Incorporated Society of Organ Builders

Company Information

 

Directors

M Macdonald FISOB - President D R G Spencer FISOB - Vice President A Macdonald FISOB - Treasurer J A Barnes FISOB P J Barnes FISOB R G Ince FISOB S N Lemmings CISOB

Company secretary

A E Hayden

Registered office

79 The Common Freethorpe Norwich Norfolk NR13 3LX

Accountants

The Hay Group Chartered Certified Accountants Berkeley House Dix's Field Exeter Devon EX1 1PZ

The Incorporated Society of Organ Builders

(Registration number: 00434393)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	596	312
Current assets
Debtors	5	22	25
Cash at bank and in hand		13,048	13,003
		13,070	13,028
Creditors: Amounts falling due within one year	6	(493)	(493)
Net current assets		12,577	12,535
Net assets		13,173	12,847
Reserves
Retained earnings		13,173	12,847
Surplus		13,173	12,847

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the council on 22 September 2025 and signed on its behalf by:
 

.........................................

D R G Spencer FISOB - Vice President
Director

.........................................

A Macdonald FISOB - Treasurer
Director

The Incorporated Society of Organ Builders

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. The company's registered number and registered office address can be found on the company information page.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Income includes subscriptions due for 2023 and received up to the end of the year of the accounts and also those subscriptions received or expected to be received after 31 December 2023 that relate to the year of the accounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment and insignia	20.0% on reducing balance
Website	33.3% on straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from members for subscriptions up to the date of the financial statements.

The Incorporated Society of Organ Builders

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

Trade creditors

Trade creditors are subscriptions and conference costs paid in advance and obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4	Tangible assets

	Website £	Insignia £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	2,700	1,224	548	4,472
Additions	-	-	552	552
At 31 December 2024	2,700	1,224	1,100	5,024
Depreciation
At 1 January 2024	2,580	1,082	498	4,160
Charge for the year	120	28	120	268
At 31 December 2024	2,700	1,110	618	4,428
Carrying amount
At 31 December 2024	-	114	482	596
At 31 December 2023	120	142	50	312

5

Debtors

Current	2024 £	2023 £
Prepayments	22	25
	22	25

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	493	493