Charity rngistration number 1016699
Company règistration number 02776194 (England and Wales)
THE INSTITUTE OF PROFESSIONAL SOUND
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE INSTITUTE OF PROFESSIONAL SOUND
LEGAL AND ADMINISTRATIVE INFORMATION
Truste•8
M J Felton
E J Willett
R K Graham
S J Bishop
SMHClark
G Hewis
JPCGough
P Banfield
P Bridges
D Carugo
M Cheffins
T Curry
Secrntary
Mr M Johnson
Charlty number
1016699
Company numbor
02776194
Rogi•terod office
CIO Azats
Carnac Place
Cams Hall Estate
F8r8ham
Hampshire
Unll8d Kin9dom
P018 8UY
Independont •xamln•r
Azets
Cam8c Place
Cams Hall Estate
Fareham
Hampshire
United Kingdom
P016 8UY

THE INSTITUTE OF PROFESSIONAL SOUND
CONTENTS
Page
Trustee8' report
statement of trustees, responsibllltles
Independent 8xaminerfs report
Statement of financial activities
Balance sheet
Noles to the financial statements
8-13

THE INSTITUTE OF PROFESSIONAL SOUND
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report and financial statements for the year ended 31 March 2025.
The trustees are also directors of the chanty for the purposes of the Companles Act 2006. The trustees, report
contains a dire¢tors' report as required by company law.
The financial statements have been prepared in accordance wlth the accounting poli¢les set out in note 1 to th8
financial statements and comply with thè charity's governing document, the Companies Act 2006 and Accounting
and Reporting by Charities.. Statement of Recommended Practlce applicable to charities preparing their accounts In
accordance with th8 Finan¢lal Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102> (effective
1 January 2019).
ObJectlve8 and actlvltle8
The charlty's objects are to promote the widest understanding of professlonal audio in all Its contexts and to
promote the cultural and education81 benefits resultlng from producing sound of high technlcal and artistic quallty,. In
particul8r, by encouraging th8 maintenance of the highest professional standards among sound operalDns
personnel, securing improvements in the art and technlque of operational sound resuttlng In such cuttural and
edurational benefits, promotlng and publishing Ihe relevant result5 of experiment and research dgslgn8d to secure
such improv8m8nt8, and provldlng a forum for the exchange of Infomatlon,
The trustees have pald due regard to guidance Issued by the ChaTIty Commission in deciding what actlvltles the
charity should undertake.
In performing our activities we have consldered the Chaiity Commission's general guidance on publlc benefft per
our duly Outllned in s17(5) of the Charities Act 2011.
Slgnlflcant actlvltJè8
Genaral activitie8 mainlained. The focus this year has been on 8UPPOrt for members and Increased fund rai3lng
and support events.
Achlevement• and p•rformanc•
Membership of the IPS..
The membership is drawn prlmarlly from audio professionals working in operational posls within the UK audio
Industry and relaled professional audio fields. There are a number of members from Europe and the rest of the
world who Share the Same aims and ideals as thos8 members in the UK.
The IPS has three main categories of member - Full. Affiliate and Studenl. The category of Affiliele also caters for
those In related industries, for example, manufacturing and further educatlon establishments who have expressed
an interest in the work of the IPS and wish to be associated with it. student members are those who are still
receiving fonnal educatlon on a full-time course or other relevant studies.
From the foregolng It wlll be seen that membership of the IPS is open initially to a wide group of individuals with a
common interest in audio. Much of what IPS produces Is also available to the publlc through the website and
publications.
Funding of the IPS..
The primary source of funding for the organisation Ss by annual subscription. There is an additiijnal Sour￿ of
income provided by commer¢lal ¢ompanie5 who wish to be associated with the activities of the IPS and have
become Sponsor Companies of the Institute.

