INSTITUTE OF ALCOHOL STUDIES Company Number.. 5661538 Charity Number.. 1112671 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Kingston Burrowes Audlt Ltd 308 Ewell Road Surbiton Surrey, UK KT6 7AL
INSTITUTE OF ALCOHOL STUDIES Company Number: 5661538 Charity Number. 1112671 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS PAGES Directors, Report Independent Auditors, Report 8-10 Statement of Financial Activitr'es Balance Sheet 12 statement of Cash Flows 13 Notes forming part of the Financial Statements 14-19
INSTITUTE OF ALCOHOL STUDIES Company Number.. 5661538 Charity Number.. 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Directors of the Institute of Alcohol Studies (IAS} submit their annual report and the audited financial Statements for the year ended 31 March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, Companies Act 2006, the Mernorandum and Articles of Association and the 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 October 2019). IAS Ob"ectives and activlties The objectives of IAS are.. to educate and to preserve and protect the good health of the public by promoting the scièntific understanding of beverage alcohol and the individual, social and health conSequenS of its consumption. to promote measures for the prevention of alcohol related problems to promote for the public benefit. research into beverage alcohol and to publish the useful results. Our main work is based around helplng to bridge the gap beeen the scientitic evidence on alcohol and the wider public. We want to make all this evidence accessible to anyone with an interest in alcohol - politicians, reporters, health professionals, students, youth workers and others - and to advocate for effective responses that will reduce the toll of alcohol in soGiety This takes place through four major parts of our work.. We write occasional major reports and research papers We exchange information and advocate for evidence-based alcohol policy as active members of alliances and forums for public interest groups We produce up-to-date information and factsheets on key aspects of alcohol policy in the UK that are freely available on our website, and monthly magazine the Alcohol Alert We answer queries from the media and general public and make media appearances when requested 1. Pollc -relevan research activlties IAS published a three-year Strategy for the period 2023-2026 in June 2023. The main strategic priority for IAS during this period will be to explore and build support for action on alcohol-related inequalities. During 2023-24 IAS published the following reports that were made freely available on the IAS website and circulated to key stakeholders-. Off-trade alcohol availability and violence= Assessing the impact of on-trade outlet closures Language Bank-. Talking about inequalities in alcohol use and harm Cannabis Liberalisation.. Lessons for alcohol policy How have governments communicated U K alcohol duty policy changes? Dispelling six industry myths about alcohol taxation In addition. IAS organised and hosted a webinar 'Al¢ohol use in the cost-of-living crisis, which was free to attend.
INSTITUTE OF ALCOHOL STUDIES Company Number. 5661538 Charity Number. 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Icontd... The IAS Small Grants Scheme opened in 2022 and invited applications from earfy career researchers with novel ideas and proposals to help inform public policy debates relating to alcohol hann. Two funded projects were completed in 2023: Systematic review of modifications to alcohol brief interventions for people with cognitive decline Honest discussions about alcohol usè during pregnancy- an exploration of lay discussions on a British online parenting forum IAS hosted free weblnars for both these projects to enable the researchers to present their findings to a wide audience including policy officials, academics, advocacy organisations and practitioners. IAS continues to seek advice from its panel of Expert Advisors, drawing on a range of experience and skills relating to alcohol research and policy. Each of the IAS Expert Advisors was consultsd throughout the year. Activilies included peer reviewing IAS reports, drafting responses to consultations, and reviewing applications to the Small Grants Scheme. 2. Workin with networks and alliances IAS continues to play an actwe role in neOrkS and alliances that campaign to reduce alcohol harm. Below is an overview of initiatives that IAS has supported throughout the year. Alcohol Health Allian.. The AHA is an alliance of over 60 organisgtions. IAS supports the AHA by employing and co-funding the AHA Policy and Advocacy Man8ger and the IASIAHA Advocacy Support Officer. IAS is a member of the AHA steering group and chairs the AHA communications and advDcacy sub-group. Alcohol and Families Alliance.. The Alcohol and Families Alliance is hosted by AdFam and has 50 member organisations and associated individual members. The IAS Chief Executive sits on the steering Group which Meets four times a year. Eurocare.. IAS is a founding member of Eurocare {the European Alcohol Policy Alliance}, an alliance of non-governmental and public health organisations acioss European countries advocating the prevention and reduction of alcohol related harm in Europe. The Chief Executive of IAS sits on the Eurocare board. Associ81ion of Medical Research Charities.. IAS remains a member of the Association of Medical Research Charities (AMRC). Membership enables IAS to access training and guidan in relation to funding and supporting research and demonstrates IAS, commitment to supporting the best research and researchers. 3. Govemment Relations IAS continues to identify opportunities to inform alcohol policy debates and engage in government policy processes with the aim of securing a reduction in rates of alcohol harm. During the year, IAS responded to three government consultations and met with officials from govemment departments with responsibility for relevant alcohol policy portfolios including HM Treasury, Department for Health and Social Care, Home Office, Department for Environmental, Food and Rural Affairs and the OffiGe for Health Improvement and Disparities (OH ID). The IAS Chief Executive sits on the cross-govemment Alcohol Advlsory Group, convened by OHID, and is a member of the WHO Forum on Alcohol and Addictive Behaviours.
