Incorporated Association Of Organists(The)

	Page
Trustees' Report	1—5
Independent Examiner's Report	6
Statement of Financial Activities (including Income and Expenditure Account)	7
Balance Sheet	8
Notes to the Financial Statements	9—15
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure Account)	16—17

The trustees present their report and the financial statements for the year ended 31 December 2025.

Objectives and Activities

Aims and Objectives

The principal objective of the Association, as stated in the Articles of Association, is to "promote any charitable purpose to advance the education of the public in the art of music, with special reference to liturgical and organ music". In practice, this is interpreted as encouraging and assisting organists and choir trainers at all levels of competence to improve their standard of performance and to encourage non-players in the appreciation of the organ and participation in its music.

Public benefit - The Trustees have had due regard to the guidance published by the Charity Commission on public benefit.

The Association’s objectives are achieved both centrally and through some 80 affiliated associations, each with its own programme of educational and other events. The annual subscription paid by members to their local associations includes an affiliation fee payable to the Association. All members of affiliated associations are, therefore, associate members of the Association. Some affiliated associations are separately registered as charities. All produce their own annual statements of account which are presented at their local annual general meetings. The Association supports local associations: through the publication of a quarterly journal Organists' Review; by a regional structure enabling groups of associations to promote joint events; and by direct financial and expert support.

The Association invites applications for grants from individuals and institutions which are considered by Council, taking into account the objectives of the Association. It also promotes a biennial Music Festival, consisting of recitals, lectures, master-classes, educational and other activities, publishes a quarterly journal,Organists' Review, and organises the annual London Organ Day as well as regional Organ Days and other local events. It maintains close contact with the Royal College of Organists, the Royal School of Church Music and other organisations with similar aims and objectives. The chief roles of the Association are to guide and facilitate, drawing upon the expertise of its Council for the benefit of its members.

Fuller details of the Association’s activities are included in the General Secretary's Report on Pages 3 & 4.

The Association depends entirely on the services of volunteers: it has no paid employees but pays a General Expense Allowance (the amount approved by Council from time to time) to its Principal Officers so that they are not out of pocket. The allowance is not related to the amount of time given by the Officers to the work of the charity.

Public Benefit

Our main charitable purpose is to advance, improve, and promote the education of the public in the art and science of organ music. We deliver this public benefit by:

Public Events: Organizing free or low-cost organ concerts and educational open-days, ensuring these cultural experiences are accessible to the wider community.

Educational Outreach: Providing subsidized training, masterclasses, and bursaries for young and aspiring organists to develop their musical skills.

The Trustees are confident that these activities provide a clear, identifiable cultural and educational benefit to the public, in line with our governing objectives."

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

The Association supports its charitable aims through: promoting events designed to support its objectives, such as the London Organ Day; grants made to individuals and local associations; co-operative events in association with other charities with similar aims, and through benefits, including central insurance cover for events promoted by affiliated associations. The Association intends to continue and enhance these activities.

Charitable Gifts

The Association made charitable grants totalling £4,748, (2024 £6,725) details of which can be found in Note 7 of the financial statements

Financial Review

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Incorporated Association Of Organists(The)

Trustees' Report (continued)

For The Year Ended 31 December 2025

Reserves Policy

The policy regarding the Accumulated Income Fund is that reserves in the Accumulated Income Fund, excluding designated funds, should eventually contain an amount representing the previous year's combined turnover for the Association and IAO Trading Ltd. As a result of the enforced suspension of activities during the Covid pandemic and a rather slow return to pre-pandemic activity levels reserves have risen considerably above this level. However with the increasing focus on electronic media the Association will need to make substantial investment in new systems to support its activities in the future and this is expected to be met from existing reserves.

The Association administers the Brereton Memorial Fund, incorporating The Agnes Rolph Bequest, which is established as a bursary fund to provide benefits for students and others. The Association also administers the Stanley Vann Scholarship Trust which was established in honour of Dr. Stanley Vann for the endowment of a scholarship, primarily for young musicians who wish to improve their skills in the field of Anglican choir training and direction. Both funds are included in the Association's accounts.

Main Sources of Funding

The Association’s chief sources of revenue are affiliation fees and any surpluses generated by educational events. Income from direct donations, bequests etc. is usually occasional and small.

Structure, Governance and Management

Main Sources of Funding

The Incorporated Association of Organists is constituted as a company limited by guarantee. It was incorporated on 7th October 1929, and registered as a charity on 15th October 1957. It is referred to hereafter as The Association. Its directors are also its trustees and are referred to hereafter as its trustees. The Association's board is titled Council. The Association's registered number at Companies House is 242823 and at the Charity Commission is 269986. It is governed by revised Articles of Association, dated 30th July 2014.

