Ch•rlty rtglstr•tlon number X179558 Comp¥ r•9lstratkn numb•r 02754293 (England and WJle•) The Institutlon Of Analysts & Programmers Annual Report and unaudlted Flnanclal Statements For the year ended 31 May 2024
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Legal and administrative information TrystM• G Fenton EJKeen P B Lynham AJCRevdl Pr••ld•tht Paul Lharn FIAP Regl•t•r•d offlc• Boundary House London W7 2QE ld•pd•t •urnln•r R FCA D)H NanlCh Umlted 17 AIvo5ton Buyness hrk Mlddlewith Road Nantwith CW5 6PF Stsrflng 8)nk Umlted London Frult & Wool exthw I OLNal Square London El 6PW L•gal ad¥lMr• WBW Sdlcttor5 LLP Church House Queen Street TQ12 2QP
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Contents Presldent'5 report Director Gtral'S report Trustees, rep( 5-11 Independent ex4mlnerfs repjrt 12 3tat¢menL of nnonLl41 •LLlvltle 13 8alance sheet 14 Notes to the financlal statements 15-21
THE INSTITUTION OF ANALYSTS & PROGRAMMERS President's report FOR THE YEAR ENDED 31 MAY 2024 Intrndurtl( The IAP has been In existence for over 50 year5 and our current chatbenge is to ensure we can contSnue In the pursult of Its Vfjsl. To athleve th. we wlll wulre new Ideas and certainly new w•ys of v40rklngi with the need for altemative strearns of income and to Increase the role of volunteer5. None of thls wlll be easy. t¥Jt great achlevements are seldom so. Pmject Renalssance is the title of a doDJrnent that Was Set out In 2024 for the Executtve Board of the Thstees. to Identlfy our ambitions together with some background on how these could be athleved. To enable thls project to go foThard we will need to recrult new trnstees wlth the skills and drive necessary to take up thls chjllenge. TrnAtworthln In January 2024 the tIV dTrma 'Mr Bates versus the Post Office- drew wbllt attention to the pllgttt of 5ub-p05tma5ter5 and the t11sastrous results of the poorfy ¢leveloped Horizon system. Indudlng 1055 of Ilft, freedom, dignlty, homes, buneSSes, money and rdatlonshlps. Th15 sltuatk•n ha5 been golng on for vears and many of the vl¢tlms are stlll waiting for Justlce. even though the 9ovemment ha5 earmarked £1.8 bllllon ol tsxpayer5' money in cOmpention. Slmilady. Diesel9ate has been rumbllng on for years. with TV and web rJvert5 conts'nually promptlng affected people to Joln compensatk)n octlon, Js although It has been settled In some terdtorle5, In others Ilncludlng the UK) It is ongoing. Over 11 rnillion vehlcles were affetted and VW were nned Cl blllion by thé EU. It settl•d wlth Gem)an consumers for U30 mdllon, but the final cost to tha VW group Is Ilkdy t¢¢ exceed severnl llIon eun)s. Cm July 19, • global cyber outage hlt tens of thOndS of alr trniener5 and ¢ontlnued to brfng problems In other 5ect¢Jrs over se¥eral day5. It WO5 due to a sofvw•Te update by 9lob41 cybee1ty fimi Crowdstdke. whlch caused problems for some Mlcrosoft systems. Last year In both my Chalrman s Report and ID last yearfs Chdstmas mess•ge, I wrote about trnst - Is hard to earn and easy to lose. The pub16c may now be rn0 aware of the consequences ané the casts of poor-quallty software and vulnÈraNe many aspects of our modem way of livlng can be Impacted. It Is more important than ever that we J5 the IAP persist U) •)ur charftabbe alrn of 'lmprDvlng Softw¥e for Sodety. through the rndLKtion of trusiworthy software. Over 27 yeats ago, I a call to Join the IAP rnl and in june 1997 1 attended my flrst rneetlng. Durtng the years that followed. I had great Sa51aCtIOn In heing govern th¢ IAP and bècame President and then Pre51dent. Durlng that time the IAP has developed drastically - we trnnsmogdfled Into a digital oryanisatk)n. glvlng up our physiul offiw, with our staff and volunteers worklng rernotely. In 2018 we l)ecame a charity, wlth some hard work put In by our execytive team iadIThg our Olre¢lor General, Alasialr Reveil. together with our lawys and was event)Jally seen over the Ilne wlth the support of John Etlls. We are contlnuing to evolve and need to chan9e the way we opernte and finan oursew. Iwo years a90. I gave notyo to my fllow tTUStees that I would be stepwng down from the Trustee Board in 2025. It has ljeen a great honour to be involved with the governar of our oantion. whlch has COndeble Influence, espectèlly In the last few year5 of It5 $2-year history. I thank everyone who has 9lven support tJuNng my 27-year invdvemenL especially my fellow trustees and admln staff and I wish the IAP continued gjccess In the fvture. Advert15ements will soon go Out to recrult r4 trustees who cjn help with our endea¥our& Most of these trustees wlll come from our membershipi whlch we believe represents the cream of our industry, $0 TNIII have the knovledge and experie[ to guide the IAP towards these worthy goals. However. we also need siNne lay trustees whD can brin9 other skllls suth as in¢ome 9eneration and financial management, marketlng and soclal media as well as legal and human resources amongst other •reas.