THE INSTITUTE OF PROFESSIONAL SOUND
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financial revlew
Financial posltion
The trustees are pleased with the progress achieved in reviewing its financial posttion and implementing changes to
its operational focus. Finances and activities are regularly monitored and sufficient reserves held to cover short
term needs.
Throughout the year under review the IPS has been able to maintain a very positive financial position, with a healthy
bank balance, that gives security for the continued activities of the Institute.
Following on from the progress made last year with more member's meetings, this past year has seen an increase
in bolh the number of meetings plus fresh opportunities for visits to places of interest for the membership and their
guests. While this has often incurred more expenditure these activities have none the less has been funded from
within the institute's resources.
A number of successful members. meetings were held throughout the year, in various locations, affording the
members good ne￿rkIng opportunities as well as the benefit of hearing presentstions at first hand.
This past year has seen an increase in the °churn" within the membership. IAlhile the overall numbers have
remained fairly static wtth new younger members replacing departing older long-time members, what has been
noticed is a number of members pausing their subscriptions due to constrained financial circumstances.
This is a reflection of the general situation throughout the media industry with budget constraints within the
commissioning companies leading to much reduced employment opportunities for the IPS members.
Again. the IPS was able to hold another of its popular one-day Pro Audio shows in November which have now
become a fixture in the professional audio calendar.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to a minimum of ￿e1ve month's expenditure. The trustees consider that reserves at
this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charty's
current activities while consideration is given to ways in which additional funds may be raised. This level of resenies
has been maintained throughout the year.
The amount of funds the charty holds at 31 March 2025 is £72,929.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems a￿ in
place to mitigate exposure to the major risks.
structure, governance and management
The charity is a company limited by guarantee as defined by the Companies Act 2006. It is controlled by its
governing document, a deed of trust.
The original deed was dated January 1993 and was updated inApril 2018.
During the year the Executive Committee of the IPS took the decision to duplicate a number of the Officer roles
within the committee, e.g. appointing two chairmen, two vice chairmen, and two treasurers. This is to enable the
Executive Committee meetings to satisfy the condition laid down in the M&A's that requires two officers to be
present for the meeting.
Now the monthly Executive Committee meetings can be quorate and not have to rely on specific individuals to
always attend as Officers for the meetings to be quorate.

THE INSTITUTE OF PROFESSIONAL SOUND
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial statements were:
M J Felton
E J Wllett
R K Graham
S J Bishop
C M Macnab
SMHClark
G Hewis
JPCGough
P Banfield
P Bridges
D Carugo
M Chefflns
T Curry
(Resigned 11 June 2024)
Any person who is a Full Member of the Institute and Is wllllng to act as an Executive Committee member, and is
p8rmltt8d by law to do 80, may be appointed to the Executive Committee-
(a) by ordinary resolution passed at the Annual General Meeting of the Institute or
(b) by a declslon (invllation) of the exlstlng Ex6cutlve Commilee.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and
guarantee to contribute £1 in the event of a windlng up.
The Commlttee may from tlme to tlme, and at any tlm8, C(￿pt any Full Member of the Institute as a member of the
Executive Committeè, èither to fill a casual vacancy or by way of addition to the Executive Committee, provided that
there shall not be more than 10 Co-opted members of tha Execuliv6 Committee at any one time. Any member so
appointed shall retain their offica only until the next Annual General Meeting, bul they shall then be ell9lbla for
election.
No person who Is not a Full Member of the Institute 8hall In any clrcumytances be eligible to hold Offi￿ as a
member of th8 Executive Committee.
The Executlve Commlttee shall, from their number. appoint the officers of the Institute as they see rrt.
The IPS 18 govemed by its Memorandum and Articles of Association which sets out the agenda for the trustees.
The trustees are all members of the Executive Committee of the IPS led by thelr Chaimian. All the N*mbers of the
Executive Commlttee (ECI are drawn from the membership of the organisation and are elected annually at the AGM
by the membership, as laid down in the Memorandum and Articles ofAssociatlon.
AII EC m8mbers and thelr Chalrman operate in a pur81y volunlary manner without financlal reward, save for the
reimbursement of reasonable expenses incurred in the perfomiance of their dutles for the Committee. The daity
admlnlstratlon of the organisation In undertaken by the Secretariat, currently one individual working on a part-time
basis, for which he is remunerated accordingly.
The trustees, r
port W8s approved by the Board of Trustees.
Mr M Johns
Secretary
Date..

