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2025-12-31-accounts

Charity registration number 801142 (England and Wales)

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees M P Brown Dr P G Barnwell J Lipp Dr S Costello Charity registration England and Wales 801142 Principal address 125 High Street Chesterton Cambridge CB4 1NL Independent examiner Linda Dunford FCCA CTA Warner Wilde Limited Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF Bankers Lloyds Bank PLC PO Box 1000 Lewisham BX1 1LT Shawbrook Bank Limited Lutea House, Warley Hill Business Park The Drive Great Warley Brentwood Essex CM13 3BE

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 15

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

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

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 this object, and not otherwise, the Society has the power to:

Extend, increase and disseminate knowledge of microelectronics assembly and packaging through meetings, demonstrations, exhibitions and conferences, and through the publication of journals and other written material.

Collect and preserve literature, documents, recordings and other materials, whether published or not, and any equipment or finished product considered appropriate by the Committee, and to make these available for reference in support of education and technical development.

Affiliate or collaborate with other charitable bodies, institutions or societies with similar objects.

Maintain awareness of, and where appropriate cooperate in, the activities of societies concerned with related electronic engineering technologies, including semiconductor and printed circuit technologies.

Uphold the good standing of the Society and conduct its affairs in accordance with the Constitution, as amended from time to time.

Raise funds and invite and receive contributions by way of subscription, donation or otherwise, provided that the Society does not undertake permanent trading activities in furtherance of its charitable objects.

Undertake any other lawful activities that further the attainment of the Society’s objects.The Society’s objects do not extend to the regulation of relations between workers and employers or organisations of workers and organisations of employers.

There were no changes to the Society’s objects during the year.

Public Benefit

In planning and reviewing activities, the trustees have had due regard to the Charity Commission’s guidance on public benefit.

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

During 2025, IMAPS-UK continued to deliver a programme of technical conferences, workshops and training events in furtherance of its charitable objective to advance education in microelectronics and advanced packaging. These activities were aimed at supporting knowledge transfer across industry, academia and the wider engineering community.

The programme of in-person technical conferences included the society’s annual conference MicroTech 2025, held at the National Space Centre, Leicester, which focused on new frontiers in chip packaging.

The IMAPS-UK Academic Conference, held at London Institute of Healthcare Engineering, London, provided a forum for the presentation of academic and early career research and was offered free of charge to all attendees. This ensured open access to high quality technical content and reinforced the Society’s commitment to public benefit through research and education.

The Society supported and participated in other major national and international conferences during the year. This included organisation of the Centre for Power Electronics Annual Conference 2025, held at the University of Sheffield, which brought together academic, industrial and student communities, participation in the European Microelectronics Packaging Conference 2025 in Grenoble, and the delivery of Microelectronics UK 2025 at ExCeL London.

Several focused technical workshops and training events were also delivered, including an Electronics Inspection and Test Workshop in Bromsgrove, an Adhesives in Microelectronics Workshop in Leicester, a microelectronics Packaging Workshop delivered at Granta Park, Cambridge and a High Frequency Power Electronics and Drives workshop in Sheffield. Practical training was also provided through an Introduction to Wire Bonding training workshop held in London.

Across all events, programmes typically comprised invited keynote presentations, contributed technical papers and poster sessions, supporting both established practitioners and those at earlier stages of their careers. Attendance and engagement remained strong throughout the year.

In addition to in-person activities, the Society continued to develop and review online educational content. This included the launch of the first PEPTUS educational module on the Society’s website and a review of existing online learning resources to support wider access to technical education.

Supporting students and early career researchers remained a priority. During the year, reduced cost early career membership was introduced for individuals within five years of graduation, alongside the continued provision of bursaries, prizes and other forms of assistance to support participation at Society events.

The Society’s newsletter was circulated to members throughout the year, providing updates on activities and developments within the microelectronics community. The ongoing relationship with IMAPS North America continued to enhance access to international technical information and industry resources.

STEM outreach activity was further strengthened. In addition to the continued provision of educational electronics resources to schools, the Society approved additional charitable funding to support the distribution of electronics kits to primary schools through UK Electronics Skills Foundation. These activities were complemented by further educational initiatives aimed at increasing awareness of electronics and engineering among younger audiences.

IMAPS-UK also maintained strong links with the wider international IMAPS community. In September 2025, Martin Wickham, in his capacity as IMAPS-UK Chair, represented the Society at the IMAPS US Symposium, supporting international collaboration and knowledge exchange and helping to promote the interests and activities of IMAPS-UK on a global stage.