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Presldent's report (contlnued) FOR THE YEAR ENDED 31 MAY 2024 Volunteevs Even though the IAP is a great organisation which is here to help both its members and infomi the publlc, Its future 5uc¢ess will ultimatdy lie In the hands tsf volunteèrs. In a MIlar veln to what was sald by JFK, members should not ask how the JAP can help them. but how they can help the IAP. Durina 2024 we recrulted severnl volunteers and we are orateful to all those who got in touch wlth us concemlng volunteertng. We now have a wdtlng pool of authors as well as several who are interested In both pSentIng and hostlng weblnJr5. wlll tn rprnilt fijrthpr vnliintpprg whn rAn thAdnw njrrpnl pp_rvjnnel and volunteÈrs. SD they can take up the rtyns when rmulred. For example, volunteers who have experien or fed they would be good at runnlng adrnlnlstfatlve tasks, bookkeeplng* produthon of accounts and soclal medla management would be very welcome. Enqag•ment A5 tsur charitsble go4 IrKlude educaUng the publoc on software. we have continued our pollcy of presentlng free weblnar& Anyone Interested In 50ftwJre development would have leamt much from our offerin9s in 2024. Amon9 them We "From B•rter to 0¢k01n. The Evoluuon and Seojrfty Chèllenw of nTech., "Programmlng Provoklng Poetry- whl¢h looked at numerous aspects of programmlng arHJ de51gn through the use of poems and -Next-Gen So1tr4are Oeveloprnent: Unleashlng Generntive AI and Machlne Leaming- which looked at htsw AI can asslst software development. The last of the year was 'a14all.' Demystlfylng Al For Humans". demonstratlng a cost-effecuve. potenL lo¢ally-hosted Al solutaon no gthng to the cloud. The IAP Is contSnulng to develop 5t$ new webslte, whlle the monthly gatherfng of developers •t our DgvC¥fé Agfid•Mu£ r•m•ins popul•r. Our Y•uTub• thann•l has a rnng• of rncordlngs of w•binars and Intervlews and can be found he Conclu•lon We're commltted to PLtrsulng our vlslon and delivering meanFngful Insights to our members and the publlc. Thist Isn't Just a buuword for us it's the foundatlon of everything we do. For over flve detadts. the IAP has helped shape SOare development pratti¢es. supported Its members, and made lastlng contrlbutions to society. In today's digltal landscape, security Can't be an afterthought. It must be woven Intt> the fabric of software from day one. We refuse to compromlse on trusiworthiness. and we're dedlcated to glvlng It the attentSon it demands. Our strength Comes from our members. who represent the best in the professlon and who adhere to our strict code of condurt. Combined with our deep Connections tr¥ gayernment, Industry. and academla. plus our S0+ year legacy, We' unlquely posltt0n to thamploTh these values. We need to many Ihlngs to keep our endeavo4tr5 golngp but iTusL weiiidiii> dt Iliv Lvie ofwho we are and what we do. Paul Lynham FIAP President Dated ." 21 January 2025
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Dlrertor general's report FOR THE YEAR ENDED 31 MAY 2024 The Tnstitution has entered secor#l hall century wlth a slgnfjlfjcant head wind In ternis of a c05t of Ilvlng crisls that is affetting many people. The wodd eCormY Is increaslngly uncertain and thls has had an effect on both the Institution and its rnernberthip that largely fvnd its attivltles. Whlle our membershlp VenUe dropped IO% w the previoLts yeor. we have kept out overheads steady de5plte slgnificant upward pressure on costs. whlth reflerts on9olng prudent management In difficult ClrnStances. l am pleased thèt our weblnar prwrnmme has settled Into a regular pattern with solid atterwjances regularly belng achle¥ed on a wlde varlety of InterEstiNJ erwjbglng toplcs that are open tts members, non-members and the genernl publk. The Institutlon has been wrtjthng on the redevelopment of tts web slte dudrwJ the course of 2023124, wllh the l•un¢h of the new slte durlng July 2024. This will be on important step in communlcatln9 our purpose to our stakeholders and Sn attrnttln9 more mem1rS commltted to Improvln9 software for sttlety. Our ongolng work of encourn9ing hlgh st•nd•rds ol prnfesslonal and eth41 conduLt amongst those developing SDftware is aryuably more Important than ever in light ol recent hl9h profae fT sandals. The publlc desew hlgh stsndards In software systern development Os $0 muth of modern Ilfe now depend5 on them. Fkn•ne• The In5tiiutlon's •nnu•l Surplus shows a mode Improvement on the pmlous year. due In to Inased Investment Incorne. MemDersnJp revenue iTrJe4sea )y 6 on tne previous year,. overhead5 have Increased In the year* prfmarlly due to addltlonal ebte and computer retated expendlture. The organlsatlon remalns commltted to bulldlng Its fijnds Jnd managed to Improve Its avellable unrestrfcted funds for major projects durlng the year. wlth unrestrlLted lund5 Increasing by IO%. The Trustees are mlndful ol the lrnportant capltsl expertUre that still needs to be made in the comlng YEar, partlcularfy around the web slte, to enable It to delbver on tt5 tharltsble mbslon. The [rtituOn has ¢ontlnued to Influence the development of the wlder Th professlon. most notably thrDU9h its work as part of the Cyber Security AJlian¢e. The Instltutlon has also been actNe In Various standards committees durtng the year. Th15 work is irnportant In Improvlng soft)¥are for %xiety. In partlcukir. its work through Its sub5idrary, the Trusrmorthy Sofvar• Foundatlon. o)ntlnues ¢0 inllutyKe developments around the BS10754 standard.