THE INSTITUTE OF PROFESSIONAL SOUND
STATEMENT OF TRUSTEES, RESPONSIBILrriES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees. who are also the directors of The Institute of Professional Sound for the purpose of company law, ar8
responsible for preparing the Trustees, Report and the finanaal statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally A¢￿pted Accounting Practice).
Company Law requires the trustees to prepare financial slatements for each financial year which glve a true and fair
view of the state of affairs of the ¢harity and of the incoming r880ur¢es and application of resources. including the
income and expenditure, of the charitable company for that year.
In preparing these flnanclal stalements, the trustees are required to..
select suitable accounting poli¢ie8 and then apply them consistently-
observe the methods and principles In the Charities SORP.,
make judgements and estimates that are reasonabla and prudent., and
prepare the financial statements on the golng conc8m basis unless it is inappropriate to pre8urr¢ that th8 charity
will continue in operallon,
The tru51ee5 are responslble for keeping adequate accounting records that dlsclose with reasonable accuracy at
any tim8 the financial position of the charity and enable them lo ensure Ihat the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the as5et8 of the ¢harily and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

THE INSTITUTE OF PROFESSIONAL SOUND
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE INSTITUTE OF PROFESSIONAL SOUND
I report to thÉ trustees on my examination of the finandal statements of The Institute of Professional Sound
(the tharity) for the year ended 31 March 2025.
Responslbllltles and basls of report
As the trustees of the charity (and also its dir8Ctors for the purposes of company law) you are responsible for
the preparation of the financial stal8m6nls in accordance with th8 requlremenls of the Companiès Act 2006
(the 2006 Act).
Having satisfied myself that the financial statem8nts of th8 charity are not required to be audited under Part 18
of the 2006 Act and are eligib18 for independent examination, I report In respect of my examination of the
charity's financial statement6 carried out under sedlon 145 of the Charities Act 2011 (the 2011 Act). In carrying
out my examination I have followed all the applicable Directions given by th8 Charity Commission under
section 145(5)(b) of the 2011 Act,
Indep•nd8nt oxamlnerfl statsmont
I have completed my examlnatlon. I confimi thal no matters have come to my attention In connection with the
examination giving me Cause to believe that in any material respect:
accounting records were not kept in respect of the charity as ￿qUIred by s8Ctlon 386 of the 2006 Act- or
the financial statemenls do not accord wlth those records., or
the financlal stat8m8nts do not comply with the accounting requlrements of section 396 of the 2006 Act
other than any requiremenl that the accounts give a true and fair view which 18 not a matter considered as
part of an Independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommend8d Practice for accounting and reportlng by charities applicable to charltles
preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and
Republ1¢ of Ireland IFRS 102).
I have no concerns and have oome acro88 no other matters In connectlon with the 8xamlnatlon to whlch
attention should be drawn in this report order to enable a proper understanding of the financial $tatement$ to
be reached.
Richard Hutchinson- FCCA
Azets
Cama¢ Pla
Cams Hall Estate
Fareham
Hampshire
P016 8UY
United Kingdom
Datod.. ..(....￿￿.￿.y.j￿..

THE INSTITUTE OF PROFESSIONAL SOUND
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Unrestricted
funds
lund8
2025
2024
Notes
Donations and18gacies
Charitable activities
Investmants
50,462
19,052
1,310
47,534
39,213
1,475
Total Income
70,824
88,222
Ralsing funds
271
554
Charitable activities
62,869
95,733
Total expondlture
63,140
96,287
Net Incomo1{oxpendlturo) for the yearl
Net movement In funds
7,884
(8,065)
Fund balances at 1 April 2024
65,245
73,310
Fund balances at 31 March 2025
72,929
85,245
The statement of financial actlvltles Includes all gains and losses recognlsed in the year.
All income and expenditure dedve from continuing actiwties.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Compani6sAct 2006.

THE INSTITUTE OF PROFESSIONAL SOUND
BALANCE SHEET
AS AT31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
11
433
704
Currnnt asse1•
Debtors
Cash at bank and in hand
12
6,618
88,870
8.352
83,801
75,288
90,153
Credltors: amounts f•lllng due wlthln
one year
13
(2,790)
(25,612)
Nèt current assets
72,496
64,541
Totsi a88•ts l•ss current Ilablllti••
72,929
65.245
In¢omg fund•
Unrestricted funds
72,929
65,245
72,929
65,245
The company is entrtled to the exemption from the audit requlrement containad in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The directors acknowledge their responslbiliti6s for complying with the requirements of the Compa1￿8S Act 2006
with respect to accounting records and th8 p￿paratIon of financlal statements.
The members have nol requlred the company to obtaln an audlt of Its flnancial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companles regime.
The financial statements were approved by the Trustees on .........
LS
S J Bishop
Tru$te6
SMHClark
Trustee
Company roglstration number 02776194