Before appointment, prospective trustees are referred to the appropriate guidance on the Charity Commission's web-site on the duties of trustees: The essential trustee: what you need to know, what you need to do (CC3). Vacancies for officers are advertised in Organists' Review.

The Association has a wholly owned subsidiary, IAO Trading Ltd., registered number 2651929. All distributable profits generated are Gift-aided to the Association. An extract from the financial statements of the subsidiary may be found in Note 5 of the financial statements.

The Trustees are currently up-dating the register of major risks to which the charity could be exposed and the mitigating action required to ameliorate those risks.

Reference and Administrative Details

Trustees

Professor D Saint

Mr C J Morris

Mr P R Evans

Ms C S Cradock (appointed 21/06/2025)

Mr N R Miller

Mr N J Holdsworth

Mr C P Roberts

Mr D A Taylor

Miss A R Evans

Mr E P Shepherd

Mr R M Allen (resigned 21/06/2025)

N P Morris (resigned 21/06/2025)

Company Secretary

Mr D A Taylor

Charity Number

269986

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Incorporated Association Of Organists(The)

Trustees' Report (continued)

For The Year Ended 31 December 2025

Company Number

00242823

Registered Office

2 Gillity Avenue

Walsall

WS5 3PH

Independent Examiner

Deans Chartered Accountants

Deans

Chartered Accountants

Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ

GENERAL SECRETARY’S REPORT AND ANNUAL REVIEW FOR 2025

Membership

Last year saw our total membership nationally remaining fairly stable, the first time for several years when I have not had to report a significant loss of members. Some of our smaller affiliates continue to find it difficult to recruit not only members but also officers to take positions of responsibility. Others have sought a solution to this issue by merging. The latest outcome of such a decision is the West Mercia Friends of the Organ, covering areas of Herefordshire, Shropshire and Worcestershire, which had over a hundred members by the end of the year.

The IAO offers financial incentives to those associations devising schemes that result in the recruitment of a significant number of new members. I would encourage any association with falling membership to consider applying for this, especially those with current membership of under 25, of which there remain several. On the other hand, eight local associations now have over a hundred members and thirty associations reported an increased membership last year (a record in recent years), with two of those reporting a double-figure increase.

New members notified by local associations to the General Secretary receive a letter of welcome, which includes an invitation to request a complimentary copy of Organists’ Review magazine, and their names appear in the magazine. I was able to welcome over seventy new members in this way during the year. Please encourage all those who are interested in organs and organ music to join us, not only those who play the organ.

IAO online

The IAO website (https://iao.org.uk) remains an essential source of information and communication about the organ world and a reference point for our team of nearly seventy affiliated associations throughout the UK. It provides links to the websites of our local associations, several of which still use the web-hosting facility we currently offer, although we are now encouraging affiliates to make their own arrangements for a presence on the internet.

Using the web, email and social media, we are continually looking for ways to attract new members and improve our links with existing members. Our quarterly e-NewsSheet is distributed directly to all members for whom we have an email address and provides a summary of IAO initiatives and events, together with money-saving discount offers (ranging from sheet organ music to new digital organs, as well as event tickets) and other membership benefits. Some Midland associations now have access to IAO-domain email accounts and ‘cloud’ storage, which we have started to offer to those in other regions.

The IAO also makes use of social media feeds such as Facebook and X (formerly Twitter). Our quarterly magazine Organists’ Review has its own Facebook and X accounts, with a strong following in the USA.

IAO London Organ Day 2025

Our London Organ Day was held in March at two venues in Aldgate, St Botolph’s and St George’s German Lutheran church. It included recitals by Daniel Franke, Shanna Hart and William Whitehead, together with discussions about Early Organ Music, how to ensure there are future audiences for organ music, and the historic Walcker organ at St George’s.

IAO Regional Organ Days

In May, an Eastern Region Organ Day took place in Cambridge at the church of Our Lady and the English Martyrs, supported by the IAO with a financial guarantee. The keynote address focussed on the encouragement and training of young people in church music. Later there was an opportunity for those attending to play several organs in the city centre before a recital given by eight different organists representing the constituent association of the region.

The IAO also supports events of the Scottish Federation of Organists with an annual grant.

Education

...CONTINUED

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Incorporated Association Of Organists(The)

Trustees' Report (continued)

For The Year Ended 31 December 2025

Reference and Administrative Details - continued

The IAO supports a number of educational projects and events by offering grants and guarantees against loss to our affiliated associations. Last September, this included financial support for a Heritage Organ Day in Reading attended by over two hundred people, part of the Royal College of Organists’ Play The Organ campaign. Many of our members were involved in introducing young people to the organ through local events during the year in support of this campaign.