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Dlrector general's report (contlnued) FOR THE YEAR ENDED 31 MAY 2024 M•nb•Nhlp Membershlp Is On irnportant focus for the IllutiOn as ultimately it is through Its Memb5. subscrlptlons and voluntsry contrlbutlon5 thot It 0e1fvtr5 Its SleY•} impact. Thè Institutlon contlnues to develop Its IOES progTrmme to Jttrnrt members'.- - Enhance.. Vle will enh•rKe wh we offer to our members by forAM"ng m career-orfented beneflts that wlll help them develop professlonly. - Exchange: We will pmvlde our members wfjth opportunltles to exthonge Idea5. bcéh face-to-face and onllne, - En¢ournge., We wlll artlvely encourage our m¢5 to develop their carters by findlng them mentors from wlthh our rnernber5hlp. Empower.. We wlll empower our rnembers. especlally our Fellows, to have a greater Vol wh1n our professlon. Ensure.. We wlll ensure the quallty of our memtersNp remalns outstandlng by extendln9 the peer review procedure that appltcatlons receive and by provldlng onllne VeriftION of membershtp. Enable: We wlll enable member5 to contrlbuts more ro the runnlng and development of the Instltsttlon by estsbllshlng opportunltles for them to help the Instltution flourtsh. Educate: We wlll continue to eduute our members and the wider profe551on by publlshlng J learrd Journal and by developlng a Body of Knowledoe for the professlon. Enlighten.. We wlll enllghten our professlon, shaplng Its development by Ilblslng more w government. academia and employers. - Engender: We will engender the spirlt of prrAessknnal duty In nlbe1$ $0 that they can evangellse the need for professlonallsm In the wkler communlty. Evolvg.. Wg w511 •volv• into a hioher pmfil• An(1 rnnr nift y>•rlAll%t prfJfpsTrnI hocly bv Increaslng our relevance to our own members, the wlder profes0 •nd So¢lety at large. Othlook Thè gloomy economlc cumate that ha5 torn the backdrop for the current year Is experted to contlnue Into our nert nnanclal year. with increasln9 uncertalnty becomln9 a therne. However. the Trustees are optlrnlst that thelr Investment In the new web site will better promote )nd encourage best ptartlce In 50ftware de¥eloprftenL The 1n81ituti 11 cthMnu• to off•r onhd for to get In knpng 50ftwar8 for webinar prr¥3ramm8. 1Th8pn9 Ihwn to W ftNJre In acbvdy crmtribL5n0 th¢lr tim8 aThJ alr Revell FIAP DlrectDr General Dated.. 21 January 2025
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Trustees. report (Induding directors. report) FOR THE YEAR ENDED 31 MAY 2024 The trust5 ¢Ye5ent thetr repcrt and flnanclal statements for the year ended 31 May 2024. The financial statements have been prepared In a¢xonlance wlth the accounting politie5 set out in note i to th? financial statements and COM wilh the Instltuuon's memornndurn and artlde5 of a55Dclation, the Cwnpanles Act 2006 and 'Attountlng and Reportlng by Charitles: Stement of Recommended Pfartke aPicable to ¢hJrities preparirrfJ their atcounts In accordan Sth the Financial Reporting Standard applicable in the UK and Republk of Ireland {FRS 102) leffeLtive l January 20191" Introduellon The Institutlort establlshed In 1972 as an nInCorped entity. It Incorpopted on e ottober 1992 as a company limited by guarantee. opefatlng as a not-for-profit prDfesslonal membership body. It was granted a Coat of Arms by Leiter5 Patent Issued by Garter Printipal Klng at Arn7s under J waant from the Eart Marshal on 13th March 1994. It formally reg15tered as a charlty wlth the Charlty Comm155ion on IS August 2018. Th• In•lltuU•n'• •bJ•rtlv The Inst5tutlon Is Incorporated a5 a company limlted by guarnntee and wtstered In England •nd W4les {under number 02754293). It Is restered as a dwrty (undèr number 11795581 wlth the Charfty Commlssion In England and Wale5. The Institutlonts Objerts are:" la) to advance the sdence of the developMt of secure and carefyjlty des19ned 50ftwJre and to promote publk eduutlon therdn: and Ib) to advanc• th• •due•tlon of th• publk on th• subJ•ct of software dweloprn•Tht anrl rel)ted dlsclplines as well os to promote greater underting and apprtclètlon of the Import af software on lety for the publlc benefiL The Instltutlon stves those Involved In the development of software and sodety at lafge. The InsUtutlon ddivers the charitable objects set out In bts Artlcle5 of Associatlon to provlde publlc beAefit through a pp)9ramme of actl¥itlÈs urtdw the difection ol Sts Trustees, wlh thè LASttIon and its members fadlltate, largely through Its volunteer comrnunlty and their b$criptIonS and other contrtbutions. The Trustees connrm that they have complled wbth the duty In Sectknn 17 of the Charlties Acr 2011 to have due regard tts the guidance publlshed by the Charftle5 Commission in deddlng what actlvities the [rtOn should undertake as a charty. The Institutlon has 238 fellows swead across the United KirTrgdom and lurther afield who contribute voluntarlly to Its work through attendance at InSUtuOn events as well as working with other groups engagin9 with 9ovemment and acailemla to fvrther its ¢haritaWe objecrs.
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Trustees. report (Including directors. report) (contlnued) FOR THE YEAR ENDED 31 MAY 2024 The InsUtutfjon'5 Artldes of Association permit twdve types of athity In achIev1r Its charltable objerts, whith the Trustees have used below to struthre rePt on Its activrties duiing the year. Tre Insututlon's artlvltles all alrn at benefitsng the publk by Impr0 Mftw•r¢ for so¢l¢ty. . encourage and promote hiqh standards of educatlon. quallficatton. competence, leader5hlp. managEmen¢ knowledge and pmfesslonallsm as well as hlqh ell standards amongst those Involved In comrn1551oninqi develwngi sKuringi instaiiino. maintainino and testing software. adoptlng Jny wfvl means condudve to malntainmpg the hwhest standards of sklll and conduct nrySt members of the InSUtIon The Instltution has ¢ontinued to operdte as a wofew.onal body, gradlng its mernbers accordTrng to their prOfeSonal qualfflcatlons and experferic¢ and ensurtng that they are malntslnlng thelr skllls through ccffitlnulng pmfession& development in what Ss a rnpidly evoln9 vofetyfj. Members ade by a Code of ConducL urthplnned by dlsdpllnJry regukitlon5, whl¢h emphaslses thelr dutles to the wbLi¢. The Trustees belleve that this benefits so¢lety by enwrnolng Its members to develop soth¥are to the highest ol standards at a tlme when the 9enernl publK are Inryeaslngly aware of how much of thelr daily 1Sve5 rely on wdl-wrltten code. The InStitUOn contlnues to support the Trustworthy Sthare FOUThJa0n. whlch It controls. The Foundatlon gnposts and prali1 Bflt15h Standard 8S10754 oft Systems and the vehl¢le tl InsttIOn uses to en9age on Important work In evolvlng thls standard Into Jn Internatlonal one and Is acts.vely enoaged In developlng vefification schemes a9alnst the standard. The Instituvon nne$ to worl( on Rs Fu guldarKe for soifware developers. whlch alms at enhancln9 thelr professional Prn¢il¢e )nd so irnwovlng 50ftware for sodety. The Instliutlon has been deYdoplrvJ a rw Tweb that It expects to l)unth In 202412S. The Trustees belleve thLs wlll more reodNy help them promote hlgb standards of eduutiots, qu•llfiutlon, competence, leadetshlp, rnanagement. knowledge and professlonallsm as well as hlgh ethlcal standards wlthin 50ftware developmLMt. 2. facllltste the pmfesslonèl development of tIe eryaged In devdoplffj softw•re to Improve the quality, trustworthiness and securlty of for the publlc beneft The Institutitjn has coniiftued w fadlltate the wAttsloAal devel¢)wnwrt of Ihose engagwj in develrwng SofVa dUng the reporting period. The Instttutlon contjnues to sigrtF valuable materlal for the development of trustworthy systems by supporting the WDTk of its subgdiary. the Trustworthy Softwart Foundabon. The resource5 that kt make5 publldy available thrDugh this initiative indude vldeos and guides on buildlng trushvorthy and secu systems. Thls material helps f¥ilitate the wofesslonal development of both new entrants and experienod practit10rlS alike. It enables them to imprDve the qualrty, tnthorthlness securlty of the systems they produo to the benefit of the publ The Institutron did not run a sympog.um durlng the year, It did run a series of free webinars aimed at enhancing the skills and knowledge of practitioners during the reportr period. which were open to memters ar non-members allke.
