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2025-01-31-accounts

Registered number: 00996225 Charity number: 261990

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2025

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charity, its directors and advisers 1
Directors' annual report 2 - 5
Independent examiner's report 6 - 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11 - 22

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2025

Directors Isolde Goggin
James Bellis (appointed 13 January 2025)
Grant Buchanan
Nina Cummins
Emily Davidson (resigned 8 December 2024)
Angela Flannery
Adriana Inzunza
William Johnson (appointed 6 November 2024)
Sean Kennedy (resigned 6 November 2024)
Allyson Leacock
Aminu Maida (appointed 6 November 2024)
Philip John Marnick
Konstantinos Masselos (appointed 6 November 2024)
Tebogo Mmoshe
Jacquelynn Ruff
Jean-Jacques Sahel (resigned 6 November 2024)
Joe Welch (resigned 6 November 2024)
Chris Woolford
Company registered
number 00996225
Charity registered
number 261990
Registered office Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Company secretary Wellco Secretaries Limited
President Isolde Goggin
Accountants Wellden Turnbull Limited
Chartered Accountants
Chartered Tax Advisers
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Bankers HSBC Bank Plc
39 Tottenham Court Road
London
WC1H 0LQ

Page 1

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

DIRECTORS' ANNUAL REPORT FOR THE YEAR ENDED 31 JANUARY 2025

The Directors present their annual report together with the financial statements of the company for the period 1 February 2024 to 31 January 2025. The Directors confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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 2015) as amended by Update Bulletin 1 (effective 1 January 2015).

The Directors confirm that the Annual report and financial statements of the charity comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities (Charities SORP FRS 102).

Since the charitable company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

OBJECTIVES AND ACTIVITIES

POLICIES AND OBJECTIVES

The IIC exists to inform and thereby shape the global policy agenda for the ICT and digital ecosystem. Its members believe that the impact of technological innovation on society should be evaluated and discussed openly and that policy and regulation should both maximise the public interest and promote innovation and investment.

An international independent not-for-profit organisation that provides a forum for regulators, digital media, communications and service companies and, more broadly, organisations operating in the digital economy to identify and discuss issues and practices emerging in the digital world. The intention is to promote the formulation of regulation and best practice that will benefit the public, by ensuring that such regulation and practices are, and remain, relevant to developments in the digital age and provide appropriate safeguards (particularly for children and other vulnerable users (and the on-going protection of civil and human rights).

In setting objectives and planning activities the directors have given due consideration to general guidance published by the Charity Commission relating to public benefit. There have been no changes in the objectives since the last annual report.

ACTIVITIES FOR ACHIEVING OBJECTIVES

The company continues to organise international meetings and conferences and promote knowledge sharing and best practice and publishing material in worldwide communications.

The IIC achieves its objectives via any of the following or such other activities of a similar nature: (i) organising seminars, Forums and conferences at global, regional and national level;

(v) co-operating/forming alliances with other organisations to further the objectives and share information;

(vi) from time to time developing papers based upon a consensus reached for the benefit of policy makers, provided that no part of the activities of IIC shall attempt to influence legislation or policy via lobbying or intervene in any political campaign or act as a trade union.

Page 2

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

DIRECTORS' ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 JANUARY 2025

ACHIEVEMENTS AND PERFORMANCE

REVIEW OF ACTIVITIES

It is my great pleasure to present to you the achievements and performance for the business year of 2024/2025.

I am pleased to report that 2024/2025 business year proved to be a successful year as we continue to execute our long-term strategic vision effectively, to make the IIC a relevant and successful organisation through our work and by bringing value to our members.

We continue to build on our membership growth, with 13 new members joining the IIC in 2024/2025, bringing our membership total to 138 members, including 53 Regulators. Our year-end financial figure is a profit of £60,034 against a budget target of £56,201.

Following the headwinds we faced of last year in connection with our sponsorship income, I am delighted to inform you that the Sponsorship income, along with income from our programme was above target by 44% and 12% respectively. The operating costs were also reduced for our International week, Communications Policy and Regulation week by 34%.

2024/2025 was a year to continue with our programme development, building on the foundations put in place over the last couple of years. We have pivoted to offer a combined programme, in-person and virtual, both have benefits and both give value to our membership.