Our Stanley Vann Fund awarded a scholarship of £1,000 to Logan Pritchard, a recent graduate of the Royal Birmingham Conservatoire. Our Brereton Fund supported six individuals with grants of £300 each for organ lessons and for attending organ courses, four of whom were aged 16 or younger. A major project to support the music at Wakefield Cathedral was awarded a grant of £1,000.

Organists’ Review magazine showcases educational articles in every edition. These include a regular feature ‘Off the beaten path’, where guest contributors are invited to discuss the finer points of playing a piece of music of their choice that is rarely performed.

Organists’ Review magazine

Following the untimely death of the magazine’s editor, Professor Francis O’Gorman, in the previous year, the magazine has continued to flourish under its new editor, David Pipe. For some time, an issue of great concern for the trustees has been growing difficulties encountered by customers using the e-commerce section of the magazine’s website. The time, expertise and expense needed to maintain this bespoke software system ultimately proved too much for a small charity such as ourselves and a decision was taken to move this part of our activity to a company, SquareSpace, with the necessary expertise and technical support. We are now in the process of ensuring that as many as possible of existing subscribers are able to make a smooth transition to the new system, which offers a much improved online experience for both customers and we who are tasked with managing it.

Conclusion

IAO Council meetings continued to take place both ‘live’ (in Birmingham, Bristol and London) and online during 2025. The Council meets formally four times during the year with a wide variety of matters on the agenda. The principal officers are also in frequent contact between Council meetings via email, telephone and occasionally video. Discussions last year included preparations for our five-day Organ Festival in Bristol during July 2026 and the necessary updating of the Organists’ Review website. The officers of each local association continue to be updated by email about Council’s discussions and decisions.

Management costs are kept at a relatively low level, principally because almost all the work of the charity is carried out on a voluntary basis. The IAO also acknowledges the huge debt it owes to the groups of people all over the country who are willing to offer their time and talents so unreservedly to support the IAO and its affiliated associations at a local level. I thank each one of them most sincerely for their efforts.

Alan Taylor,

General Secretary

30 April 2026

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Incorporated Association Of Organists(The)

Trustees' Report (continued)

For The Year Ended 31 December 2025

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Incorporated Association Of Organists(The) for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

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

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr P R Evans

Trustee

27 July 2026

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Incorporated Association Of Organists(The)

Independent Examiner's Report to the Trustees of Incorporated Association Of Organists(The)

For The Year Ended 31 December 2025

Independent Examiner's Report to the Trustees of Incorporated Association Of Organists(The)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Deans Chartered Accountants

7 September 2026

Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ

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Incorporated Association Of Organists(The)

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 December 2025

Statement of Financial Activities (including Income and Expenditure Account)

		2025	2024
		Unrestricted funds	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	14,410	14,567
Charitable activities:
Music Festival		1,980	15,317
Organ Days		1,903	4,933
Other trading activities	4	550	3,412
Investments	5	4,176	4,209

		23,019	42,438

EXPENDITURE ON:
Raising funds	6	(7,120 )	(3 )
Charitable activities:	6
Music Festival		(209 )	(19,971 )
Organ Days		(3,451 )	(6,247 )
Grants		(4,748 )	(6,725 )
Other		(9,183 )	(10,698 )

		(24,711 )	(43,644 )

NET EXPENDITURE BEFORE INVESTMENT LOSSES		(1,692)	(1,206)
Net losses on investments		(1,351 )	-

NET EXPENDITURE		(3,043 )	(1,206 )


NET MOVEMENT IN FUNDS		(3,043 )	(1,206 )
RECONCILIATION OF FUNDS:
Total funds brought forward		174,244	175,450

TOTAL FUNDS CARRIED FORWARD	14	171,201	174,244

The notes on pages 9 to 15 form part of these financial statements.

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Incorporated Association Of Organists(The)

Balance Sheet

As At 31 December 2025

Balance Sheet

		2025	2024
		Unrestricted funds	Total funds
	Notes	£	£
FIXED ASSETS
Investments	11	59,946	61,298

		59,946	61,298
CURRENT ASSETS
Debtors	12	21,660	20,733
Cash at bank and in hand		92,788	92,213

		114,448	112,946
Creditors: Amounts Falling Due Within One Year	13	(3,193 )	-

NET CURRENT ASSETS (LIABILITIES)		111,255	112,946

TOTAL ASSETS LESS CURRENT LIABILITIES		171,201	174,244

NET ASSETS		171,201	174,244

FUNDS OF THE CHARITY
Unrestricted Funds		171,201	174,244

TOTAL FUNDS	14	171,201	174,244

For the year ending 31 December 2025 the charitable company was entitled to exemption from audit 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 trustees 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 in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr P R Evans

Trustee

27 July 2026

The notes on pages 9 to 15 form part of these financial statements.

