This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Charity registration number 801142

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

M P Brown Dr P G Barnwell A Fairbairn J Lipp (Appointed 19 January 2023)

Charity number 801142 Principal address Ocean's Beat 11 Edwards Close Thurlstone Kingsbridge Devon TQ7 3BP

Independent examiner F J Wilde FCCA MBA DChA Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

	Page
Trustees' report	1 - 3
Independent examiner's report	4
Statement of financial activities	5 - 6
Balance sheet	7
Notes to the financial statements	8 - 16

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) " (effective 1 January 2019 ).

Objectives and activities

The Society shall be a voluntary, non-profit making body of persons associated for the purpose of hereinafter appearing namely:

To advance education in the science and application of hybrid microelectronics for the benefit of the public.

In furtherance of the foregoing but not further or otherwise the Society shall have the following powers:

(a) to extend, increase and disseminate knowledge of microelectronics assembly and packaging, for which purpose meetings may be held, demonstrations given, exhibitions and conferences promoted, pamphlets, journals and other writings published.

(b) to collect and preserve literature, documents, recordings or other writings whether published or not, or any equipment or finished product which the Committee may consider desirable to retain, and to make such available for reference, thereby to assist the knowledge, development and improvement of the science and application of microelectronics assembly and packaging.

(c) to affiliate or join in association with any other charitable body, institution or society holding similar interests and objects in their pursuit of the above objects.

(d) to maintain awareness of and where appropriate, co-operate in the activities of those societies concerned with related electronic engineering technologies, for example, semi-conductor technology and printed circuit technology.

(e) to uphold the good standing of the Society and conduct its affairs in accordance with this Constitution as it now is or may be later amended.

(f) to raise funds and to invite and receive contributions from any person or persons whatsoever by way of subscription, donation or otherwise, provided that the Society shall not undertake any permanent Trading activities in raising funds for its charitable objects.

(g) to do all of such other lawful things as shall further the attainment of the above objects.

The Society's objects shall not extend to the regulation of relations between workers and employers or organisations of workers and organisations of employers.

There has been no change in these during the year.

Public Benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance

During the year the Society ran several events and workshops which were all well attended. With a return to normal working practices following the pandemic, the society’s conferences were once again held in-person, with a series of educational webinars offered online.

A new Power Electronics Packaging Training Workshop supported by an Innovate UK Project “Power Electronics Packaging – Training and Upskilling” and funded by the Driving the Electric Revolution Initiative, an ISCF Challenge delivered by UK Research and Innovation has helped the society further strengthen its educational programme and knowledge transfer activities.

The Society’s newsletter continued to be circulated to members. The ongoing relationship with IMAPS North America allowed members access to a wide range of industry technology and information.

Financial review

The trustees are pleased to report that the Society had a successful financial performance. They thanked the Committee and the Secretariat for their hard work in achieving this. At the same time the trustees are mindful of the charitable status of the Society, which means excess funds should be spent in accordance with its stated objectives. The Committee has been encouraged to review and increase these activities to carry this through, with particular reference to further its educational and academic activities. The Society is also retaining funds to support the running of the 2023 European Microelectronics Packaging Conference (EMPC).

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 around twelve 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 charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Total reserves were £120,696 at the balance sheet date, being £116,196 unrestricted general funds and £4,500 unrestricted designated funds.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a n unincorporated charity registered on 20 February 1980.

The trustees who served during the year and up to the date of signature of the financial statements were:

S Muckett (Resigned 31 October 2022) M P Brown Dr P G Barnwell A Fairbairn J Lipp (Appointed 19 January 2023)

During the year Steve Muckett retired as a trustee and John Lipp was appointed in his place. This recruitment was by informal discussion amongst the trustees and officers and approved at the AGM on the 31st March 2023.

