International Association for Safety and Survival Training iXBRL

International Association for Safety and Survival Training

(A company limited by guarantee, not having a share capital)

Directors' Report and Unaudited Financial Statements

for the financial year ended 31 December 2024

International Association for Safety and Survival Training

(A company limited by guarantee, not having a share capital)

DIRECTORS AND OTHER INFORMATION


Directors	Samantha Anne Montes
	Cormac Mac Sweeney
	Naoki Saito
	Nikita Versockis


Company Registration Number	07458300


Registered Office and Business Address	Oceana House
	39-49 Commercial Road
	Southampton
	S015 1GA
	United Kingdom


Accountants	Lewis & Co
	Chartered Accountants
	8 Priory Office Park
	Stillorgan
	Co Dublin
	Ireland

International Association for Safety and Survival Training

(A company limited by guarantee, not having a share capital)

DIRECTORS' REPORT

for the financial year ended 31 December 2024

The directors present their report and the unaudited financial statements for the financial year ended 31 December 2024.

The Company is limited by guarantee not having a share capital.

Directors

The directors who served during the financial year are as follows:

Samantha Anne Montes

Cormac Mac Sweeney

Naoki Saito

Nikita Versockis

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.

In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Samantha Anne Montes

Cormac Mac Sweeney

Director

9 April 2025

International Association for Safety and Survival Training

(A company limited by guarantee, not having a share capital)

CHARTERED ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of International Association for Safety and Survival Training

for the financial year ended 31 December 2024

In accordance with the engagement letter dated 11 January 2022 and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 December 2024 as set out on pages 6 to 9 which comprise the Income Statement, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of International Association for Safety and Survival Training, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the relevant ethical guidance laid down by the Institute of Chartered Accountants in Ireland relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet for the year ended 31 December 2024 your duty to ensure that International Association for Safety and Survival Training has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of International Association for Safety and Survival Training. You consider that International Association for Safety and Survival Training is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of International Association for Safety and Survival Training. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

LEWIS & CO

Chartered Accountants

8 Priory Office Park

Stillorgan

Co Dublin

Ireland

9 April 2025

International Association for Safety and Survival Training

(A company limited by guarantee, not having a share capital)

INCOME STATEMENT

for the financial year ended 31 December 2024

	2024	2023
Notes	£	£

Income	17,851	16,579

Expenditure	(16,852)	(9,600)
	─────────	─────────
Surplus before interest	999	6,979

Interest receivable and similar income	201	417
	─────────	─────────
Surplus for the financial year	1,200	7,396
	─────────	─────────
Total comprehensive income	1,200	7,396
	═════════	═════════

International Association for Safety and Survival Training

(A company limited by guarantee, not having a share capital)

Company Registration Number: 07458300

BALANCE SHEET

as at 31 December 2024

		2024	2023
	Notes	£	£

Current Assets

Debtors

2,000

2,800

Cash and cash equivalents

99,457

97,407

─────────

101,457

100,207

─────────

Creditors: amounts falling due within one year

(1,000)

(950)

─────────

Net Current Assets

100,457

99,257

─────────

Total Assets less Current Liabilities

100,457

99,257

═════════

Reserves

Retained surplus

100,457

99,257

─────────

Members' Funds

100,457

99,257

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

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

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 9 April 2025 and signed on its behalf by



________________________________			________________________________
Samantha Anne Montes			Cormac Mac Sweeney
Director			Director

International Association for Safety and Survival Training

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

General Information

International Association for Safety and Survival Training is a company limited by guarantee incorporated and registered in England. The registered number of the company is 07458300. The registered office of the company is Oceana House, 39-49 Commercial Road, Southampton, S015 1GA, United Kingdom which is also the principal place of business of the company. The advancement of health or saving of lives by the promotion of effective maritime and related safety and survival training and the advancement of education for the public benefit in maritime related safety and survival training. Improving procedures for saving life at sea and encouraging research into these topics, the results of which will be disseminated to the public. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Income

Turnover comprises membership subscriptions.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

The company is a registered charity in England, charity number 1144128, and as a result is exempt from corporation tax.


3.	Debtors	2024	2023
		£	£

	Trade debtors	2,000	2,800
		═════════	═════════

	Trade debtors include a provision for doubtful debts of £2,000 (2023: £0).


4.	Creditors	2024	2023
	Amounts falling due within one year	£	£

	Accruals	1,000	950
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2024.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.

International Association for Safety and Survival Training

(A company limited by guarantee, not having a share capital)

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

DETAILED INCOME STATEMENT

for the financial year ended 31 December 2024

	2024		2023
	£		£

Income

17,851

16,579

─────────

Expenditure

Fees and expenses for conferences

2,132

1,112

Director expenses

6,090

8,211

Computer costs

1,325

355

Donations

500

500

Legal and professional

2,491

Accountancy

1,000

950

Bank charges

114

Unrecoverable subscriptions

1,200

1,200

Doubtful debts

2,000

(2,800)

─────────

16,852

9,600

─────────

Miscellaneous income

Bank interest	201	417
	─────────	─────────

Net surplus	1,200	7,396
	═════════	═════════