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Incorporated Association Of Organists(The)

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Incorporated Association Of Organists(The) is a company limited by guarantee, incorporated in England & Wales, registered number 00242823 and registered charity number 269986 . The registered office is 2 Gillity Avenue, Walsall, WS5 3PH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d).

2.3. Exemption From Preparing Consolidated Financial Statements

The charitable company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the charitable company as an individual entity and not about its group.

2.4. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.

2.5. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.

Restricted funds are to be used for specific purposes as laid down by the donor.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.6. Incoming Resources

Income is recognised when: the Association has entitlement to the funds; any performance conditions attached to the item(s) of income have been met; it is probable that the income will be received; and the amount can be measured reliably.

Income received from Organ Days is recognised when the event is held. Where this is received in advance it is deferred until the event takes place.

Income from the government, other grants, whether capital or revenue grants, and voluntary donations are recognised when the Association has entitlement to the funds; any performance conditions attached to the grants have been met; it is probable that the income will be received; and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the Association is aware that probate has been granted; the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made; or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Association has been notified of the executor's intention to make a distribution. Where legacies have been notified to the Association, or the Association is aware of the granting of probate, and the criteria for income recognition have been met, then the legacy is treated as a contingent asset and disclosed if material.

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Incorporated Association Of Organists(The)

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Resources Expended

Expenditure is recognised: once there is a legal or constructive obligation to make a payment to a third party; it is probable that settlement will be required; and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Expenditure is allocated to particular activities where the cost relates directly to that activity. In addition, a portion of the costs of general direction and administration of the Association, comprising the governance and support costs of the charity, is allocated to Charitable Activities.

2.8. Investments

Surplus funds are investmented with CCLA in a COIF Charities Ethical Investment Fund. These are shown in the Balance Sheet at their market value, revalued each year.

2.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Donations and gifts	14,410	14,567

4. Income from Other Trading Activities

	2025	2024
	Unrestricted funds	Unrestricted funds
	£	£
Sponsorships	550	3,412

5. Investment Income

	2025	2024
	Unrestricted	Unrestricted
	funds	funds
	£	£
Interest on short-term deposits	4,176	4,209

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Incorporated Association Of Organists(The)

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Analysis of Expenditure

				2025
	Activities undertaken directly	Grant funding of activities (see note 7 )	Support costs (see note 8 )	Total
	£	£	£	£
Raising funds	-	-	7,120	7,120
Organ Days	3,451	-	-	3,451
Music Festival	209	-	-	209
Grants	-	4,748	-	4,748
Other	-	-	9,183	9,183

	3,660	4,748	16,303	24,711

				2024
	Activities undertaken directly	Grant funding of activities (see note 7 )	Support costs (see note 8 )	Total
	£	£	£	£
Raising funds	-	-	3	3
Organ Days	6,247	-	-	6,247
Music Festival	19,971	-	-	19,971
Grants	-	6,725	-	6,725
Other	-	-	10,698	10,698

	26,218	6,725	10,701	43,644

7. Grants Payable

			2025
	Grants to	Grants to
	Institutions	Individuals	Total
	£	£	£
Grants	2,628	2,120	4,748

			2024
	Grants to	Grants to
	Institutions	Individuals	Total
	£	£	£
Grants	3,225	3,500	6,725

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Incorporated Association Of Organists(The)

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Grants paid to institutions, included above, are as follows:

	2025	2024
	£	£
Diocese of Leeds	-	2,000
Exeter Organists Association	-	300
Oxford Organists Association	-	145
Scottish Federation of Organists	828	780
Wakefield Cathedral	1,000	-
Halifax District	500	-
Berkshire Organists Association	300	-

	2,628	3,225

8. Support Costs

			2025
	Raising funds	Other	Total
	£	£	£
General administration	7,120	5,598	12,718
Governance costs	-	3,585	3,585

	7,120	9,183	16,303

			2024
	Raising funds	Other	Total
	£	£	£
General administration	3	7,010	7,013
Governance costs	-	3,688	3,688

	3	10,698	10,701

9. Independent Examiner's Remuneration

	2025	2024
	£	£
Independent examination of the financial statements	1,400	1,020

10. Average Number of Employees

Average number of employees (including Directors) during the year was: 12 (2024: 7)

