REGISTERED COMPANY NUMBER: 05031434 (England and Wales)
REGISTERED CHARITY NUMBER: 1105075
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023
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 2023
|
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 13 |
Detailed Statement of Financial Activities |
14 |
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
REPORT OF THE TRUSTEES
for the year ended 28th February 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended28thFebruary2023. 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
As theCovid19pandemichas graduallysubsidedduring2022ISADhas beenabletograduallyresume our
activities.
The Societyheld its first post pandemicface to face one day conference8th to 10th September2022at our
hostinstitution,theInstituteofPsychiatry,PsychologyandNeuroscience.ISADwasdelightedto partner
with the International Group for The Study of Lithium Treated Patients (IGSli) to encompass both Societies.
ISAD 12th ISAD Conference 2023, 14th to 16th December 2023
Covid19meantthatourplannedmeetingin Milanhadbeenpostponedonthreepreviousoccasions. We
areverypleasedtofinallybeabletoholdtheevent,hostedbytheUniversityof Milan.
https://www.isadconference.org/
FUTURE PLANS
Latest Advances in Psychiatry, 2024
Our collaboration with Wiley publishing will recommence in 2024.
ISAD Biennial Conference Series
Our next conference venue will be announced shortly.
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)
Registered Charity number
1105075
Page 1
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
REPORT OF THE TRUSTEES
for the year ended 28th February 2023
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 17th November 2023 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 2023.
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
Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB
20th November 2023
Page 4
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 28th February 2023
2023
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
9,976
Other trading activities
2
17,500
Total
27,476
EXPENDITURE ON
Raising funds
3,780
Charitable activities
Direct charitable expenditure
10,795
Other
1,770
Total
16,345
NET INCOME
11,131
RECONCILIATION OF FUNDS
Total funds brought forward
48,096
TOTAL FUNDS CARRIED FORWARD
59,227 |
2022
Total
funds
£
12,276
1,773 |
|
14,049 |
|
3,780
7,083
1,662 |
|
12,525 |
|
1,524
46,572 |
|
48,096 |
The notes form part of these financial statements
Page 5
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
BALANCE SHEET
28th February 2023
2023
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
16
CURRENT ASSETS
Cash at bank
67,820
CREDITORS
Amounts falling due within one year
7
(8,609)
NET CURRENT ASSETS
59,211
TOTAL ASSETS LESS CURRENT LIABILITIES
59,227
NET ASSETS
59,227
FUNDS
8
Unrestricted funds
59,227
TOTAL FUNDS
59,227 |
2022
Total
funds
£
24
56,584
(8,512)
48,072
48,096
48,096
48,096
48,096 |
|
|
The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct 2006
for the year ended 28th February 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 28th February 2023 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 2023
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
17th November 2023 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 2023
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 2023
2. OTHER TRADING ACTIVITIES
ISAD meeting income
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Accountancy
Depreciation - owned assets
Hire of plant and machinery |
2023
£
17,500
2023
£
1,770
8
6,000 |
2022
£
1,773 |
|
|
2022
£
1,662
8
6,000 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewereno trustees'remunerationorotherbenefitsfortheyearended28thFebruary2023 nor
for the year ended 28th February 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended28thFebruary2023norforthe year
ended 28th February 2022.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
|
Unrestricte |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Donations and legacies |
12,276 |
Other trading activities |
1,773 |
Total |
14,049 |
EXPENDITURE ON |
|
Raising funds |
3,780 |
Charitable activities |
|
Direct charitable expenditure |
7,083 |
Other |
1,662 |
continued...
Page 9
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28th February 2023
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
|
|
Unrestricte |
|
|
fund |
|
|
£ |
|
Total |
12,525 |
|
NET INCOME |
1,524 |
|
RECONCILIATION OF FUNDS |
|
|
Total funds brought forward |
46,572 |
|
TOTAL FUNDS CARRIED FORWARD |
48,096 |
6. |
TANGIBLE FIXED ASSETS |
|
|
|
Fixtures |
|
|
and |
|
|
fittings |
|
|
£ |
|
COST |
|
|
At 1st March 2022 and |
|
|
28th February 2023 |
245 |
|
DEPRECIATION |
|
|
At 1st March 2022 |
221 |
|
Charge for year |
8 |
|
At 28th February 2023 |
229 |
|
NET BOOK VALUE |
|
|
At 28th February 2023 |
16 |
|
At 28th February 2022 |
24 |
continued...
Page 10
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 28th February 2023
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Salaries
Other creditors
Accruals and deferred income |
2023
£
6,850
13
1,746
8,609 |
2022
£
6,849
13
1,650 |
|
|
8,512 |
8. MOVEMENT IN FUNDS
MOVEMENT IN FUNDS |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1/3/22 |
in funds |
28/2/23 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
48,096 |
11,131 |
59,227 |
TOTAL FUNDS |
48,096 |
11,131 |
59,227 |
Net movement in funds, included in the above are as follows: |
|
|
|
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
27,476 |
(16,345) |
11,131 |
TOTAL FUNDS |
27,476 |
(16,345) |
11,131 |
continued...
Page 11
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 28th February 2023
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
|
|
Net |
|
|
|
movement |
At |
|
At 1/3/21 |
in funds |
28/2/22 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
46,572 |
1,524 |
48,096 |
TOTAL FUNDS |
46,572 |
1,524 |
48,096 |
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
£
£
£
14,049
(12,525)
1,524
14,049
(12,525)
1,524 |
|
|
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
At |
|
At 1/3/21 |
in funds |
28/2/23 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
46,572 |
12,655 |
59,227 |
TOTAL FUNDS |
46,572 |
12,655 |
59,227 |
continued...
Page 12
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28th February 2023
8. 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
£
£
£
41,525
(28,870)
12,655
41,525
(28,870)
12,655 |
|
|
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 28th February 2023.
Page 13
THE INTERNATIONAL SOCIETY FOR AFFECTIVE
DISORDERS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 28th February 2023
INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Subscriptions
Other trading activities
ISAD meeting income
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
Other 2
Advertising
Governance costs
Accountancy
Total resources expended
Net income |
2023
£
-
9,976
9,976
17,500
27,476
3,780
6,000
3,054
726
8
977
10,765
30
1,770
16,345
11,131 |
2022
£
1
12,275 |
|
|
12,276
1,773 |
|
|
14,049
3,780
6,000
-
77
8
998 |
|
|
7,083
-
1,662 |
|
|
12,525 |
|
|
1,524 |
This page does not form part of the statutory financial statements
Page 14