INSTITUTE OF ALCOHOL STUDIES Company Number.. 5661538 Charity Number. 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Icontd... 4. External Communications During the period 2023-24 IAS was mentioned in the media 1,170 times. The main stories related to a report by the Organisation for Economic C¢)-operation Development (OECD) which showed UK feEmale heavy episodic drinking rates were the highest in OECD countries and a report by Frontier Economics on the social and economic costs of preventable cancers in the UK. IAS updated its website in 2023 and began to produce a series of short films explaining key alcohol policy and research topics. Four films were produced and publicised in 2023-24.. Big Alcohol explained, Alcohol Marketing, Alcohol and Price and Alcohol and the Heart. The 'alcohol explained, films are freely available and have been viewed more than 8,000 times on the IAS YouTube channel. IAS also published 46 blogs during this period, covering topical policy and research developments. and continued to publish its monthly newsletter, 'Alcohol Alert., with an accompanying podcast. 5. Public Benefit IAS pursues aGtivities that aim to contribute to the improvement in the quality of life for the general public and to this end the Directors have taken into consideration the Charity Commission's guidance on public benefit, including the guidance "Public Benefit: running a charity {PB2)" IAS seeks to Influen public policy in a direction which would protect and promote the health 8nd welfare of individuals and the population at large, and to achieve this end it gathers relevant information. This is disseminated by means such as the website and social media accounts and on request can be freely accessed by any person with an interest in the subject. 6. Future Plans IAS moved office location to a flexible shared workspace for charities in early 2024. Staff and trustees will continue to monitor how the new office impacts on operations, collaboration opportunities and team building. In 2024-25 IAS will publish updated figures for the cost of alcchol harm in England, which will be made available at local authority level. In preparation for the UK General Elecl'on, IAS worked with nebNorks and alliances to develop manifesto recommendations for an incoming government. IAS also launched the nexl round of the Small Grants Scheme in April 2024. Financial revlew During the financial year IAS received £579,730, mainly from grant funding. Expenditure totalled £579,630 resulting in an excess of income over expenditure for the year of £100. Fundin The main source of IAS funding had been from a guaranteed support grant from the Alliance House Foundation. This grant has been confirmed for a further one-year period and IAS will seek to source further external funding to support and expand current and future 8Ctivities. Re erves Polic Reserves are held to cover any shortfall in income or to fund any unp5anned expenditure on activity which the Directors agree to pursue during the financial year. Unrestricted reserves at 31 March 2024 amounted to £610.