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Incorporated Association Of Organists(The)

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	7,502	53,796	61,298
Revaluations	-	(1,352 )	(1,352 )

As at 31 December 2025	7,502	52,444	59,946

Provision
As at 1 January 2025	-	-	-

As at 31 December 2025	-	-	-

Net Book Value
As at 31 December 2025	7,502	52,444	59,946

As at 1 January 2025	7,502	53,796	61,298

Subsidiaries

Details of the charitable company's subsidiaries as at 31 December 2025 are as follows:

Name of undertaking	Registered Office	Class of shares held	Direct holding	Indirect holding
IAO Trading Ltd	2 Gillity Ave, Walsall, UK	Ordinary	100.00%	-

The aggregate capital and reserves and the result for the year of the subsidiaries listed above was as follows:

	Capital and Reserves	Profit/(loss)
	£	£
IAO Trading Ltd	(19,957 )	(12,302 )

12. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	18,818	20,218
Other debtors	2,842	515

	21,660	20,733

13. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Accruals and deferred income	3,193	-

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Incorporated Association Of Organists(The)

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

14. Movement in Funds

	As at 1 January 2025	Income	Expenditure	As at 31 December 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	128,177	22,116	(23,222 )	127,071
Designated:
Brereton Bursary Fund	18,489	632	(2,420)	16,701
Stanley Vann Scholarship Fund	23,151	230	(420)	22,961
Shrewsbury	4,427	41	-	4,468

	46,067	903	(2,840 )	44,130


Total unrestricted funds	174,244	23,019	(26,062 )	171,201




Total funds	174,244	23,019	(26,062 )	171,201

	As at 1 January 2024	Income	Expenditure	As at 31 December 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	125,503	41,661	(38,987 )	128,177
Designated:
Brereton Bursary Fund	21,645	501	(3,657)	18,489
Stanley Vann Scholarship Fund	23,914	237	(1,000)	23,151
Shrewsbury	4,388	39	-	4,427

	49,947	777	(4,657 )	46,067


Total unrestricted funds	175,450	42,438	(43,644 )	174,244




Total funds	175,450	42,438	(43,644 )	174,244

15. Transactions with Trustees

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

	2025	2024
	£	£
Other Expenses	1,410	4,315

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Incorporated Association Of Organists(The)

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

16. Related Party Disclosures

The charitable company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

There have been no related party transactions in the reporting period that require disclosure, (except for those disclosed in the Transactions with Trustees note).

17. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Full members of the Association of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

The Trustees are full members of the Association but this entitles them only to voting rights and they have no beneficial interest in the Association.

The total number of full members at 31st December 2025 was 3790 (2024: 3534).

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Incorporated Association Of Organists(The)

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 December 2025

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	2025	2024
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies

Donations and gifts	14,410	14,567

	14,410	14,567

Charitable Activities:
Organ Days
Events	1,903	4,933

	1,903	4,933
Music Festival
Events	1,980	15,317

	1,980	15,317
Other trading activities

Sponsorships	550	3,412

	550	3,412

Investments

Interest on short term deposits	4,176	4,209

	4,176	4,209


	23,019	42,438
EXPENDITURE ON:
Raising funds
Website costs	(5,485)	-
Bank charges	(357)	(3)
Sundry expenses	(1,278)	-

	(7,120)	(3)
Charitable Activities:
Organ Days
Staging fundraising events	(2,451)	(5,547)
Hire and leasing of other assets	(1,000)	(700)

	(3,451)	(6,247)
Music Festival
Staging fundraising events	(209)	(19,971)

	(209)	(19,971)
Grants
Grants to institutions	(2,628)	(3,225)
Grants to individuals	(2,120)	(3,500)

	(4,748)	(6,725)
Other
Insurance	(2,678)	(2,296)
Sundry expenses	(2,920)	(4,714)

...CONTINUED

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Incorporated Association Of Organists(The)

Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued)

For The Year Ended 31 December 2025

NET EXPENDITURE BEFORE INVESTMENT LOSSES	(1,692)	(1,206)
AGM / board meetings expenses	(876)	-
Independent examiner's fees	(1,400)	(1,020)
Professional fees	(371)	(1,325)
Management fees	(708)	(1,274)
Other governance sundry costs	(230)	(69)

	(9,183)	(10,698)

	(24,711)	(43,644)

Net losses on investments

Deficit on revaluation of investments	(1,351)	-

	(1,351)	-


NET EXPENDITURE	(3,043)	(1,206)

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