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY- UK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 OTrynlsatl¢)nal ¥tructhr• The running of the Society and the management of ts affalrs shall be vested entirety in the Commlttee lch may appolnt sU0mmIttee$ as it considers appropri*, provided that all acts arKI proceedings of such sub- committees sh811 be reported back to the C¢Jmmittee as Xjon as possible. The Committee shall consist of up to fifteen members and shall have the following mPOSItion. Chair, Vice Chalr. Past Chair, Secretary, Treasurer. Membership Secretay, all of wthom shall be OffKe Bearers, while other Members SI11 be ordinary Members of the Committee. One person Thy OcpY more than Tènurg crfOfflGe or Appolntm•nt Members of the Committee and Office Bearers Shall be elected by the vote of Society Members preserrt at each Annual General Meeting. The exception to this 18 the &lect¢on for the position of Chair, who shall serve for years until the second AGM follng that at which elected and of the Vlce Chair vtho. rfwlling, shall $0 serve until the secondAGM following Ihat al which elected, wlhout reeleGlion al the Intervenlng AGM. The Past Chair shall serve until replaced by the retiring Chair. The Vice Chair shall succeed to the office of Chair automatically after Iwo year$ Should he so vAsh. No prevlous Chair shall be 8ligible for election to the position of Mce-chalr untll a pwbd of 4 years ha5 elaps&J sln¢e Trliring as Past Chalr. All othgr Office Bearern and retiring Membets are eliglble for r&eledion either to the Office from whlch they have retired or to a different posldon on the Commsitee. The trustees, Teport was app by the Boartj of Trustses. Dr P G 8aM11 Trustee Date.. 2c)23

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

I report to the trustees on my examination of the financial statements of International Microelectronics Assembly and Packaging Society - UK (the charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement - matter of concern identified

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I have identified matters of concern that give me reasonable cause to believe that the financial statements prepared for the charity are not fully compliant with the requirements of The Charities (Accounts and Reports) Regulations 2000 section 3(6)a and have not been prepared fully in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

The balance for one of the bank accounts is not updated to the balance sheet date because statements are only received annually sometime after the accounts are examined. The trustees have confirmed that the only account entries are interest received. We are satisfied that the accounts are not materially misstated in this respect.

I confirm that no other matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2 the financial statements do not accord with those records; or
3 except for the matter of concern noted above, the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

I confirm that there are 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 financial statements to be reached.

F J Wilde FCCA MBA DChA

Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF

Dated: .........................

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

Current financial year Unrestricted Unrestricted Restricted funds funds funds general d esignated 2022 2022 2022 Notes £ £ £ Income from: Donations and legacies 3 - - 22,508 Charitable activities 4 96,683 - - Investments 5 61 - - Total income 96,744 - 22,508 Expenditure on: Raising funds 6 1,270 - - Charitable activities 7 74,244 - 22,508 Total expenditure 75,514 - 22,508 Net income for the year/ Net movement in funds 21,230 - - Net income for the year/ Net movement in funds 21,230 - - Fund balances at 1 January 2022 94,966 4,500 - Fund balances at 31 December 2022 116,196 4,500 -	Total 2022 £ 22,508 96,683 61 119,252 1,270 96,752 98,022 21,230 21,230 99,466 120,696	Total 2021 £ - 63,929 750 64,679 - 29,496 29,496 35,183 35,183 64,283 99,466

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

Prior financial year
Unrestricted Unrestricted
funds
funds
general d esignated
2021
2021
Notes
£
£
Income from:
Charitable activities
4
63,929
-
Investments
5
750
-
Total income
64,679
-
Expenditure on:
Charitable activities
7
29,496
-
Total expenditure
29,496
-
Gross transfers between funds
(4,500)
4,500
Net income for the year/
Net movement in funds
30,683
4,500
Fund balances at 1 January 2021
64,283
-
Fund balances at 31 December 2021
94,966
4,500

Total
2021
£
63,929
750
64,679
29,496
29,496
-
35,183
64,283
99,466

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY- UK BALANCE SHEEr ASAT31 DECEMBER 2022 2022 2021 Flxod ass•ts Tanglble assets 10 Gurrenl a68•ts Debtors Cash at bank and In hand 11 36.955 136,058 12.128 104,729 173,013 118,857 Crndltorn: amounts falling due Thlthln one year 12 (52,31n 117,553) Net ojrrent assets 120,696 99,304 T¢)tal assets Curffgnt Ilabllttle• 120.696 99.466 Income ndS tricted funds Design*ed funds General unrestricted funds 14 4.500 116,196 4.500 94,966 120.696 99,466 120,696 99.466 The Ilnancl81 statemer)ts were a Iq 2 c)13 Vgd by the Trustees on ......................... Dr P G Barn11 Tnts

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

International Microelectronics Assembly and Packaging Society - UK is a an unincorporated charity.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 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 are allocated on the portion of the asset’s use.

Website

5years, straight line basis

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers

3 years, straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity 's balance sheet when the charity 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 a 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 liability simultaneously.