Our approach to retention, through engagement with members, continues with regular contact to remind members of all the benefits of membership available and how to use these benefits.

We continue to add value, to the member benefits package, through the development of the programme of forums, roundtable meetings and virtual specialist meetings. Along with the resources which includes the journal InterMedia and increasing activity with additional Chapters. The relaunch of the IIC’s Singapore Chapter took place in 2024, following a period of inactivity. Work is now underway to develop an Africa Chapter and also to restart our Chapter in Thailand.

The Future Leaders Programme sees the Future Leaders Competition go from strength to strength, which enables us to continue to engage with the next generation. We look forward to refreshing the Future Leaders Network over the coming months.

I am pleased to share that our engagement through our online presence continues to grow. It has been a key priority to raise the profile of the IIC and I’m delighted that we are achieving this key goal. Whilst before 2024 most individual social media posts had a reach in the 100s, we are now consistently achieving reach in the 1000s for individual posts.

Our business improvement continues, with a focus on our business development. It is a good opportunity to reflect on our achievements during 2024/2025:

Page 3

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

DIRECTORS' ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 JANUARY 2025

REVIEW OF ACTIVITIES, CONTINUED

I would like to express my heartfelt gratitude to the dedicated team at the IIC for their unwavering commitment, professionalism, and expertise. Their efforts have been instrumental in advancing our objectives of growth and the change management programme we are undertaking as part of our continual business improvement and development.

2024 / 2025 saw team changes due to retirement and maternity leave. I am delighted to have welcomed in 2024 Director of Operations, Deb Knibbs and in 2025, Membership Executive Ian Christensen and Administration Executive Yvonne McIntyre. The IIC team continue to be an asset to the Institute.

I am delighted to be working with President Isolde Goggin and the Board of Directors, including four new board members who joined the IIC board in November 2024. The Advisory Council also saw six new members joining in 2024. The Board of Directors and the Advisory Council will strengthen the expertise and knowledge available to assist with the ongoing growth of the IIC.

It is critical we continue to evolve and add value to the benefits package and develop a commercial programme, therefore as key strategic areas they continue to be our focus, as we move through 2025 and beyond. There will be challenges from many areas, external and internal, however we will continue to work through those challenges and find solutions.

The IIC continues its core purpose of informing and thereby shaping the global public policy agenda for the digital society and economy.

The results for the period, and the charity's financial position at the year end, are shown in the attached financial statements.

Lynn Robinson

Director General

INVESTMENT POLICY AND PERFORMANCE

The investment powers are defined in the Memorandum and Articles of Association, however, for the time being the company has no investments.

FINANCIAL REVIEW

GOING CONCERN

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

RESERVES POLICY

The Board of Directors has reviewed the charity's needs for reserves in line with the guidance issued by the Charities Commission. The directors seek to maintain funds sufficient to cover annual running costs in order that the charity can run efficiently and meet the needs of the members.

STRUCTURE, GOVERNANCE AND MANAGEMENT

CONSTITUTION

The charitable company is a charitable company limited by guarantee and was set up by a Memorandum of Association on 7 December 1970 and amended 18 October 2023.The company's registered charity number is 261990 and registered company number is 00996225.

METHOD OF APPOINTMENT OR ELECTION OF DIRECTORS

The management of the charitable company is the responsibility of the Directors who are elected and co-opted under the terms of the Articles of Association of the company.

Page 4

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

DIRECTORS' ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 JANUARY 2025

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The Directors of the Institute meet regularly to discuss and decide on strategic direction, financial performance, risk management, and other key issues facing the organisation. The board ensures the institute is fulfilling its mission.

The Director General reports to the board, providing updates on the Institutes performance, including financial, governance, strategic initiatives, and any challenges or risks. The Director General is responsible for the day-today management and development of the Institute and its operations.

The Institute operates from its office address in London.

RISK MANAGEMENT

The Directors have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the charitable company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

PLANS FOR FUTURE PERIODS

FUTURE DEVELOPMENTS

The company will continue to organise virtual and in-person international meetings and conferences and promote research and publishing material in worldwide communications.