THE INSTrrLrrIoN OF ANALYSTS & PROGRAMMERS Trustees. report (Includlng dlrectors. report) (continued) FOR THE YEAR ENDED 31 MAY 2024 The Institution continues to signp05t and develop its FURST progrnrnme. which aims to Improve the technlcal prartlce of software devdopeTS. The Instltution's ltresfjdenL Paul Lynham FIAP. leads thls Important programme. 3. Ilats• wlth government dePartts and otlw bthlles Conmed wlth statutory or other oualiflrJtlons, and wlth unlver51tles and otlw educatlonal In5thite5 andauthorltrfes In the fvrtherano of education and training in the development, lrnstworthlness. security, installation. malntenance and testlng olsothvare Thè Institut)on contlnues to engage Y41th government agenths gjch as Ds and the National Cyber Security Centre though the Cytw Security Allianc& The Aliitin Is a collabordtive body of 16 bodles wlth Interests In the development of security In the United Kln9dom. These engagements have been around the edltcatlon and devdopment of profe55ionals workirrtj In cyber security. The Instltutlon contlnues to Ilalse wlth several unlversltbes wlth the alm of encouraglng the educatlon and devdopment ol the next generation of prartitk•ners. 4. lacllltate the exchange andpublkatlon of inlornwtion and Oe•s on the developmen¢ tntW1ne5S, the results thereol The Instltutlon's webknor progromme Is a19fte0 to fadlltate the exchange of InfomiJtltsn and Ideas and Is InCasInglY adoptlng an InteTrctlve and partldpatlve engagement model. The Instltutlon Invltrs speakers to Its weblnars who promote Interestlftg ènd eragIng themes In soltsvare development. The IAP has also (JInUed to wW15h artkles SupptIng the Fupsf program. The Trustees hope that the work they hjve Initi4ted on redevelopln9 the institutlonts web 5th wlll greatly enhance Its abillty to publish inft>rmJtlon and Ideas on Softwa development issues that wlll ultym•tèly lèad to morè trustworthy and secure appllcations Ing WrItt to the benefit of the publlc. 5. promote and rnlse awartness thift society about the need for IHgh quallty, trustwothy and secure software systems for the benefit of the public The In5tltutlon contlnues to slgnpost artldes through ts sockl medvd thannds to raise publlc awareness •mund the Importance of hiqh quallty, trustworthy aNI secure software system5. Its involvement In programmes such as the CyberOSPA Awards hdps prornote the important and raise awareness of the need for trusiworthy secure software. The Insdtution also continues to publish artides almed at pnxnotin9 and rtin9 public awareness In 119ht of recent hl9h profile CDncerns around the quality and fitness for Purpose of some soknarE. The Trustees hope that the work on the new web w1 serve as • better platform for these artlcles to promote and raise awareness wlthln society about the need for high quality. trustworthy and 5eaire sorare systems. They Intend to tsjlld a sectlon within the web slte dedlcated to thls actlvbty.
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Trustees. report (including directoys. report) (continued) FOR THE YEAR ENDED 31 MAY 2024 The Trustees are very mlndfLsI about the prrtjr gender dlver5ity wlthln software engineering and rElated dtsclplknes. They remaln commStted to dofjng much more In thls space. The Trustees are acutety aware that the Tnjstee Boarf lacks dl¥eFsIty and is actively working to address thls. contlnues to evolve. The In5tlbJtlon erKournges Its membershlp. thrjgh rts Code of Condurt •nd grndlng crlterla, to actlvely wcffk to the hl9he5t ol prnfes51tsn)I stsndard$. The In$tUtIOn hos supported 5evernl Fellows In ¥)rbous ways In developlng stsndards and other fvrrns of gUbdOn through thdr wth natlonal siandanls afvj other lybar bodles. 8. Invlte. receive, he•r artd puollsh communkatlons relatlng to the sdence. teKhlng/ •ppltatlon or us• olsoftware and to grant prtze5 or other aw•ns In respert of them The Instituyon corbtlnues to run Its Kadernk prfze sdme. whkh éncourages outstandlng performan by unlver51ty StentS worklng towards tr degree& The stheme awards reclplents w6th a certificate conflrmlng thelr outstandS09 perfomano, sèvernl vtars, membershlp almed rt encour4glThJ them to make a commltment to worklng to hlgh professlDnèl •nd ethlcal standards In the publfjc Interest •nd • sum of money to asslst them in the earty stages of thdr ureer. However, several of the InstltuWon's weblnars invlted. recelved. heard and publLshed matsrfal softsvar* development practice and have attrKted • g1)od numtw ol attendees, typ6cally beeen 40 and 50. 9. hold or wernlse examlNtlons and award certlfi(ate5. dlplomas, wlzts, )ursatYes or Kholarshlps elther alone orjolrtly wlth other educatloftal or profes1 IleS In relatton to the development or use of solhva The Tnjstees were pleased to contiftue the InstituOn'S academlc pe scheme durtng the year. The Stees do not consider the development of exarninètions or other acoEditations to be a prforlty for the InstItlOn at present with other bodies offerin9 Suitable accreditabon.