The trustees consider that these activities have furthered the Society’s charitable objectives and delivered demonstrable public benefit.

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Financial review

The trustees report that the Society achieved a satisfactory overall financial outcome for the year ended 31 December 2025, while recognising that operating results for the year must be considered in the context of individual event performance and the Society’s charitable objectives.

For the year, operating income totalled £83,417 and operating expenditure totalled £95,974, resulting in an operating deficit of £12,557. This position reflects the timing of income and expenditure across the year and the Society’s continued investment in charitable and educational activities. The trustees note that the final figures presented in the statutory accounts incorporate appropriate accruals, including membership income, and therefore differ from management figures used during the year.

Event activity continues to represent a significant component of the Society’s finances. Major events delivered during 2025 generated a mix of surpluses and planned deficits, with stronger surpluses achieved from MicroTech 2025 and the Centre for Power Electronics Annual Conference 2025, offsetting lower performance or investment-led deficits on other events, including the IMAPS-UK Academic Conference and Microelectronics UK 2025. The trustees consider this balanced approach appropriate in supporting both financial sustainability and charitable impact.

The charity’s reserves policy is to maintain unrestricted funds, not designated for a specific purpose, at a level equivalent to approximately twelve months’ expenditure. During the year, the trustees reaffirmed this policy and additionally recommended that a defined portion of surplus funds be ring fenced and actively applied to new and expanded charitable initiatives. This approach was adopted to ensure that surplus funds are used in furtherance of the Society’s charitable objectives rather than accumulated unnecessarily.

Reserves were £113,835 at the balance sheet date (2024: £126,392).

The trustees remain mindful that all surplus funds must be applied in furtherance of the Society’s charitable objectives. Opportunities to develop and enhance charitable activities continue to be kept under review.

The trustees have reviewed the principal risks facing the charity, including financial controls and compliance matters, and are satisfied that appropriate systems and procedures are in place to manage and mitigate these risks.

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 trustees thanked the committee following its previous recommendation to review and increase these activities, for establishing a new Charitable Activities Working Group, which met independently five times throughout the year with the remit to identify new charitable activities accordingly.

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 an unincorporated charity registered on 20 February 1980.

The trustees are responsible for the overall governance and strategic direction of the Society. During the year, trustees met formally and engaged regularly with the Committee through attendance at meetings, in addition to the annual Trustees’ meeting, to provide oversight of financial performance, risk management, compliance and the delivery of charitable activities.

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

Dr P G Barnwell J Lipp Dr S Costello

The trustees record their thanks to the Committee and the Secretariat for their work in delivering the Society’s programme of charitable activities during the year.

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Organisational structure

The day-to-day management of the Society is delegated to the Committee, which is responsible for the administration and operation of the Society’s activities. The Committee may establish sub committees as it considers appropriate, and all acts and proceedings of such sub committees are reported to the Committee.

The Committee comprises up to fifteen members, including the Chair, Vice Chair, Past Chair, Secretary, Treasurer and Membership Secretary, who serve as Office Bearers, together with ordinary Committee members. One individual may hold more than one office.

Tenure of Office or Appointment

Members of the Committee and Office Bearers are elected by the Society’s members at the Annual General Meeting, in accordance with the Constitution.

The Chair and Vice Chair serve for two years until the second Annual General Meeting following their election, subject to the provisions of the Constitution. The Past Chair serves until replaced by the retiring Chair. The Vice Chair may succeed to the office of Chair after two years if they so wish. A former Chair is not eligible for election to the position of Vice Chair until four years have elapsed since retiring as Past Chair.

All other Office Bearers and retiring Committee members are eligible for re election, either to the office from which they have retired or to another position on the Committee.

The trustees' report was approved by the Board of Trustees and is submitted for adoption by the members at the Annual General Meeting.

.............................. M P Brown

Trustee

13 March 2026 Date: .............................................

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 2025.

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.

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

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements 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 the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

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

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 financial statements to be reached.

Linda Dunford FCCA CTA

Warner Wilde Limited Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF Date: ............................16/03/2026

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Charitable activities 3 82,669 99,509
Investments 4 748 972
Total income 83,417 100,481
Expenditure on:
Raising funds 5 - 190
Charitable activities 6 95,974 125,950
Total expenditure 95,974 126,140
Net expenditure and movement in funds (12,557) (25,659)
Reconciliation of funds:
Fund balances at 1 January 2025 126,392 152,051
Fund balances at 31 December 2025 113,835 126,392

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

BALANCE SHEET

AS AT 31 DECEMBER 2025

Notes
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
The funds of the charity
Unrestricted funds
17		 2025
£
4,511
122,978
127,489
(13,654)		 £
113,835
113,835
113,835		 2024
£
9,789
131,149
140,938
(14,546)		 £
126,392
126,392
126,392

The financial statements were approved by the trustees on .........................13 March 2026

.............................. M P Brown Trustee

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

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

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. 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 or grantors 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.