DIRECTORS' RESPONSIBILITIES STATEMENT

The Trustees (who are also directors of International Institute of Communications for the purposes of company law) are responsible for preparing the Directors' 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 Directors to prepare financial statements for each financial year. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the 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 these financial statements, the Directors are required to:

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

This report was approved by the Directors, on 12 September 2025 and signed on their behalf by:

................................................ Isolde Goggin, President

................................................ Chris Woolford, Director

Page 5

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JANUARY 2025

INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF INTERNATIONAL INSTITUTE OF COMMUNICATIONS (the 'company')

I report to the charity Directors on my examination of the accounts of the company for the year ended 31 January 2025.

This report is made solely to the company's Directors, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Directors those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Directors as a body, for my work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Directors of the company (and 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 the company's accounts 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

Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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)].

Page 6

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 JANUARY 2025

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.

Signed:

Dated: 15 September 2025

Robin John, FCA CTA

WELLDEN TURNBULL LIMITED

Chartered Accountants

Albany House Claremont Lane Esher Surrey KT10 9FQ

Page 7

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY 2025

Note
INCOME FROM:
Subscriptions, publications and research
project income
2
Bank interest and other investment income
3
TOTAL INCOME
EXPENDITURE ON:
Raising funds
Charitable activities
4,6
TOTAL EXPENDITURE
7
NET INCOME / (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND
LOSSES
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Restricted
funds
2025
£
2,450
-
2,450
-
1,000
1,000
1,450
1,450
-
1,450		 Unrestricted
funds
2025
£
682,251
6,255
688,506
21,015
608,907
629,922
58,584
58,584
222,097
280,681		 Total
funds
2025
£
684,701
6,255
690,956
21,015
609,907
630,922
60,034
60,034
222,097
282,131		 Total
funds
2024
£
675,472
6,157
681,629
16,863
687,355
704,218
(22,589)
(22,589)
244,686
222,097

The notes on pages 11 to 22 form part of these financial statements.

Page 8

INTERNATIONAL INSTITUTE OF COMMUNICATIONS (A company limited by guarantee) REGISTERED NUMBER: 00996225

BALANCE SHEET AS AT 31 JANUARY 2025

Note
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS:amounts falling due within
one year
12
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Restricted funds
14
Unrestricted funds
14
TOTAL CHARITY FUNDS		 2025
£
£
4,287
172,270
551,559
723,829
(445,985)
277,844
282,131
1,450
280,681
282,131		 2024
£
£
1,174
193,437
463,904
657,341
(436,418)
220,923
222,097
-
222,097
222,097		 2024
£
£
1,174
193,437
463,904
657,341
(436,418)
220,923
222,097
-
222,097
222,097
222,097
-
222,097
222,097

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The Directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved and authorised for issue by the Directors on 12 September 2025 and signed on their behalf, by:

................................................ Isolde Goggin, President

................................................ Chris Woolford, Director

The notes on pages 11 to 22 form part of these financial statements.

Page 9

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2025

Note
Cash flows from operating activities
Net cash provided by/(used in) operating activities
16
Cash flows from investing activities:
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
17		 2025
£
91,802
(4,147)
(4,147)
87,655
463,904
551,559		 2024
£
(27,177)
(1,333)
(1,333)
(28,510)
492,414
463,904

The notes on pages 11 to 22 form part of these financial statements.

Page 10

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

International Institute of Communications meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

These financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

1.2 Company status

The charitable company is a company limited by guarantee, incorporated in England & Wales. The principal place of business is Suite 107, 238 Merton High Street, Wimbledon, SW19 1AU. The members of the company are the Directors named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

1.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations and sponsorship are recognised in the period in which they are receivable.

Amounts received to fund projects are taken to the statement of financial activities in the period in which related expenditure is made on the projects.

When income is received relating to a future accounting period, the statement of financial activities shows the gross amount received together with the changes in the amounts deferred to future accounting periods. Deferred income at the year end is included in creditors.

Page 11

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

1. ACCOUNTING POLICIES (continued)

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

Direct charitable expenditure includes all expenditure directly related to the objects of the charity.