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Trustees. report (Includlng directors. report) (contlnued) FOR THE YEAR ENDED 31 MAY 2024 10. prepare. print and publish crftefia for the and traing In software development and Its retsted dtsclpllnes The ThJ5tees hove priorltlsed the [r&tU% rs(yJrtts on ¢ther ar&is durlr4 the year satysfied that other bodles are 5ervlng th15 area. However. thelr owoln9 SUPPOrt of the Insytutlonts 5ubsldLiry. the TrtworthY Software Foundatron. contlrwjes to s49n post through Its web $6te materfd benelklal ts+ aodemk stsff desigftin9 and teachlng on soliware development progrdmmes. technl(al ldIeS With a vlew to putsulng common obJe¢ts in S1Wre development and related subjects as well as to represent the software development profession natwlly and lftternatlonallv The Instltutlon corttlnued to collaborate with its peer bo¢lles In the Cyber Secudty lIance duflng th• veor. These indude the Institution of Eng1fteen9 and Technology IJEf), BCS The Chartered Instltute lor rr and the Chartered Institute for Infomijtttsn Se¢urity (CIISe¢), along wlth other bodies such a5 the Worshwful Company of Informatlon Techno91Sts Iwctr). ISACA and the Securbty Insutute and number of ¢ertlNcatlon bodles such as ]5C{2) and CREsf amonost others. The fnstytutlon has been Involved In supportlng Fellows worklng In both natlonal and Internatlon81 standards through Its svbsldlary body the TrusOrthY Software Foundation. partlcularty In work around the B510574 standard. 12. enable and encourn9e those In or Irttern ift softwarn &id Its development to meet Jnd onespond In order to exchange Ideas •nd Inlomvtlon on Its sdence. practte, teachlng. applkatlon and use The Cyber Securfty Communlty of actlce (Cyber C4P) kyovldes a methanlsm for enabllng and encouraglng members Interested In the cyber Serity Jspects of sofv#re dtvelopment to meet and correspond. The Comrnunlty of Practlce comprises h¥elve Fdlows {FtAP) and two Members (MIAP). The Thistees are pleased wlth the prDgress the group has made and are actively looklng •t other areas of prattice where th•y could usefully e5tab115h other (munItIeS of PrCe. The Trustee5 believe there are se¥ernl areas there 9roups cOd ddlver publ1¢ benefit by heltyng to jdvance thlnklng In these areas. Vkn4nd•l r¢¥l•w Unrtsrri¢ted funds at the end of the year totalled £72,080. It is pdiey of the tnjstees to maintsln unrestrlcted funds {whlth they have rt deslgnated for a specffic use) at a Ve1 equivalettt to slx rnDnth5' expenditure. The ttee$ have continued to ensure that reserves a adequate and, In tht e¥ent of a signifitant drop in income. they will be able to c(xrtlnue the I[tituti's cuwyent artlvitles. The trustees have assessed the Mai wisks to ¥¥h•ch the InstitslI is exposed. and are satisfied that SVStems are in pe to mit4gate exposure to the major rlsks.
THE INSTITUTION OF ANALYsfs & PROGRAMMERS Trustees, report (Includlng dlrectoYs' report) (contlnued) FOR THE YEAR ENDED 31 MAY 2024 The trustees are satssfied that sufficient fvndiThJ will be availjbte fry the Instituts'on to continue operatlng for the foreseeable fvture. The tnjths have budgeted for a surplus SItIOn for the year to 31 May 2025. The Ir6t5tution Is a charitsble cornpany Ilrntteil by guarJntee governed by its artldes of assoclatS0n. which establlshes that the Trustee aoard ts the ults.mats governlng body. Its constsbjtion and powers are set out In Its Artlcles of Assoclatfon. The Thee Board ¢omprLses thtt fc410¥4ln9:_ (a) up to slx wected Trustees dected at a 9eneral meeting by the rnembershlp. (bl up to three Lay Trustees appolnted from ou¢gde of the mernber5hip by the Trustee Board. (¢} an •ppolnted Trustee to att as Treasurer as an Ex Officlo Trustee; (d) the Dlrector Genernl as an Ex Offjcio Tru51ee {unle5s remuneratedl: (el the Chair of the Councll as an Ex Offia'o Trustee; (n the Véctrchalr of the Coundl as an E¥ Offido Trustee. Trustees èltt the IrStItuon's Presldent ar vIce.e$lent frorn the Elerted Trustoes on the Trustee 8oord to serve from thelr ftrst meetlng after an AGM untll the flrst meetlng after the foifowlng AGM. The Thjstees also appolnt the Tre45urer tt* serve lor the same penod. ConstutIon provldes for an Advlsory Coundl. elected by the memb•rshSp. Th1$ Is cutTently domiant tht Trustees remaln ¢ommltted to estsbllsh orKe Wable. Tr Trustees who seNed durfn9 the year and up to the date of signature of the flnanclal statements are glven below, Indudlng thelr attendance at Trustee 8ooryJ meeYn9S:" Tru•t Ibl• PrneTrt MW Doe (regne(l 24.1.241 Ferhton EJ Keen PB Lynham C Revell The Ekcted Thjstees are members of the Institute, elected by the membership at the AGM to sem for a perfod of three years. io-