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.

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

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

5 years, 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 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.

1.8 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.

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.

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

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 payments 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.

1.9 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.

3 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Charitable activities
Events Income 61,037 80,720
Services 4,234 4,224
Subscriptions 17,398 14,565
82,669 99,509

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

4 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 748 972
5 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Advertising - 190
6 Expenditure on charitable activities
Charitable Charitable
activities activities
2025 2024
£ £
Direct costs
Event costs 56,019 90,420
IMAPS Academy costs 4,187 -
60,206 90,420
Grant funding of activities (see note 7) 4,601 2,000
Share of support and governance costs (see note 8)
Support 23,753 25,291
Governance 7,414 8,239
95,974 125,950
Analysis by fund
Unrestricted funds - general 95,974 125,950

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

7 Grants payable
Charitable Charitable
activities activities
2025 2024
£ £
Grants to institutions:
UK Electronics Skills Foundation 2,000 2,000
Other 2,601 -
4,601 2,000
8 Support costs allocated to activities
2025 2024
£ £
Bank charges - 135
Secretariat services 20,447 20,407
Telephone 345 325
Internet and software 657 605
Insurance 698 698
Website design and maintenance 1,606 1,019
Other administrative costs - 2,002
Miscellaneous expenses - 100
Governance costs 7,414 8,239
31,167 33,530
Analysed between:
Charitable activities 31,167 33,530
2025 2024
Governance costs comprise: £ £
Independent Examiners fee 1,320 1,165
Trustee and committee meeting costs 4,894 5,814
Bookkeeping costs 1,200 1,260
7,414 8,239
9 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 1,320 1,165

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

10 Trustees

Three (2024: three) of the trustees were reimbursed £954 (2024: £2632) for accommodation, travel and subsistence expenses.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Intangible fixed assets

12 Intangible fixed assets
Website
£
Cost
At 1 January 2025 and 31 December 2025 4,800
Amortisation and impairment
At 1 January 2025 and 31 December 2025 4,800
Carrying amount
At 31 December 2025 -
At 31 December 2024 -
13 Tangible fixed assets
Computers
£
Cost
At 1 January 2025 984
At 31 December 2025 984
Depreciation and impairment
At 1 January 2025 984
At 31 December 2025 984
Carrying amount
At 31 December 2025 -
At 31 December 2024 -

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

14 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 2,792 3,845
Other debtors 23 -
Prepayments and accrued income 1,696 5,944
4,511 9,789
15 Creditors: amounts falling due within one year
14
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year		 2025
£
2,792
23
1,696
4,511		 2024
£
3,845
-
5,944
9,789
2025
2024
Notes
£
£
Other taxation and social security
-
667
Deferred income
16
4,490
10,065
Trade creditors
7,844
2,554
Accruals
1,320
1,260
13,654
14,546
16
Deferred income
2025
2024
£
£
Other deferred income
4,490
10,065
Deferred income is included in the financial statements as follows:
2025
2024
£
£
Deferred income is included within:
Current liabilities
4,490
10,065
Movements in the year:
Deferred income at 1 January 2025
10,065
23,295
Released from previous periods
(10,065)
(23,295)
Resources deferred in the year
4,490
10,065
Deferred income at 31 December 2025
4,490
10,065		 2024
£
667
10,065
2,554
1,260
14,546
2024
£
10,065
2024
£
10,065
10,065

INTERNATIONAL MICROELECTRONICS ASSEMBLY AND PACKAGING SOCIETY - UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
CPE surplus
General funds
Previous year:
At 1
CPE surplus
General funds		 January
2025
Incoming
resources
Resources
expended
Transfers
At 31
December
2025
£
£
£
£
£
13,758
34,264
(27,568)
-
20,454
112,634
49,153
(68,406)
-
93,381
126,392
83,417
(95,974)
-
113,835
January
2024
Incoming
resources
Resources
expended
Transfers
At 31
December
2024
£
£
£
£
£
6,659
-
(1,834)
8,933
13,758
145,392
100,481
(124,306)
(8,933)
112,634
152,051
100,481
(126,140)
-
126,392

The CPE surplus each year is set aside for specific expenditure as agreed by the trustees.

18 Related party transactions

There were no disclosable related party transactions during the year (2024 - none), other than disclosed in note 10.