THE INSTITUTE OF PROFESSIONAL SOUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policlè$
Charfty Infomiatlon
The Institute of Professional Sound is a private company limited by guarantee incorporated in England and
Wales. Th8 registered office is CIO Azets, Carnac Place, Cams Hall Eslate. Fareham, Hampshire. P016 8UY,
Unrted Kingdom.
1.1 A¢countlng convontlon
The financial statements have been prepared in accordance with the charlty's governing document, the
Companies Act 2006 and Accounting and Rèporting by Charitios.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard
applicable in the UK and Republic of Irèland (FRS 102> {6ffective 1 January 2019). The charity is a Public
Benefrt Entity as defined by FRS 102.
Th8 charlty has taken advantage of Ihe provision8 In the SORP for Charities applySng FRS 102 Updats Bulletln
1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which 1$ the functional currency of the charity. Monetary
amoun18 In thèsa financial $latements are rounded to the nearest £.
The financlal statements contain information about The Insts'tut8 of Professional Sound a8 an Individual
company.
Thè financial statements have been prepared under the historical cost conventlon. The princlpal accountino
policies adopted are set out below.
1.2 Golng concern
At the time of approvlng the llnanclal statement8, the trustees have a rea80nable oxpoctation that the charlty
has adequate resources to continue in operational exlstence for the foreseeable future. Thus the trustees
continue to adopt the going concern basls of accounting in preparing the financial Statements.
1.3 Charft4bl• funds
Unr8Stri¢ted funds are available for use at the discretion of Ihe Irustees In furtherance of théir charitable
objectiV88.
Restricted funds can only b8 used for particular restricted purposes within the objects of the charlty.
restrlctlons arise when specrfied by the donor or when funds are raised for partlcular restrbcted purpos8S.
The charlty does not have any restricted funds at the balanc8 sheet date.
Restricted funds are subject lo Specif￿ conditions by donors as lo how they may be used. The purposes and
uses of the restricted funds are sel oul in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capit81 musl be malntained by the
charity.
1A Income
Income is recognised wh8n th8 charity is legally entitled to It after any performance conditions have been met.
th8 amounts ¢an be measured reliably, and It is probable that income will be roceived.
Income is the amounts derived from the provision of goods and seryices.

THE INSTITUTE OF PROFESSIONAL SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
AGGountlng policie8
(Conllnued)
1.5 Expendlture
Liabilitles are recognised as expenditure as soon as thère is 8 legal or constNctive obligation committing the
charity to that expenditure, it is probable that a transfer of economic ben8fft8 will be required in settlement and
the amount of the obligation can be mèasured reliably. Expenditure is accounted for on an accruals basis and
has been dassified under headings that aggregate all costs related to the category. ￿8r6 ￿sts cannol be
diredly attributed to particular headings they have been allocated to activities on a basis consistent with Ihe
use of resources.
1.6 Tanglble fixad a880ts
Tangible fixed assets are initially measured at Cost and subsequently measured at cost or valuation, net of
depreciation and any Impairment Ioss8S.
The assets. residual values, us6ful lives and depreciation methods are reviewed and adjusted prosFectively if
appropriate.
Depre¢iatlon Is recognlsed so as to wrlta off tha cost or valuation of assets less thelr resldual valuès over thelr
useful livas on the following bases:
Fixtures and fittings
20 . 33•A on cost
The galn or loss arising on the disposal of an asset is d8t8miined as the difference betsveen the sale proceeds
and the carrying value of the asset, and is recognised In the statement of financial actlvltles.
1.7 Impalrni•nt of fixod a•sets
At each reporting end date. the charity reviews the carrying amounts of its tanglble assets to d8termin8
whether th8r8 Is any indication that those assets have suffered an impairment loss. If 8ny such indication
exists, the recoverable amount of the asset is estimated In order to determine the extent of the impalrm6nt
1088 (rf any).
1.8 Cash and ¢48h oqulvalents
Cash and cash equivafents Includa cash in hand, deposits held at call with banks, other short-t8m liquld
investments with original maturilies of three months or less, and bank overdrafts, Bank overdrafts are shown
within borrowings in ¢urrent Ilabllltles.
1.9 Flnanclal Instruments
The ¢haTity has elected lo apply Ihe provisions of Sectlon 11 'Basic Financial Instruments, and S8Ctlon 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are r8cognlsed in th8 charity's balance sheet when the charty becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented In the financial statements, when
there is 8 legally enforceable right to set off the recognised amounts and there is an Intention to settle on a net
basis or to realise the asset and settle the liabilty simultaneously.
Basi¢ financial assets
Basic financial assels, which include debtors and cash and bank balances. are initially measured at
transaction price induding transaction costs and are subsequently carried at amortised cosl uslng Ihe effeclive
interest method unless the aThangement constitutes a financing transaction. where the transaction is
measured at the present value of the future receipts discounted at a market rate of intsr8st. Finanaal assets
dassrfied as recEivable within one year are not amortised.