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Trustees. report (Includin9 directors. report) (contlnued) FOR THE YEAR ENDED 31 MAY 2024 New trusteesldlrector5 are glven tralnlng on appointment regardlng: the Institutltsn's aims thelr le9al obllgatyons under company and char6ty law thè operatlon of the InstitutSon and the dedslon maklng process the Institutlon's recent financial perforniance None of the Trustees have any beneffidal interest in the In5titutitin. All of the Trustees are currently members of the Institutlon and guarantee to contr4bute £1 in the event of a wlnding up. The Thistee Board approves ordfjnan. rules, regulations or bwaws that aye gjbordlnate to the Ade¥ of A(lotiorb to r¢9ultst¢ the offalrs of the InstfjiUVn. 09 nccdcd. frvm time-to-timo. I"he Twsrees deiegaie rne management of the instrnition to the Dlrettgr Genernl who Is eTTiyvwvre(J Lu fom) an Executlve Board tt¥ ass15t In its managtyxenk whlch may comprlse of pald Staff and volunteers. mpllan¢• wlth leglslatlon Thlt r•port has b••n prepared In accovdarbC• wSth th• sp•cL•l prAvlthn4 fif PHrt IS (jf th? Ct)mpanles Act 2006 relating to small companies. The Trustees. report was approved by the Institutbon s Trustee Board. Graham F•nton FIAP Thistee and Dlrertor Dated.. 21 January 2025 li
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Independent examlner's report TO THE TRUSTEES OF THE INsrrruTION OF ANALYSTS & PROGRAMMERS I report to the trustees on my examinabon of the flnancial statements of The InsI1tIOn of Analysts PA i-ammtr5 (the charitable comptsny) for the year ended 31 May 2024. Rqsponslbllltl• and bas1 of report the truev of the chatable rnPany land also its dir•ctors for th• purpos•s of eompany law) you are re5ponslble for thè preparnOn of the finandal statsments In accordance wlth the rEquirements of the Companies Art 2006 (the 2006 Att). Havlng satisfled myself that the flnanclal statements of the th•rftsble uynpany are not requlred to be audited under Part 16 of the 2006 Act and art eligible for Independent examlnatlon, I report In respect of my exJmlnatlon of the charltable company s financlal ststements carrfed out under sectlon 145 uf Llie Clial ities Act 2011 (th¢ 2011 Act). In ¢4brryln9 Out my exam¢nation I have foll•%Ycd all thc appllcable Dlrectlons given by the Chority Commlssion under settion 14515)Ibl of the 2011 Act. Irbdép•nd•nt mIner'S st•tement I have completed my examination. I conflrm that no matters have oNne to my atterttlon In onneaion wlth Che exdiiiliidtluii ylvliiy iii¥ belleve that In ony m•terfal re3pect'. accountlng records were not kepl In respect of the charftable company as required by settlon 386 of the 2006 Art,. or th• financlal stat•m•hts do not •ccord wlth thos• r•ttrds.' or the flnanclal statements do not comply with the accounting requlrements of se¢tyon 396 of the 2006 Act other than any requlrement that the accounts gl¥e a true and falr vlew whlth 15 not a Matter consldered as part of an independent examlnatlon: or the flnan¢lal statements have rt been prepared In accordan wlth the methods and prtnclples olth• Stat4m4nt of Rgcomm*nded Practlce for accoiinting rppfirtlno hy rharitlp.8 applicable to harities preparing thelr accounts In accordance wlth the Flnandal lieportlng Standard appllcabie In the UK and Repuwlc of Ireland (FRS 102). I have no concerns •nd have come auoss no other matters In connectlon with the examlnatlon to whlch attention should be drnwn In this report in order to enable • proper understsndlng of the flnanclal statements to be reached. Moths FCA DJH Nèntwich Umited 17 Alvaston Business Park Mlddlewlch Road Nantwirh Cheshire LWS bPfr 12-
THE INSTITUTION OF ANALYSTS & PROGRAMMERS Statement of financial activities Includlng income and expendlture account FOR THE YEAR ENDED 31 MAY 2024 funds 20 2023 MembershSp fees, eta Investments 48.063 2.138 45,314 491 Tot•1 IM¢om• 50,201 45,eos Toial expenses 44,860 40,704 Nrt g)Insl{losses) on Investments 1.460 11,1441 N•t movem•nt In fvndA 6.801 3,957 Fund 1)nceS at l June 2023 65.279 61,322 Pund b•l•ne •t 3114•y 2024 72,080 65,279 The siatement Of flnand•l •thvltles IrKludes •ll galns and losses recoYe<l In the year. All Income and expendlture dthvè frorn condnIng activltles. ststement of financial aLXlvltles also ¢omplles wlth the requiremert5 frJr an Income and expendlture account under the Companles Art 2006. 13-
The Institution Of Analysts & Programmers Balance sheet As at 31 May 2024 2024 2023 Trnglble assets Investments li 297 445 20.316 18,8S6 20.613 19,301 Current •Mets Debtor5 Cash ar bank and In hand 12 935 54.770 47.240 JS.705 Crodltors: amounts fallln4 du• wlthln on• y•ar 13 (4.2381 12.1241 51.467 45,978 Total ••Mts IM• ¢urr•nt Il•bllltl•• 72,080 65.279 Th• fund• ot th• eh•rlt•bl• cOmnY Unrestri¢ted fvnds 14 72.080 65,279 72,080 65,279 Th• eampany Is •nt•d to •x•rnp¥on from th• udlt rqulrernent contalned In sprtlnn 477 nf th Companles Art 2006, for the year ended 31 May 2024. The dlrecior5 ackn¢Mledqe thelr responslbilitles for complying the requirements of the Companles Art 2006 wlth respert to acctyjntlng records and the prèparation of finalal statements. The members have not reoulred the company to obtain an audlt of flnandal ststements for the year In question In accord)n witn section 41b. These flnonclal statements have been prepared In accordance wth the provlslons appllcable to companles subject to the small companies rtglrne. The flnancla5 ststements were approved by the trustees on ......................... Trustse •nd Dlr¢¢tor Company rJistrntir>n rtLJmhp.r n27S4293 {Fngland and Wales) 14-