INSTITUTE OF ALCOHOL STUDIES Company Number: 5661538 Charity Number.. 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Icontd. Pension Li bili From 1 April 2010 the Charity joined a defined contribution scheme, the Flexible Retirement Plan with The Pensions Trust. There is no liability associated with this scheme. Investment Polic IAS does not hold any investments and does not have an investment policy. Princi al Fundin Sources The principal source of funding for the Charity is from grant funding. Expenditure during the year had been planned and the income had been adequate to cover these commitments. Goin Concern The Charity undertakes an annual Risk Assessment, which gives careful consideration to factors that may impact upon the ability of the Charity to move forward as a going concem, including business critical risks. The most recent assessment had given Directors Confiden that any risks had been sufficiently mitigated. Directors are coftfident the Charity is a going concern. Structure Governance and Mana ement The company had been established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. The Articles allow for a maxirnum of six Directors. The Directors meet three times per year. The Directors of the company are also Charity trustees for Ihe purpose of Charity law. New members of the Board are appointed by the Charity and are confirmed at the next annual general meeting. They are elected for a period of three years after which they retire by rotation and may seek re-election. Recruitment of Board of Directors Three of the Directors were appointed from ttie trustee body of Alliance House Foundation, it has been agreed that the other three would be recruited from professionals from the alcohol policy field. The Directors were appointed for their relevant Charitylprofessional skills particularly in the field of research and their interest in alcohol issues. The Charity conducted a skills audit to ensure that there is an appropriate mix of skills amongst the Board members, and this is updated annually and taken into account in future retirement and recruitment. Director Induction and Trainin All Directors are conversant with the day-to-day practical work of the Charity and Directors are kept up to date with developments in the charitable sector. Upon appointment all Directors attend an induction rneeting where their obligations under Charity and cJmpany law are explained. Directors are supplied with the Charity Commission WelcDrne Pack, the guide "The Essential Trustee" and details of the Gharity Commission guidance on public benefit. In addition, Directors are supplied with copies of the Memorandum and Articles of Associalion and the lalesi copy of the annual report and financial statements. Directors are invited to attend a regular strategic planning event, the latest of which had been held in London in December 2022. All Directors give their time voluntarily and receive no benefits from the Charity. Any expenses reclalmed trom the Charity are set out in note 10 of the accounts.
INSTITUTE OF ALCOHOL STUDIES Company Number.. 5661538 Charity Number.. 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Icontd... Risk Mana ement The Charity has conducted a review of the major risk5 to which the charity is exposed using guidancè produced by the Charity Commission. This will be an ongoing process of assessing the types of risk facing the Charity and identifying the means of mitigating those risks. The Charity maintains a risk register 8nd irrternal control risks are minimised by the applicats-on of internal procedures for the Charity. Or anisational Structure The Directors delegate the day-to-day management of the Charity to the IAS Chief ExeGUtive. The Directors tske decisions at their meetings or, when urgent decisions are necessary, the Chief Executive, in consultation with the Chair, makes these. The next meeting of the Board then ratifies these decisions. The Chief Executive is accountable to the Directors for the efficient running of the Institute of Alcohol Studies and is responsible for the implementation of the policies and strategies of behalf of the Directors. Remuneration Two members of the Board participate in the duties and responsibilities af 8 remuneration committee and are not themselves remunerated. IAS follows a remtjneration policy with agreed pay scales, which comprise four levelsl job grades with salary bands linked to core competencies and representative work activities. The IAS Chief Executive is placed on a spot salary outside these pay scales. The policy outlines three mechanisms whereby staff may be awarded a salary increase: the IAS Annual Pay Award, exceptional performance against agreed objectives and prornotion. The Remuneration Commiltee meets at least once every 12 months to determine any salary adjustments, based on kne criteria outlined in the remu neration policy. wth effect from 1st April 2023, the committee determined that there should be an Annual Pay Award of 40/0 together with a number of revisions to the IAS Staff Handbook. Employees also reived pension contrlbutions equivalent to 14.50/0 of gross salary with employees contributing 7.50/0.
INSTITUTE OF ALCOHOL STUDIES Company Number.. 5661538 Charity Number. 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Icontd... Reference and Adminlstrative informatlon The Institute of Alcohol Studies is a charitable company, number 5661538 limited by guarantee, incorporated on 22 December 2005 and registered with the Charity Commission for England and Wales under number 1112671 in 2006. Dxrectors Dr Peter M. Rice Reverend Dr Janet E. Tollington Professor Linda C. Bauld Mr Michael D. Carr Reverend Dr Stephen F. Skuce Ms Alice K. Wiseman (appointed 2510412023) Chair Vice Chair, RC & IAC RC&IAC Secreta to the Board of Directors Mr Paul R. Whitaker Re istered Officè Canopi Building, 82 Tanner Street, London, England, SE13GN Senior Mana ernent Team Dr Katherine R. E. Severi, Chief Executive of IAS Auditors Kingston Burrowes Audit Ltd, 308 Ewell Road, Surbiton, Surrey, UK KT6 7AL Bankers National Westminster Bank PLC, PO Box 3038, 57 Victoria Street London, SW1 H 9NH Solicitors Lee Bolton Monier Williams, 1 The Sanctuary, Westminster, London. SW1W OLS Board of Directors A resolution to re-appoint Reverend Dr Janet E. Tollington, who retires by rotation and will put herself forward for re-election, will be considered at the annual general meeting
