``` REGISTERED COMPANY NUMBER: 05031434 (England and Wales) REGISTERED CHARITY NUMBER: 1105075 ``` ``` Report of the Trustees and ``` ## **`Financial Statements`** ``` for the Year Ended 28 February 2025 ``` ## **`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 28 February 2025 ``` ||**`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 28 February 2025 ``` ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their reportwiththefinancialstatementsofthecharityfortheyearended28February2025.Thetrustees have adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicableto charitiespreparingtheiraccountsin accordancewith the FinancialReportingStandardapplicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` ISADisasocietyofpeople(fromanydisciplineorcountry)whoareactiveinthefieldofaffective disorders research in a caring or a professional capacity or advocacy. ``` ``` TheISADexiststopromoteresearchintoaffectivedisordersthroughallrelevantscientificdisciplines, including genetics,neuroscienceandthesocialandbehaviouralsciences.Inter-disciplinaryresearchapproaches are particularly highly valued by the society. ``` ## **`Activities Review`** ## **`ISAD Dubai 2024`** ``` ISAD was invited to attend the Dubai Masterclass in December 2024 and presented a symposium ``` ## **`ISAD London 2025: Mapping the Future of Affective Disorder Treatments`** ``` TheISAD2025RegionalMeeting,hostedbytheCentreforAffectiveDisorders(CfAD)tookplaceatthe ORTUS event venue 7&8th November 2025. ``` ``` TheScientificProgrammeincludedstimulatingtalksandinteractivesessionsbyleadingexpertsandearly career researchers,reflectingthewidespectrumofresearchinaffectivedisorders,withafocuson optimisation, innovation, and personalisation of treatments. ``` ## **`FUTURE PLANS`** ## **`ISAD Biennial Conference Series`** ``` Our next conference venue will be announced shortly. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany, 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 28 February 2025 ``` ## **`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 16 March 2026 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 28 February 2025. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are responsibleforthe preparationof the accountsin accordancewiththe requirementsof the CompaniesAct 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the 2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyour charity's accountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarryingout my examinationI have followedthe Directionsgiven by the CharityCommissionunder Section145(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 havecompletedmyexamination.I confirmthatnomattershavecometomyattentioninconnectionwith 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 attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` Mr Ryan Cottington ACA ``` ``` Sandison Lang Limited 2 St Marys Road Tonbridge Kent TN9 2LB ``` ``` 16 March 2026 ``` ``` Page 4 ``` ``` THE INTERNATIONAL SOCIETY FOR AFFECTIVE DISORDERS ``` ## **`Statement of Financial Activities`** ## **`for the Year Ended 28 February 2025`** |||**`2025`**|`2024`| |---|---|---|---| |||**`Unrestricted`**|| |||**`fund`**|`Total funds`| ||`Notes`|**`£`**|`£`| |**`INCOME AND ENDOWMENTS FROM`**|||| |`Donations and legacies`||**`5,000`**|`8,452`| |`Other trading activities`|`2`|**`21,924`**|`-`| |`Investment income`|`3`|**`53`**|`50`| |**`Total`**||**`26,977`**|`8,502`| |**`EXPENDITURE ON`**|||| |`Raising funds`||**`3,780`**|`3,780`| |**`Charitable activities`**|||| |`Direct charitable expenditure`||**`7,514`**|`20,441`| |`Other`||**`(6,850)`**|`1,870`| |**`Total`**||**`4,444`**|`26,091`| |**`NET INCOME/(EXPENDITURE)`**||**`22,533`**|`(17,589)`| |**`RECONCILIATION OF FUNDS`**|||| |`Total funds brought forward`||**`41,638`**|`59,227`| |**`TOTAL FUNDS CARRIED FORWARD`**||**`64,171`**|`41,638`| ``` The notes form part of these financial statements ``` ``` Page 5 ``` ``` THE INTERNATIONAL SOCIETY FOR AFFECTIVE ``` ## **`DISORDERS`** ## **`Balance Sheet`** ## **`28 February 