The Instltutlon Of Analysts & Programmers Notes to the flnanclal statements For the year ended 31 May 2024 Accountlng polkl Ch•rlty Infornwtlon The InsVtLrtlon of AnalyS & Pro9rammers is a pnvate company Ilmlted by guarnntee Incorporated In England and Wales, no. 02754293. The registered office is Boundary House, 80ston Road, London W7 2QE. 1.1 ACCI119 conv•ntloft The flnanc5al statements have been pore Sn accordance with the chadtabfe cornpany, memorandum and acleS of è55ociatitsn, the Chèrftlts Att 201L. the Companles Art 2006, FRS102 (the Financial ReportSn9 Stsndard appliCat in the UK and Republlc of Irtland) and 'Acc•untlng and Reportirtg by Cttarltles: Statement of Recommended Prartlce apptkable to charftles preparing thelr accounts In ac¢ordan¢e wlth the F5nanclal Reportln9 Standard athlcable In thè UK and Republlc of Ireland IFRS 102) leffertive I hnuary 2019)" The thar5table company Is a P¥blic Benefit Entity a5 defined by FR5 102. The charitable company has taken advantage of the prov15bons in the SORP lor charltles applylng FRS 102 Update Bulletin l rtot to a Statement of Cash Fknws. The financlal ststernents aTr prepèred in stetllng. which Is the fvnrtlonal cvrrenry of the charftable company. Monetary amounts In these flnan¢lal statements are rounded to the nearest £. 1.2 GOI ¢Mt•rn At the tSme of approvlng the Itnand•l swements. the thJstee5 conskler that ther• are no rnateal IJAcertJlntJe5 that may cast slgnlficant doubt on the charltable company's abilbty tt) contlnue as a 901n9 concern and they have a reasonable expeLtsYon that ihe tharftable company has adequjt re#ource# to wntlnuÈ In operetlonol exljtenee frr the fwexe4blc luturc. Thu• the trugtee9 contonuo to adopt the 904ng ¢oncem basls ol accoLrntlng In preparlng the fin•n¢ial statements. 1.3 Ch•rltabl• fvnd• UnrestriLted lunds are available for use at thè discretion of the trustee5 In fvrthernft¢e of thelr charttable obJe¢ts'ves unless the funds have been de51gnattd for other purpow. The Company does not currently have v restrlcted or endowment fvnd5, 1.4 Incom• Income Is recognised when the tttarltable company Is legally enuyed to It after any performance tditions have been mel, the amounts can be measured rellably, and it Is probawe that Income wlll be recelved. Mernbership substrlptlons are recognlsed on recelpL 1.5 Exp•ndltuv• Liabilities are recognised where It 15 more likely than It that there is a legal or constwrtlve obllgation committing the charitabfe cornpany to pay resour and the amount of the obligation tèn be measured wlth reasonable tertalnty. 15-
The Institution Of Analysts & Programmers Notes to the flnancial ststements (continued) For the year ended 31 May 2024 countlng polldes (Contlnutd) 1.6 Tan9ible fixed amots Trnglble fixed a55ets are Inltlally measured at cost and subsequently rneasufed at cost or valuatlon. net of depreclatlon and any impalnnent losses. Oepreclatlon 15 recogn15ed so as to write off the cost or valuation of assets le56 thdr residual values over thelr useful Ilves on the followln9 bJses: xtur4 fittings •nd equlpment 33.33% redudng bnce The g?In or loss arlsln9 on the dlsp(wl of an asset Is de¢em7lned as the dIfIeren between the sale proceeds and the carylng value of the asset, and Ls rewft1 In the ststement of flnanri41 artlvltles. 1.7 Pbx•d M•t Inv•stm•nts Flxed asset Investments are Inltlally measurto at trnrrfactlon pllce exdudlng trnnsèthon cogts. and subsequently measured at falr value at each reporting date. Changes in fjlr value are recognlsed lfi ntt Incom[expenltUrel for the year. Transartlon costs are èxpensed as irKurred. IJ IMl1•t •)1 flxed •M•t• At each reportin9 end dale, the tharftable a>mpary revlews the c4rryln9 amour*ts of its tsnglble assets to detemlne whether there Is any Indkatbon that those assets have suffered an Impalrment 1055. If any suth Indlcètlon exlsts. the recoverable amrtht of the asset Is e5tlrn)d In ordèr to determine the exten¢ of the ImpJlrment Ioss (If Jny). l.• Caih •nd ca•h equl¥•l•nt• Cash and cash eou1vJts Include cash In hond. deposlts hdd at call wSth banks, other short-terni Ilqubj Investments and bank overdrafts. Bank overdraft5 are shown wlthln borrowlngs In current Il•bilities. 1.10 Fln•nclml InJtrum•fits The tharitable company has dected to apply the provLsions of Settlon 11 '8Jslc Flnanclal Instruments, and Sertlon 12 '0ther Flnandal Instruments Issue5. of FRS 102 to 411 of its fin•n¢lal InstnJm•nts. Flnanclal Instruments are reco9nbsed In the chanble Company's balance sheet when the charftable Company becomes party to the contractual provbslons of the Instrurnent. Flnanclal a55ets and Ilabilities are offset. wlih the net amounts presented In the financial statements. when there Is a legally enforceable right to set off the cognISed amounts and there Is an Intention to on • net ba%s or to ltse the assrt and settle the liability SimultaneouY. Baslc financial assets. ¥vhl¢h indude debtors and osh and bonk balances, are Ir)Mally rneasured at transartlon price induding transaction costs and are gJbsequently carrled at amortised cost using the tffectlve Interest method unless the ar¥arfjement c(st1tules a financing tsBnsactr¢)n. where the trnnsactlon Is measured * the presènt value of the fvture recetpts d15counted at a market rdte of Interest. Finandal assets dassffie¢J as re1VbIe within one year are not amortised. 16-
