REGISTERED COMPANY NUMBER: 05031434 (England and Wales)
REGISTERED CHARITY NUMBER: 1105075
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2021
FOR
THE INTERNATIONAL SOCIETY FOR AFFECTIVE DISORDERS
Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28th February 2021
|
Page |
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 to 4 |
Statement of Financial Activities |
5 |
Balance Sheet |
6 to 7 |
Notes to the Financial Statements |
8 to 14 |
Detailed Statement of Financial Activities |
15 to 16 |
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
REPORT OF THE TRUSTEES
for the year ended 28th February 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended28thFebruary2021. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
ISAD is a societyof people(fromany disciplineor country)who are activein the field of affective disorders
research in a caring or a professional capacity or advocacy.
TheISADexiststopromoteresearchintoaffectivedisordersthroughallrelevantscientific disciplines,
includinggenetics,neuroscienceandthesocialandbehaviouralsciences.Inter-disciplinary research
approaches are particularly highly valued by the society.
Activities Review
Covid19seriouslycurtailedISAD'sactivityastheinternationalFellowshipweredrawnbackintofront line
healthcareanduniversitiesacrosstheworldsuspendedactivities.Internationalmeetingswere inevitably
postponed.Despitethedifficultiestheacademiccommunitymovedquicklytoavirtualmodel.ISAD was
able to replacemeetingswith virtualoffers.We hope to be able to resumeface to face activitiesas soon as
it is safe to do so once more.
ISAD Biennial Conference 2020
Covid19meantthatourplannedmeetinginMilanwaspostponed.InitsplaceISADranavery successful
webinar in December 2020, Difficult to treat depression (TRD). What guidelines tell us and beyond
Latest Advances in Psychiatry, 2021
Our collaborationwithWileypublishingcontinuedin 2021witha virtualevent.Pleasingly,attendance was
up on previous years despite the pandemic.
FUTURE PLANS
Latest Advances in Psychiatry, 2022
Our collaboration with Wiley publishing continues in 2022 with the next in the LAP series.
ISAD Biennial Conference 2022
Our next meeting will be held in Milan, Italy in collaboration with the University of Milan CV19 allowing.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05031434 (England and Wales)
Page 1
THE INTERNATIONAL SOCIETY FOR AFFECTIVE DISORDERS
REPORT OF THE TRUSTEES
for the year ended 28th February 2021
Registered Charity number
1105075
Registered office
Institute of Psychiatry
Kings College London
PO72 ,De Crespigny Park
Denmark Hill
London
SE5 8AF
Trustees
Professor M Alsuwaidan Professor Of Psychiatry
Professor A Cleare Doctor
Prof S Kennedy Professor Of Psychiatry
Professor H Ruhe Professor Of Psychiatry
Professor J L Scott Medical Academic
Prof A Young Professor Of Psychiatry
Dr S Parikh Doctor
Dr R M Pinder Doctor
Dr M A Frye Physician
Ms K R Merikangas Research Scientist
Dr J C Soares Professor of Psychiatry
Company Secretary
Dr S Parikh
Independent Examiner
Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB
Approved by order of the board of trustees on 29th September 2021 and signed on its behalf by:
Professor A Cleare - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
Independent examiner's report to the trustees of The International Society For Affective Disorders ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
28th February 2021.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsiblefor the preparationof the accountsin accordancewith the requirementsof the Companies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobe auditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationI havefollowedtheDirectionsgivenbytheCharityCommissionundersection 145(5)
(b) of the 2011 Act.
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
Independent examiner's statement
I have completedmy examination.I confirmthat no mattershave come to my attentionin 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Miss Katharine Jones
ACA
Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB
29th September 2021
Page 4
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 28th February 2021
2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
10,356
Charitable activities
Meeting Surplus
-
Other trading activities
2
28,935
Investment income
3
1
Total
39,292
EXPENDITURE ON
Raising funds
-
Charitable activities
Direct charitable expenditure
7,856
Other
1,622
Total
9,478
NET INCOME/(EXPENDITURE)
29,814
RECONCILIATION OF FUNDS
Total funds brought forward
16,758
TOTAL FUNDS CARRIED FORWARD
46,572 |
2020
Total
funds
£
11,866
4,268
1,799
2
17,935
6,960
18,660
1,588
27,208
(9,273)
26,031
16,758 |
|
|
The notes form part of these financial statements
Page 5
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
BALANCE SHEET
28th February 2021
2021
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
32
CURRENT ASSETS
Cash at bank
55,023
CREDITORS
Amounts falling due within one year
9
(8,483)
NET CURRENT ASSETS
46,540
TOTAL ASSETS LESS CURRENT LIABILITIES
46,572
NET ASSETS
46,572
FUNDS
10
Unrestricted funds
46,572
TOTAL FUNDS
46,572 |
2020
Total
funds
£
43
25,166
(8,451)
16,715
16,758
16,758
16,758
16,758 |
|
|
The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct 2006
for the year ended 28th February 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 28th February 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 6
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
BALANCE SHEET - continued
28th February 2021
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
29th September 2021 and were signed on its behalf by:
A Cleare - Trustee
The notes form part of these financial statements
Page 7
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28th February 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1 January2019)',FinancialReportingStandard102'The FinancialReporting Standard
applicablein theUK andRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.