INSTITUTE OF ALCOHOL STUDIES Company Number: 5661538 Charity Number: 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Icontd... Directors, Ros onsibilities Statement The Directors (who are also trustees of Institute of Alcohol Studies for the purposes of charity law} are responsible for preparing the Directors, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Directors are required to.. select suitable accounting policies and then apply them consi8tenly', observe the methods and principles in the Charities SORP 2019 IFRS 102); make judgements and estimates that are reasonable and prudenl,. state whether applicable UK Accounting Standards have been followed. subjeGt to any material departures disclosed and explained in the f nancial ststements", prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in OFeration. The Directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable thern to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and deteGtion of fraud and other irregularities. In so far as the Directors are aware: there is no relevant audit information of which the charitable company's auditor is unaware; and the Directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Auditors A resolution to re-appoirÉt Kingston Burrows Auditor Ltd as Auditors of the Company will be put to the Annual General Meeting. Exem tion Statement The Directors, Report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. roved d signed on beha of the Board. Dr Peter M. Rice Chair 15th November 2024
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF: INSTITUTE OF ALCOHOL STUDIES Opinion We have au(Jited the financial statements of I nstitute of Alcohol Stijdies (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, Balance Sheet, statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the fr'nancial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024, and of its incoming resources and application of resour$, including its income and expenditure, for the year then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordan with Internationa5 Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable Gompany in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where.. the DireGtors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate- or the Directors have not disclosed in the financial ststements any identified material uncertainties thal may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for Issue. Other informatlon The Directors are responsible for the other information. The other information comprises the information included in the Directors, Report, other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otheiSe appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financi21 statements or a matertal misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we a required to report that fact We have nothing to report in this regard.
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF: INSTITUTE OF ALCOHOL STUDIES Icontd... Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given in the trustees, report (incorporating th8 Directors. report) for the financial year for which the financial statements are prepared is consistent with the financial statements., and the Directors, report has been prepared in accordants with applicable legal requirements. Matters on which we are required to report by exceptlon In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us-, or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of Directors, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit., or the Directors were nol entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the Directors, report and from the requirement to prepare a strategic report. Responsibilities of DitOrS As explained more fully in the Directors, responsibilities statement set out on page 7, the trustees (who are also the Directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the Directors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the charitable company or to Cease operations, or have no realistic alternative but to do so. Auditor's responsibilitles for the audit of the financlal Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Mi5Statements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to inftuence the economic decisions of users taken on the basis of these fi'nancial statements. A further description of our responsibilities for the audit of the financial ststements is located on the Financial Reporting Council's website at: www.frc.org.uklauditorsresponsibilities. This description fonns part of our auditorfs report.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF.. INSTITUTE OF ALCOHOL STUDIES Icontd... Auditorfs responsibilities for the audit of the financial statemontslcontd... Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The splfIC procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below: Enquiry of management and those charged wth governance about actual and potential litigation or claims and the identification of non-compliance with laws and regulations. Reviewing minutes of meetings of those charged with governance. RevÈewing financial statement disclosures and testir)g to supporting documentation to assess Complian with applicable laws and regulations. Auditing the risk of management override of controls, including testing journal entries and other adjustments for appropriateness; assessing whether the judgements made in making accouriting estimates are indicative of a potential bias,. and evaluating the business rats'onale of any significant transactions that are unusual or outside the normal course of business. Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. Professional scepticism in course of the audit and with audit sampling in material audit areas. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a rnaterial misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the fi'nancial statements, as we will be less likely to become aware of instances of non-compli8nce. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. Mvw.frc.org.uklauditorsresponsibilities. This descriptton forms part of our auditorfs report. Use of our report This report is made solely to the charitable company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so Ihat vie might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Kevin Fisher FCA (Senior Statutory Auditor) For and on behalf of Kingston Burrowes Audit Ltd Statutory Auditors 308 Ewell Road Surbiton Surrey, UK KT6 7AL 15 November 2024 10
INSTITUTE OF ALCOHOL STUDIES STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Notes Unrestricted Restrtcted Funds Funds Total 2024 Total 2023 Income from: Donations and grants Charitable activities Other Investments- Bank interest 464,722 27 114,909 579,631 27 614,826 5,655 104 72 72 Total 464,821 114,909 579,730 620,589 Expenditure on: Charitable activities 464,721 114,909 579,630 620,489 Net Income 100 100 100 Tiansfers beeen funds Net movement in funds 14 100 100 100 Reconcilfjation of funds Total funds bought fonmard 14 510 510 410 Total funds carried forward 14 £610 £610 £510 The Statement of Financial Activities includes all gains and losses recognised during the year. All income and expenditure derives from continuing activities. The notes on pages 14 to 18 form part of these Financial Statements.