The Institution Of Analysts & Programmers Notes to the financlal statements (contlnued) For the year ended 31 May 2024 Accountlng polld (Contlnu¢d) •1¢ IIAand•lllabUltlag Baslc flnandal Ilablllties. Indudin9 credltors and bank loans are inltbally rcognlsed at transa¢tlon pCe unless the arrangement constitutes a flnancing tsBnsacbon. where the debt Instrument Is mèasured at the present value of the fvlurt payments dlscounteLI at a market rate of lrterest. nandal Ilablllties tlasslfled as payable wlthin one year •re not amortlsed. Debt ln5tnjrrnts a sybsequenty carrfed at amortised cos¢ uslng the effertive interest rate rnethod. Trade credltors are obll9ations tt) pay for gtJds or serylces that have been acqulred in the wllnary COLJT5e af operdtjons from suppllets. Amounts payable are dasslfled as current Ilabllltles If payment 15 due wlthln one year or less. Jf not. they a presented a5 noTroJrrent 16abllStles. Trtde credltors are recognlsed Initlally at transtyrtion price and subsequendy measured 4lt am0sed CDSt using the effertlve Interest method. Flnano& Ilabllltles a deTenISed when the dwrltable CoMny ¢ontrnctual 01910n$ explre or are dlscharyed or cancelled. Cvltiul •cctsuntlng e•tlm•t•• •nd Jydo•m•b In the appllcatbn of rhe charttable compaDy'5 J¢countlno polbe5, the trustee5 are requlred to make ludgeffnts, estlmates ¥nd aUMPtS at>(rt the carrying •mtyJnt ol assets and 1bIle$ thot ore not adI1¥ apparent from other sourtes. The rnateS and asso¢lated as$umptlon5 are based on hlstorlcl •xp•rl•ne• •nd oth•r I•¢t5 thao are eon%lderpd to be vdpvanl. ArtLA AllIt.4 may dlffer frorn these estlmates. The estimatss and underlylng assumptlons are re¥ on an ongolrwj basts. RevLsbons to accountlng estlmates are recognlsed in the perlod In whlth the estimate is revlsed where the revlslon affects only that riod, or In the pe0d of revlsion and future perti¥d5 whert the revlslon affects both current fvre periods. Zncom• from Inv••tm•nty d• 2024 1023 Incorrke from listed Imestments Inter&* receivèb 1.147 991 491 2,138 491 17-
The Institution Of Analysts & Programmers Note$ to the financlal sLitements (contlnued) For the year ended 31 May 2024 eMr$bIP et Tu¢•l Totsl 2023 2024 Membelshlp subscriptions 48,063 45,314 Total •P1 fund• X124 1023 Deprecl•tlon and Impalrment Admlnlstration costs TrOlI1n9 expenses Cfflce rert Trlecornmunrcations Postsoe, mailing and pocket dl•rbes Prtnllng and 5tst6onery M•rketlng Subscrlptions Cornputsr expenses •rtd software malrtenance Le9al and profwlOn fees AcCntancY Bank charge5 InsuTrnce Sundry expenses 148 24,110 222 24,ILQ 1,671 1.343 1.325 1,787 1,802 1,224 2,226 1,080 2,lQO L17 1.132 1,347 1,950 117 2.156 1,362 1,859 2,176 1.225 294 1,119 235 44,860 40.704 Included in Attountancy are fee5 to the Independent examlnw of £l,OLKI {2023 - £1.000) and £859 12023 - £770) for ¢tr services. None of the trustees (or any per50ns connected with them) receNed any remuneration during the ar. but 2 of them ¥¥ere relmbursed a totrl of £487 travelllnq expenses. 18-
The Institution Of Analysts & Programmers Notss to the flnanclal ststements (contlnued) For the year ended 31 May 2024 fufid• 2024 fund¥ 2023 Galns/(losses) arlslng on: RevalUaon of Investments 1,460 11,1441 fmplov The were no emptoyees durln9 the year. T•x•tlon The ¢h¥lty Is exempt from taxatlon on Its xtfvitles bttause •ll fjts In¢ome 1$ applled for tharftable purpo$¢s. At l June 2023 luatlon changes 18,856 1,460 At 31 May 2024 2Q,316 C•rrylng amount At 31 May 2024 20.316 At 31 May 2023 18,856 2024 2025 Investments at fair value comprfse: M & G Charllund unlts 20.316 18.856 The investment is Snduded in the financlal strtements at fvir value, which Is based on the market value of the un6t& The orwjinal cost was £20,OCl. 19-
The Institution Of Analysts & Programmers Notes to the financial statements (continued) For the year ended 31 May 2024 11 T•nglbl• fixed ass•ls Flt¥rt Ilttlng¥ and qtslwn•rt At l June 2023 LO,181 At 31 May 2024 10,181 Depred*tth and IMpalrmMt At l june 2023 Oepreclatlon clk)r9ed In the year 9,736 At 31 May 2024 9.884 C•rrylth• •m•unt At 31 Nay 2024 297 At 31 M)y 2023 12 D•btor• 20 2023 Amount• f•lllnq du• wlthln on• y••r. Prepaym¢nrs and accftd Income 935 862 IJ Credltor•: •mounts f•llln9 wlthlTh ye•r 2024 202> Other ¢y¢dltors 4.238 2,124 14 Ilnr••trlcted furb The unrestricted funds of the tharity compdse the unexpended baknces of donatlor6 and grdnts whth are not subjett to spedflc condriions by donors and grantor5 ag to how they may be used. These indude destgnated lunds whlch hove l)een set aslde out of unrestrlrted funds by the trustee5 for speclflc purposes. At l Jun• At JI M•y 2014 General fur 65.279 .201 144,860) n.080 20-
The Institution Of Analysts & Programmers Notes to the financial statements (continued) For the year ended 31 May 2024 14 lknrestrfrted funds (Contlnued) Pr•vlou• year. At l Int4wnlTrJ R•wurc4• GJIM •nd tJIM•y 2023 General fvnds 61.322 45.805 (40.7041 {1,144) 65,279 There were no dlxlosable rdated party trnnsbcttDns durln9 the yeJr12023 - none). 21-