THE INSTITUTE OF PROFESSIONAL SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Ac,countlng pollcla8
{Continued)
Baslc financlal Ilabllllles
Basic financial liabilities, including creditors are inltlally recognised at transaction price unless the
arrangement constitutes a financing transaclion, where the debt instrument is measured at the présent value
of the future payments discounted at a market rate of interest. Financial liabilities classrfied as payable within
one year are nol amortised.
1.10 Taxatlon
The charity is exempt from corporation tax on its charliable activities.
Donations and legacies
Unre¥trictèd Unr•strlcted
funds
fund$
2025
2024
Membership fees
50,462
47,534
Charllab
*ctlvllle¥
Ev•nt Incomo
TotAI
2025
Evfrnt Incom•
Total
2024
2026
2025
2024
2024
Sales within
haritable actlvities
Other income
15,802
15,802
3,250
35,463
35.463
3,750
3,250
3,750
3.250
15,802
19,052
3,750
35.463
39,213
10-

THE INSTITUTE OF PROFESSIONAL SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charltablo
ctiviti88
(Continued)
Investmont8
Unrn8trlcted Unr•stricted
funds
funds
2025
2024
Interest r6ceivabla
1,310
1.475
Ralilng funds
Unrostrlctsd Unrostrlcted
fund8
funds
2025
2024
Depreciation and impairment
271
271
Support costs
283
271
554
Charltable actlvltlog
Event ¢o•ts Ev•nt costs
2025
2024
Event costs
15,725
59.657
sha￿ of support costs (See note 7)
Share of govemance costs (see note 7)
43,7C
3.444
33,274
2,802
62.869
95,733
11

THE INSTITUTE OF PROFESSIONAL SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs
Support Governance
costs
costs
2025
Support Govornance
costs
costs
2024
M88tlng8
Executive committee
Business seniices
Telephone and postage
Website and email r￿St$
Exhibitions and
promotional
Bank Gharges
Insurance
Subsulptlons
8,748
1,450
22.237
1,648
2.606
8,746
1,450
22,237
1,646
2,6C6
1,197
2,712
17.628
1,581
2,851
1,197
2,712
17,628
1,581
2,851
5,071
144
5,071
144
5,352
5.352
154
283
1,800
283
1,800
1,800
1.800
Accountancy fees
3,444
2,802
2,802
43,700
3,444
47,144
33,558
2,802
36,360
Analysed be￿een
Trading
Charitable activities
283
33,275
283
36,077
43,700
47,144
2,802
43.700
47,144
33,558
2,802
36,360
Governance costs Includes payments for Independent examinatlon fees of £500 <2024- £400).
TrustO08
None of the trustees (or any persons conneded wlth them) recelved any remuneratlon or benefits from the
charity during the year.
Employ•••
The average monthly number of employees during the year wa5:
2025
Numbor
2024
Number
13
13
There were no employees whose annual remuneration was more than £60,C(10.
10 Taxation
The charity 1$ exempt from tax on income and gains falling Wbthin section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to ts charitable objects.
12-

THE INSTITUTE OF PROFESSIONAL SOUND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Tanglble flxed assets
Flxturo• and flttlngl
Cost
At 1 April 2024
1,138
At 31 March 2025
1,138
Depreclatlon and Impalrni•nt
At 1 April 2024
Depreciation charged In the year
434
271
At 31 March 2025
705
At 31 March 2025
433
At 31 March 2024
704
12 Dobtors
2026
2024
Amounts falllng due wlthln one y•ar:
Prepayments and accrued income
6,616
6,352
13 Croditorn: amounts falling duo wlthln one year
2025
2024
Trade credltors
Accruals and deferred incom8
20,521
5.091
2,790
2,790
25,612
14 Related party tran8action8
There were no disclosable related party transactions during the year {2024- none).
13-