INSTITUTE OF ALCOHOL STUDIES BALANCE SHEET AS AT 31 MARCH 2024 Notes 2024 2023 CURRENT ASSETS Debtors Cash at bank and in hand 12 51,397 4,952 59,088 2,815 56,349 61,903 CREDITORS: Amounts falling due within one year 13 55.739 61,393 NET ASSETS £610 £510 Represented by.. FUNDS Restricted Funds Unrestricted Funds 14 14 610 510 £610 £510 These Financial Statements have been prepared in accordance with the Special provisions of Part 15 of the Companies Act 2006 relating to small companies. roved by the Board of Directors on 15th November 2024. Dr Peter M. Rice Chair Signed on behalf of the Board The notes on pages 14 to 18 form part of these Financial Statements. 12
INSTITUTE OF ALCOHOL STUDIES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flovts from operating a¢tivlties Net movement in funds per statement of financial activities Adjustments for.. Investment income - Interest re1Vable Decrease l increase in debtors {Decrease) l increase in creditors 100 100 (721 7,691 {5,6541 {4> (38,182) 38,456 Net cash provlded by operating activities 2,065 370 Cash flows from Investing activities Investment income - Interest retsived 72 Net cash provided by Investing activities 72 Change in cash and cash equivalents In the year 2,137 374 Cash and cash equivalents brought forward 2,815 2,441 Cash and cash equivalents carried fopward £4,952 £2,815 Analysis of cash and cash equivalents 2024 2023 Cash at bank and in hand £4,952 £2,815 13
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES General information and basis of accounting Institute of Alcohol Studies is a registered charity Ino. 1112671) and private company limited by guarantee {no. 5661538), incorporated in Great Britain and registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member. The registered office is given in the Reference and Adrninistrative Details in the Directors, Report on page 6. The charity constitute5 8 public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1Q21, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practi. The financial statements are prepared on a going concern basis and under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless othewi5e ststed. Income recognition Iterns of income are recognised in the financial ststements when all of the following criteria are met.. The charity has entitlerrEnt to the funds,. any performance conditions have been met or are fully within the control of the charity- there is sufficient certainty thal receipt of the income is considered probable- and the amount can be measured reliably. Expenditure recognition Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settIement will be required and the amount Can be measured reliably. Expenditure includes those costs of a d1ct nature which can be allocated to a specifi-c activity. It also includes indirect costs, including governance costs that do not relate to a specific activity but are necessary to support those activities. Fund accounting Unrestricted general funds are freely available for use in furtheran of the objects of the charity and which have not been designated for specific purposes. Designated funds are unrestricted funds set aside by the Directors for particular purposes. Restricted funds are funds which can only be used in accordance with specific restrictions imposed by the donor or which have been raised for a particular purpose. Pensions The charity operates a defined contribution pension scheme. Contributions payable under the scheme are charged to the Statement of Finar7cial Ackn'vities in the year to which they felate. Debtors and creditors Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded st transaction price. Any losses arising from impairment are recognised in expenditure. 14
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd... DONATIONS AND GRANTS Unrestricted Restricted funds Funds Total 2024 Total 2023 Grants Alliance House Foundation Cancer Research UK World Health Organisation Spectrum Project British Academy Research Project V5tal 5 Project Balance North East Project Alcohol Health Alliance Donations Alcohol Health Alliance 464,722 464,722 29,819 17,035 2,500 539,364 29,110 29.619 17,035 2.500 3.000 9,400 7,150 9,500 22,312 7,150 9,500 22,312 10,000 26,793 26,793 23,952 £464,722 £114,909 £579,631 £614,826 Of the £614,826 recognised in 2023, £539,364 related to unrestricted funds and £75,462 related to restricted funds. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted funds funds Total 2024 Total 2023 Alcohol Conference Arrangement Fee Sundry income 5.605 50 27 27 £27 £Nil £27 £5.655 All of the £5,655 recognised in 2023 related to unrestricted funds. EXPENDITURE ON CHARITABLE ACTIVITIES Direct costs Support costs Total 2024 Total 2023 Research and dissemination £407,404 £172,226 £579,630 £620,489 Of the £620,489 expenditure recognised in 2023. £545,027 was charged to unrestricted funds and £75,462 was charged to restricted funds. 15