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

10 -

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

3 Donations and legacies

4
5
6

Restricted
Total
funds
2022
2021
£
£
Grants receivable
22,508
-
Charitable activities
2022
2021
£
£
Events Income
69,703
51,468
Services
13,750
-
Subscriptions
13,230
12,461
96,683
63,929
Investments
UnrestrictedUnrestricted
funds
funds
general
general
2022
2021
£
£
Interest receivable
61
750
Raising funds
Unrestricted
Total
funds
general
2022
2021
£
£
Fundraising and publicity
Advertising
1,270
-
1,270
-

11 -

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Charitable activities

Depreciation and impairment Events Costs Share of support costs (see note 8) Share of governance costs (see note 8) Analysis by fund Unrestricted funds - general Restricted funds Support costs Support costs Governance costs £ £ Bank charges 1,121 - Secretariat Services 18,000 - Telephone and Fax 262 - Internet and Software 363 - Insurance 377 - Website Design and Maintenance 824 - Other administrative costs 78 - Independent Examiners Fee - 1,100 Trustee Meeting Costs - 3,575 21,025 4,675 Analysed between Charitable activities 21,025 4,675	2022 £ 162 70,890 71,052 21,025 4,675 96,752 74,244 22,508 96,752 2022 Support costs Governance costs £ £ £ 1,121 477 - 18,000 18,000 - 262 244 - 363 434 - 377 30 - 824 302 - 78 - - 1,100 - (1,120) 3,575 - 592 25,700 19,487 (528) 25,700 19,487 (528)	2021 £ 1,285 9,252 10,537 19,487 (528) 29,496 29,496 - 29,496 2021 £ 477 18,000 244 434 30 302 - (1,120) 592 18,959 18,959

8 Support costs

12 -

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Tangible fixed assets

Cost At 1 January 2022 At 31 December 2022 Depreciation and impairment At 1 January 2022 Depreciation charged in the year At 31 December 2022 Carrying amount At 31 December 2021 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income	Computers £ 984 984 822 162 984 162 2022 2021 £ £ 24,266 6,072 12,689 6,056 36,955 12,128

11 Debtors

12 Creditors: amounts falling due within one year

Notes Other taxation and social security Deferred income 13 Trade creditors Other creditors Accruals	2022 £ 4,126 45,168 1,402 301 1,320 52,317	2021 £ 2,378 12,145 1,710 - 1,320 17,553

13 -

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

13 Deferred income Other deferred income Deferred income is included in the financial statements as follows: Deferred income is included within: Current liabilities Movements in the year: Deferred income at 1 January 2022 Released from previous periods Resources deferred in the year Deferred income at 31 December 2022	2022 2021 £ £ 45,168 12,145 2022 2021 £ £ 45,168 12,145 12,145 11,667 (7,145) (11,667) 40,168 12,145 45,168 12,145

14 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

				Movement
				in funds
	Transfers		Balance at	Incoming	Balance at
		1	January 2022	resources	31 December
					2022
	£		£	£	£
CPE donation fund	4,500		4,500	-	4,500
	4,500		4,500	-	4,500

14 -

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

15 Analysis of net assets between funds Unrestricted funds Designated funds Restricted funds 2022 2022 2022 £ £ £ Fund balances at 31 December 2022 are represented by: Tangible assets - - - Current assets/(liabilities) 116,196 4,500 - 116,196 4,500 -	TotalUnrestricted funds Designated funds 2022 2021 2021 £ £ £ - 162 - 120,696 94,804 4,500 120,696 94,966 4,500	Total 2021 £ 162 99,304 99,466

15 -

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

16 Related party transactions

There were no disclosable related party transactions during the year (2021 - none) .

16 -

2022-12-31-accounts

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

CONTENTS

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

Objectives and activities

Public Benefit

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance

Financial review

Structure, governance and management

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

Responsibilities and basis of report

Independent examiner's statement - matter of concern identified

F J Wilde FCCA MBA DChA

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

1.1 Accounting convention

1.2 Going concern

1.3 Charitable funds

1.4 Income

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

1.5 Expenditure

1.6 Tangible fixed assets

1.7 Impairment of fixed assets

1.8 Cash and cash equivalents

1.9 Financial instruments

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

Basic financial assets

Basic financial liabilities

Derecognition of financial liabilities

1.10 Employee benefits

2 Critical accounting estimates and judgements

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

3 Donations and legacies

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Charitable activities

8 Support costs

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

9 Trustees

10 Tangible fixed assets

11 Debtors

12 Creditors: amounts falling due within one year

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

14 Designated funds

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

16 Related party transactions