2025`** |||**`2025`**|`2024`| |---|---|---|---| |||**`Unrestricted`**|| |||**`fund`**|`Total funds`| ||`Notes`|**`£`**|`£`| |**`FIXED ASSETS`**|||| |`Tangible assets`|`7`|**`6`**|`8`| |**`CURRENT ASSETS`**|||| |`Cash at bank`||**`66,179`**|`50,339`| |**`CREDITORS`**|||| |`Amounts falling due within one year`|`8`|**`(2,014)`**|`(8,709)`| |**`NET CURRENT ASSETS`**||**`64,165`**|`41,630`| |**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||**`64,171`**|`41,638`| |**`NET ASSETS`**||**`64,171`**|`41,638`| |**`FUNDS`**|`9`||| |`Unrestricted funds`||**`64,171`**|`41,638`| |**`TOTAL FUNDS`**||**`64,171`**|`41,638`| ``` The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006for the year ended 28 February 2025. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 28 February 2025 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`** ``` 28 February 2025 ``` ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies subject to the small companies regime. ``` ``` The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 16 March2026 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 28 February 2025 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102, have beenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities: StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1 January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicableinthe UK and Republicof Ireland'and the CompaniesAct 2006.The financialstatementshavebeen prepared under the historical cost convention. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligation committing thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequired in settlementand the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on an accrualsbasisandhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothe category. Wherecostscannotbe directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivities on a basis consistent with the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoverits estimated useful life. ``` ``` Fixtures and fittings- 25% on reducing balance ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ``` continued... ``` ``` Page 8 ``` ``` THE INTERNATIONAL SOCIETY FOR AFFECTIVE DISORDERS ``` ## **`Notes to the Financial Statements - continued for the Year Ended 28 February 2025`** ## **`2. OTHER TRADING ACTIVITIES`** |**`2.`**
**`OTHER TRADING ACTIVITIES`**||| |---|---|---| |`ISAD meeting income`
**`3.`**
**`INVESTMENT INCOME`**
`Deposit account interest`|**`2025`**
**`£`**
**`21,924`**
**`2025`**
**`£`**
**`53`**|`2024`
`£`
`-`| |||`2024`
`£`
`50`| ## **`4. NET INCOME/(EXPENDITURE)`** ``` Net income/(expenditure) is stated after charging/(crediting): ``` ||**`2025`**|`2024`| |---|---|---| ||**`£`**|`£`| |`Accountancy`|**`1,592`**|`1,870`| |`Depreciation - owned assets`|**`2`**|`8`| ## **`5. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended28February2025norfor the year ended 29 February 2024. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended28February2025norfortheyear ended 29 February 2024. ``` ``` continued... ``` ``` Page 9 ``` ``` THE INTERNATIONAL SOCIETY FOR AFFECTIVE DISORDERS ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 28 February 2025`** ## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**|| |---|---| ||`Unrestricted`| ||`fund`| ||`£`| |**`INCOME AND ENDOWMENTS FROM`**|| |`Donations and legacies`|`8,452`| |`Investment income`|`50`| |**`Total`**|`8,502`| |**`EXPENDITURE ON`**|| |`Raising funds`|`3,780`| |**`Charitable activities`**|| |`Direct charitable expenditure`|`20,441`| |`Other`|`1,870`| |**`Total`**|`26,091`| |**`NET INCOME/(EXPENDITURE)`**|`(17,589)`| |**`RECONCILIATION OF FUNDS`**|| |`Total funds brought forward`|`59,227`| |**`TOTAL FUNDS CARRIED FORWARD`**|`41,638`| ``` continued... ``` ``` Page 10 ``` ``` THE INTERNATIONAL SOCIETY FOR AFFECTIVE DISORDERS ``` ## **`Notes to the Financial Statements - continued`** ``` for the Year Ended 28 February 2025 ``` ## **`7. TANGIBLE FIXED ASSETS`** |**`TANGIBLE FIXED ASSETS`**|| |---|---| ||`Fixtures`| ||`and`| ||`fittings`| ||`£`| |**`COST`**|| |`At 1 March 2024 and 28 February 2025`|**`245`**| |**`DEPRECIATION`**|| |`At 1 March 2024`|**`237`**| |`Charge for year`|**`2`**| |`At 28 February 2025`|**`239`**| |**`NET BOOK VALUE`**|| |`At 28 February 2025`|**`6`**| |`At 29 February 2024`|`8`| ## **`8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |---|---|---| |`Salaries`