Income
Allincomeis recognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
Fixtures and fittings- 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the
trustees.
Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.
Hire purchase and leasing commitments
Rentalspaid under operatingleasesare chargedto the Statementof FinancialActivitieson a straight
line basis over the period of the lease.
continued...
Page 8
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 28th February 2021
2. OTHER TRADING ACTIVITIES
2.
OTHER TRADING ACTIVITIES |
|
|
ISAD meeting income
3.
INVESTMENT INCOME
Deposit account interest |
2021
£
28,935
2021
£
1 |
2020
£
1,799 |
|
|
2020
£
2 |
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2021 |
2020 |
|
£ |
£ |
Accountancy |
1,622 |
1,588 |
Depreciation - owned assets |
11 |
15 |
Hire of plant and machinery |
6,906 |
7,250 |
5. TRUSTEES' REMUNERATION AND BENEFITS
Therewereno trustees'remunerationorotherbenefitsfortheyearended28thFebruary2021 nor
for the year ended 28th February 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended28thFebruary2021norforthe year
ended 28th February 2020.
continued...
Page 9
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 28th February 2021
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
Secretary
No employees received emoluments in excess of £60,000.
7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Meeting Surplus
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Direct charitable expenditure
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward |
2021
2020
-
1
Unrestricte
fund
£
11,866
4,268
1,799
2
17,935
6,960
18,660
1,588
27,208
(9,273)
26,031 |
|
|
continued...
Page 10
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 28th February 2021
7. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|
|
|
|
Unrestricte |
|
|
|
fund |
|
|
|
|
£ |
|
TOTAL FUNDS CARRIED FORWARD |
16,758 |
|
8. |
TANGIBLE FIXED ASSETS |
|
|
|
|
Fixtures |
|
|
|
and |
|
|
|
fittings |
|
|
|
£ |
|
|
COST |
|
|
|
At 29th February 2020 and |
|
|
|
28th February 2021 |
|
245 |
|
DEPRECIATION |
|
|
|
At 29th February 2020 |
|
202 |
|
Charge for year |
|
11 |
|
At 28th February 2021 |
|
213 |
|
NET BOOK VALUE |
|
|
|
At 28th February 2021 |
|
32 |
|
At 28th February 2020 |
|
43 |
continued...
Page 11
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 28th February 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Salaries
Other creditors
Accruals and deferred income |
2021
£
6,850
13
1,620
8,483 |
2020
£
6,850
13
1,588 |
|
|
8,451 |
10. MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Net
At
movement
At
29/2/20
in funds
28/2/21
£
£
£
16,758
29,814
46,572
16,758
29,814
46,572
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
39,292
(9,478)
29,814
39,292
(9,478)
29,814 |
|
|
continued...
Page 12
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 28th February 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
|
|
Net |
|
|
|
movement |
At |
|
At 1/3/19 |
in funds |
28/2/20 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
26,031 |
(9,273) |
16,758 |
TOTAL FUNDS |
26,031 |
(9,273) |
16,758 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
17,935
(27,208)
(9,273)
17,935
(27,208)
(9,273) |
|
|
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
At |
|
At 1/3/19 |
in funds |
28/2/21 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
26,031 |
20,541 |
46,572 |
TOTAL FUNDS |
26,031 |
20,541 |
46,572 |
continued...
Page 13
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28th February 2021
10. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
57,227
(36,686)
20,541
57,227
(36,686)
20,541 |
|
|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 28th February 2021.
Page 14
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 28th February 2021
INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Subscriptions
Other trading activities
ISAD meeting income
Investment income
Deposit account interest
Charitable activities
Meeting surpluses
Total incoming resources
EXPENDITURE
Raising donations and legacies
Website and computer costs
Charitable activities
Membership services
Conference and travel costs
Sundries
Depreciation of tangible fixed assets
Bank charges
Support costs
Governance costs
Accountancy |
2021
£
-
10,356
10,356
28,935
1
-
39,292
-
6,906
-
53
11
886
7,856
1,622 |
2020
£
1
11,865 |
|
|
11,866
1,799
2
4,268 |
|
|
17,935
6,960
7,250
10,509
26
15
860 |
|
|
18,660
1,588 |
This page does not form part of the statutory financial statements
Page 15
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 28th February 2021
Total resources expended
Net income/(expenditure) |
2021
£
9,478
29,814 |
2020
£
27,208
(9,273) |
|
|
|
This page does not form part of the statutory financial statements
Page 16