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd.. ANALYSIS OF DIRECT COSTS 2024 2023 Wages and salaries Advisory panel Travel, conferences and symposia Website redesign and development IT migration to SharePoint Media Monitoring Publications and subscriptions 366,398 8,000 8,885 8,500 4,793 4,819 6,009 405,845 7,000 6,595 4,275 40,723 £407,404 £464,438 ANALYSIS OF SUPPORT COSTS 2024 2023 Wage3 and salaries Staff training and recruitment Office rent & service charge Office costs IT and computer costs Governance costs {see Note 7) 20,385 7,315 100,180 28,073 17,014 (7411 15,906 2,905 88,741 25,930 18,845 3,724 £172,226 £156,051 GOVERNANCE COSTS 2024 2023 Audit f*s and related costs Current year Over-provision in previous years Directors, meetings 2,040 {3,670) 889 2,776 £(741) £3,724 NET INCOME FOR THE YEAR 2024 2023 This is stated after charging- Auditor's remuneration Current year Over-provision in previous years Operating lease rentals 2,040 {3,670) 8,903 948 16
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd..- STAFF COSTS AND NUMBERS 2024 2023 Salaries Social security costs Pension costs Other costs 325.3S7 27,658 33,130 628 340,248 32,443 48,690 370 £386,783 £421,751 During the year 2024, one employee received total employee benefits (excluding employerfs national insurance 8nd pension costs) falling in the £70,000 - £80,000 band. In 2023, one employee fell in the £60,000 - £70,000 band. The average number of employees based on full-time equivalents was 7 (2023.. 8). The average monthly number of employees was 8 {2023: 10). Total employee benefits received by key management personnel amounted to £105,595 (2023: £136,504). Employee benefits include salary, employer's national insurance. employerfs pension contributions and benefits in kind. 10. DIRECTORS, REMUNERATION AND EXPENSES The Directors reGeived no remuneration during either year. £889 (2023.. £2.766) was reimbursed tolpaid on behalf of 2 directors (2023: 6) for attendance at Directors meetinos in the year. 11. TAXATION The Company ha5 Gharitable status and is therefore exempt from Corporation Tax on its Gharitable activities. 12. DEBTORS 2024 2023 Prepayments 2nd other debtors £51,397 £59.088 13. CREDITORS: Amounts falling due WFthln one year 2024 2023 Accruals Other creditors 5,700 50,039 3,364 58,029 £55,739 £61,393 17
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd... 14. RESERVES Balance at 1 April 2023 Balance at 31 March 2024 2024 Income Expenditure Transfers Restricted funds Alcohol Health Alliance Project Cantsr Research UK Vital 5 Project Balan North East Project British Academy Research Project Spectrum Project 49,105 29,619 7,150 9,500 17,035 2,500 49,105 29,619 7,150 9,500 17,035 2,500 114,909 114,909 Unrestricted Funds General funds 510 464,821 464,721 610 £510 £579,730 £579,630 £Nil £610 Comparative information for the previous financial year is as follows= Balance Balance at 31 March 2023 2 April 2022 2023 Income Expenditure Transfers Restricted funds Alcohol Health Alliance Project Cancer Research UK British Academy Research Project Institute of Social Marketing 33,952 29,110 9,400 3,000 33,952 29,110 9,400 3,000 75,462 75,462 Unrestricted Funds General funds 410 545,127 545,027 510 £410 £545,127 £545,027 £Nil £510 18
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Jcontd... 15. RELATED PARTY TRANSACTIONS Details of related paty transactions during the year are as follows: NaTne of related party Nature of relationship Transaction details Amount Balance 2024 Alliance House Foundation Connected charity Grant funding 464,722 {40,996) Alliance House Foundation Conneded charity Rent payable 63,500 2023 Alliance House Foundation Connected charity Grant funding 539,364 (28,290) Alliance House Foundation Connected charity Rent payable 63,500 16. CONTINGENT ASSETS The total amount of grant funding awarded but not recognised as inwme is £489,634 (2023.. £589,775). These funds relate to the next financial year. 17. OPERATING LEASE COMMITMENTS 2024 2023 Future minimum rént21s payable under non-cancellable operating leases are as follows.. Within one year Within to five years 6,270 £6,270 £Nil 19