`Other creditors`
`Accruals and deferred income`|**`2025`**
**`£`**
**`-`**
**`34`**
**`1,980`**
**`2,014`**|`2024`
`£`
`6,850`
`13`
`1,846`| |||`8,709`| ``` continued... ``` ``` Page 11 ``` ``` THE INTERNATIONAL SOCIETY FOR AFFECTIVE DISORDERS ``` ## **`Notes to the Financial Statements - continued for the Year Ended 28 February 2025`** ## **`9. MOVEMENT IN FUNDS`** |**`MOVEMENT IN FUNDS`**|||| |---|---|---|---| |||`Net`|| |||`movement`|| ||`At 1/3/24`|`in funds`|`At 28/2/25`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|**`41,638`**|**`22,533`**|**`64,171`**| |**`TOTAL FUNDS`**|**`41,638`**|**`22,533`**|**`64,171`**| |`Net movement in funds, included in the above are as follows:`|||| ||`Incoming`|`Resources`|`Movement`| ||`resources`|`expended`|`in funds`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|**`26,977`**|**`(4,444)`**|**`22,533`**| |**`TOTAL FUNDS`**|**`26,977`**|**`(4,444)`**|**`22,533`**| |**`Comparatives for movement in funds`**|||| |||`Net`|| |||`movement`|| ||`At 1/3/23`|`in funds`|`At 29/2/24`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|`59,227`|`(17,589)`|`41,638`| |**`TOTAL FUNDS`**|`59,227`|`(17,589)`|`41,638`| ``` continued... ``` ``` Page 12 ``` ``` THE INTERNATIONAL SOCIETY FOR AFFECTIVE DISORDERS ``` ``` Notes to the Financial Statements - continued for the Year Ended 28 February 2025 ``` ## **`9. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` ||`Incoming`|`Resources`|`Movement`| |---|---|---|---| ||`resources`|`expended`|`in funds`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|`8,502`|`(26,091)`|`(17,589)`| |**`TOTAL FUNDS`**|`8,502`|`(26,091)`|`(17,589)`| ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |||`Net`|| |---|---|---|---| |||`movement`|| ||`At 1/3/23`|`in funds`|`At 28/2/25`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|`59,227`|`4,944`|`64,171`| |**`TOTAL FUNDS`**|`59,227`|`4,944`|`64,171`| ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the above are as follows: ``` ||`Incoming`|`Resources`|`Movement`| |---|---|---|---| ||`resources`|`expended`|`in funds`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|`35,479`|`(30,535)`|`4,944`| |**`TOTAL FUNDS`**|`35,479`|`(30,535)`|`4,944`| ``` continued... ``` ``` Page 13 ``` ``` THE INTERNATIONAL SOCIETY FOR AFFECTIVE DISORDERS ``` ``` Notes to the Financial Statements - continued for the Year Ended 28 February 2025 ``` ## **`10. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 28 February 2025. ``` ``` Page 14 ``` ``` THE INTERNATIONAL SOCIETY FOR AFFECTIVE DISORDERS ``` ## **`Detailed Statement of Financial Activities for the Year Ended 28 February 2025`** |**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Gifts`
`Subscriptions`
**`Other trading activities`**
`ISAD meeting income`
**`Investment income`**
`Deposit account interest`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Raising donations and legacies`**
`Website and computer costs`
**`Charitable activities`**
`Membership services`
`Conference and travel costs`
`Sundries`
`Fixtures and fittings`
`Bank charges`
**`Other`**
`Wages`|`2025`
`£`
**`5,000`**
**`-`**
**`5,000`**
**`21,924`**
**`53`**
**`26,977`**
**`3,780`**
**`3,180`**
**`1,792`**
**`48`**
**`2`**
**`900`**
**`5,922`**
**`(6,850)`**|`2024`
`£`
`1`
`8,451`| |---|---|---| |||`8,452`
`-`
`50`| |||`8,502`
`3,780`
`4,500`
`14,789`
`48`
`8`
`1,096`| |||`20,441`
`-`| ``` 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 28 February 2025`** |**`Support costs`**
**`Governance costs`**
`Accountancy`
`Total resources expended`
**`Net income/(expenditure)`**|`2025`
`£`
**`1,592`**
**`4,444`**
**`22,533`**|`2024`
`£`
`1,870`
`26,091`
`(17,589)`| |---|---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 16 ```