Fundraising costs are those incurred in efforts to retain and increase membership and do not include the costs of disseminating information in support of the charitable activities. Support costs are those incurred directly in support of expenditure on the objects of the company and include project management carried out at headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

1.5 Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings - 15% straight line
Computer equipment - 33% straight line

1.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

1.7 Operating leases

Rentals under operating leases are charged to the statement of financial activities incorporating income and expenditure account on a straight line basis over the lease term.

Page 12

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

1. ACCOUNTING POLICIES (continued)

1.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.11 Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.12 Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.13 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the statement of financial activities incorporating income and expenditure account.

Page 13

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

1. ACCOUNTING POLICIES (continued)

1.14 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the statement of financial activities incorporating income and expenditure account over the expected useful lives of the assets concerned. Other grants are credited to the statement of financial activities incorporating income and expenditure account as the related expenditure is incurred.

1.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2. SUBSCRIPTION INCOME, PUBLICATIONS AND RESEARCH PROJECT INCOME

Subscriptions, publications and project income
Total 2024		 Restricted
funds
2025
£
2,450
1,141		 Unrestricted
funds
2025
£
682,251
674,331		 Total
funds
2025
£
684,701
675,472		 Total
funds
2024
£
675,472

Page 14

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

ANALYSIS OF INCOME

Corporate, Regulators and Institutional membership
Individual and Associate memberships
Intermedia
Sponsorship and fees from DCM Forum (Digital Communications
and Media Forum)
Sponsor members
Long Term Annual Sponsorship
Italy Chapter
Annual Conference fees
Research and Special projects
Future Leaders Competition (restricted income)
Commercial Program

Total		 2025
£
453,729
49,939
344
12,125
55,975
29,875
4,754
56,135
-
2,450
19,375

684,701		 2024
£
478,205
41,350
1,256
8,125
51,962
16,547
4,388
42,198
30,300
1,141
-
675,472

3. INVESTMENT INCOME

Bank interest receivable
Total 2024		 Restricted
funds

2025
£
-
-		 Unrestricted
funds
2025
£
6,255
6,157		 Total
funds
2025
£
6,255
6,157		 Total
funds
2024
£
6,157

4. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Charitable expenditure ( see note 7 )
Total 2024		 Restricted
funds

2025
£
1,000
-		 Unrestricted
funds
2025
£
589,198
667,375		 Total
funds
2025
£
590,198
667,375		 Total
funds
2024
£
667,375

Page 15

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

5. CHARITABLE EXPENDITURE

Direct costs
Future Leaders Competition (restricted
expenditure)
Media, forum and conference costs
Premises and related costs
Wages and salaries
Social security costs
Pension cost
Depreciation
Total 2024		 Charitable
expenditure
£
21,737
1,000
240,579
26,677
266,749
25,486
6,936
1,034
590,198
667,375		 Total
2025
£
21,737
1,000
240,579
26,677
266,749
25,486
6,936
1,034
590,198
667,375		 Total
2024
£
19,133
1,141
325,340
30,121
258,129
25,345
6,798
1,368
667,375

6. SUPPORT COSTS INCLUDING GOVERNANCE COSTS

Accountancy and compliance costs
Office costs		 Restricted
funds
Unrestricted
funds
2025
£
2025
£
-
19,379
-
330
-
19,709		 Total
funds
2025
£
19,379
330
19,709		 Total
funds
2024
£
19,980
-
19,980

Examiners' fees included in the above amounted to £3,650 (2024 - £3,285).

7. ANALYSIS OF EXPENDITURE

Raising funds
Charitable expenditure
Support and governance
costs
Total 2024		 Staff costs
Depreciation

2025
£
2025
£
-
-
299,171
1,034
-
-
299,171
1,034
290,272
1,368		 Other costs
2025
£
21,015
289,993
19,709
330,717
412,578		 Total
2025
£
21,015
590,198
19,709
630,922
704,218		 Total
2024
£
16,863
667,375
19,980
704,218

Page 16

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

8. NET INCOME/ EXPENDITURE

This is stated after charging:

2025 2024
£ £
Depreciation of tangible fixed assets:
- owned by the charity 1,034 1,368

During the year, no Directors received any remuneration (2024 - £NIL). During the year, no Directors received any benefits in kind (2024 - £NIL). During the year, no Directors received any reimbursement of expenses (2024 - £NIL).

9. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs		 2025
£
266,749
25,486
6,936
299,171		 2024
£
258,129
25,345
6,798
290,272

The average number of persons employed by the company during the year was as follows:

2025 2024
No. No.
Administrative staff 5 5
The number of higher paid employees was:
2025 2024
No. No.
In the band £60,001 - £70,000 1 1
In the band £90,001 - £100,000 1 1

Page 17

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

10. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Cost
At 1 February 2024
Additions
At 31 January 2025
Depreciation
At 1 February 2024
Charge for the year
At 31 January 2025
Net book value
At 31 January 2025
At 31 January 2024		 Fixtures and
fittings
£
1,839
-
1,839
1,839
-
1,839
-
-		 Computer
equipment
£
27,400
4,147
31,547
26,226
1,034
27,260
4,287
1,174		 Total
£
29,239
4,147
33,386
28,065
1,034
29,099
4,287
1,174

Page 18

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

11. DEBTORS

DEBTORS
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
148,844
252
23,174
172,270		 2024
£
172,160
252
21,025
193,437

12. CREDITORS: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
4,351
14,987
11,999
414,648
445,985		 2024
£
1,699
13,182
6,041
415,496
436,418

Included in deferred income above is income received in advance of £405,863 (2024 - £410,888).

13. FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS
Financial assets measured at amortised cost
Financial liabilities measured at amortised cost		 2025
£
148,844
16,350		 2024
£
172,160
7,740

Page 19

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

14. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

Unrestricted funds
General Funds - all funds
Restricted funds
Restricted Funds - all funds
Total of funds
STATEMENT OF FUNDS - PRIOR YEAR
General Funds - all funds
Restricted funds
Restricted funds
Total of funds
SUMMARY OF FUNDS - CURRENT YEAR
General funds
Restricted funds		 Balance at 1
February
2024
£
222,097
-
222,097
Balance at
1 February
2023
£
244,686
-
244,686
Balance at 1
February
2024
£
222,097
-
222,097		 Income
£
688,506
2,450
690,956
Income
£
680,488
1,141
681,629
Income
£
688,506
2,450
690,956		 Expenditure
Balance at 31
January 2025
£
£
(629,922)
280,681
(1,000)
1,450
(630,922)
282,131
Expenditure
Balance at 31
January 2024
£
£
(703,077)
222,097
(1,141)
-
(704,218)
222,097
Expenditure
Balance at 31
January 2025
£
£
(629,922)
280,681
(1,000)
1,450
(630,922)
282,131

Page 20

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

14. STATEMENT OF FUNDS (continued)

SUMMARY OF FUNDS - PRIOR YEAR

General funds
Restricted funds		 Balance at
1 February
2023
£
244,686
-
244,686		 Income
Expenditure
Balance at 31
January 2024
£
£
£
680,488
(703,077)
222,097
1,141
(1,141)
-
681,629
(704,218)
222,097

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Tangible fixed assets
Current assets
Creditors due within one year
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Tangible fixed assets
Current assets
Creditors due within one year		 Restricted
funds
2025
£
-
1,450
-
1,450
Restricted
funds
2024
£
-
-
-
-		 Unrestricted
funds
2025
£
4,287
722,379
(445,985)
280,681
Unrestricted
funds
2024
£
1,174
657,341
(436,418)
222,097		 Total
funds
2025
£
4,287
723,829
(445,985)
282,131
Total
funds
2024
£
1,174
657,341
(436,418)
222,097

Page 21

INTERNATIONAL INSTITUTE OF COMMUNICATIONS

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

16. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the year (as per Statement of Financial
Activities)
Adjustment for:
Depreciation charges
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by/(used in) operating activities		 2025
£
60,034
1,034
21,167
9,567
91,802		 2024
£
(22,589)
1,368
(26,138)
20,182
(27,177)

17. ANALYSIS OF CASH AND CASH EQUIVALENTS

Cash in hand
Deposit account
Current account
Total		 2025
£
-
319,638
231,921
551,559		 2024
£
17
313,384
150,503
463,904

18. RELATED PARTY TRANSACTIONS

Related party transactions when they occur are disclosed in the related supporting notes. There were no related party transactions in this year or the prior year.

19. CONTROLLING PARTY

The company is controlled by its members through its Board of Directors.

Page 22