INSTITUTE OF ALCOHOL STUDIES Company Number: 5661538 Charity Number.. 1112671 DIRECTORS, REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey. UK KT6 7AL
INSTITUTE OF ALCOHOL STUDIES Company Number. 5661538 Charity Number.. 1112671 DIRECTORS, REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS PAGES Directors, Report Independent Auditors, Report 8-10 Statemant of Financlal Activities Balance Sheet 12 Statement of Cash Flows 13 Notes to the Financial Statements 14-20
INSTITUTE OF ALCOHOL STUDIES Company Number: 5661538 Charity Number: 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Directors of the Institute of Alcohol Studies (IAS) submit their annual report and the audited financial statements for the year ended 31 March 2025 which are also prepar8d to meet the requirements for a directors. report and financial statements for Companies Act purposes. The financial statements comply with the Charities Act 2011, Companies Act 2006. the Memorandum 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) (issued in October 2019). IAS Ob"8Ctives and a ivities The objectives of IAS are.. to educate and to preserve and protect the good health of the public by promoting the scientific understanding of beverage alcohol and th8 individual, social and health consequences 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 helping to bridge the gap between the scientific evidence on alcohol and the wider public. We want to make all this eviden aCSSIble 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 society. This takes plac£ 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 faGtsheets on key aspects of alcohol policy in the UK that are freely available on our website, and monthly Ynagazine the Alcohol Alert We answer queries from the media and general public and make media appearances when requested -relevant rch activities 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 inequalitie5. During 2024-25 IAS published the following reports that were mad& freely available on the IAS website and circulated to key stakeholders: Alcohol and Economic Crises Good governance in public health policy: Managing interactions with alcohol industry stakeholders Outdoor Alcohol Advertising by Area of Deprivation The Costs of Alcohol to Society Autumn Budget Analysis 2024 Alcohol-specific and Alcohol-related Deaths: What does it all mean? IAS also produced and published the following short 'Alcohol Explained, films which are hosted on the IAS website and YouTube channel: Alcohol and the Heart Alcohol and the Brain
INSTITUTE OF ALCOHOL STUDIES Company Number: 5661538 Charity Number: 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Icontd... Alcohol and Cancer The Impact of Alcohol on our Healthcare Services Alcohol-specific and Alcohol-related deaths Explained The IAS Sm811 Grants Scheme opened in 2024 and invited applications from early career researchers with novel ideas and proposals to help inform public policy debates relating to alcohol harm. The following projects were selected for funding following a competitive application process: Understanding barriers to the use of alcohol-free and Iow-alcohol drinks to reduo alcohol consumption among individuals from lower soaoeconomic backgrounds. Alcohol use among people experiencing homelessness and access to substance use ServIS in England: identifying treatment needs and poliGy Options. Stories of Alcohol Consumption across Generations in Gypsy, Roma and Traveller Communities. 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 consulted throughout the year. Activities included pe8r reviewing IAS reports, drafting responses to consultations, and reviewing applications to the Small Grants Scheme. in with networks and alltances IAS continues to play an active role in networks ar5d alliances that campaign to redu alcohol harm. Below is an overview of initiatives that IAS has supported throughout the year. Alcohol Health Ajliance: The AHA is an alliance of over 60 organisations. IAS supports the AHA by employing and co-funding the AHA Policy and Advocacy Manager and the IASIAHA Senior Policy and Communications Officer. IAS is a member of the AHA steering group and chairs the AHA communications and advocacy 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. EuroGare.' IAS is a founding member of Eurocare (the European Acohol Policy Alliance), an alliance of non-governmental and public health organisations across European countries advocating the prevention and reduction of alcohol related harm in Europe. The Chair of IAS is also President of the Eurocare board. Association of Medical Research Charities.. IAS remains a member of the Association of Medical Research Charities (AMRC). Membership enables IAS to access training 2nd guidance in relation to funding and supporting research and demonstrates IAS, commitment to supporting the b8st research and researchers. 3. Gove nment Relations IAS continues to identfy 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 six government consultations and met with officials from government departments wilh r@sponsibility 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 Offi¢8 for Health Improvement and Disparities IOHID). The IAS Chief Executive sits on the cross-government Alcohol Advisory Group, o)nv@ned 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 2025 Icontd... 4. External Co icatlons During the period 2024-25 IAS was mentioned in the media 1,930 times. The main stories related to the IAS cost of alcohol harm report., deaths from alcohol in 2023 (published Feb 2025). and teenage drinking rates. IAS shares alcohol policy and research updates to key stakeholders via social media channels. IAS currently has 5.793 followers on X, 1,621 on Linkedln and 1.938 on Bluesky. The IAS 'AJcohol Explained, films are free5y available and have been viewed more than 71,000 times on the IAS YouTube Ghannel. IAS also published 39 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 Benefi IAS pursues activities 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 publiG 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 and welfare of individuals and the population at large, and to achieve this end it gathers relevant informab'on. This is disseminated by means such as the website and social media accounts and on request can be freely accessed by any p@rson with an interest in the subject. IAS moved office loration again in December 2024 to a more modern building owned by ttle same Charitable Company landlord, Canopi. The new Spa provides improved facilities for collaboration and team building. Staff feedback has been very positive. In 2025-26 IAS will publish a long-term vision for addressing alcohol harm, developed in consultation with alcohol policy experts. Other forthcoming publications include results of a survey of Westminster MPS and their staff about the impact of alcohol on the parliamentary workplaca, and a report on the impact of alcohol marketing on LGBTQ+ (x)mmunities. Financial review During the financial year IAS received £466.457, mainly from grant funding. Expenditur& totalled £449,108 resulting in an excess of income over expenditure for the year of £17,349. Fundin The main Sour 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 activities. Reserves Poli Reserves are held to cover any shortfall in income or to fund any unplanned expenditure on activity which the Directors agree to pursue during the financial year. The IAS Reserves Policy allows the Charitable company to cary forward up to a maximum of 15 % of Income received in any financial year to the next financial year, which is currently the maximum of £69.969. Unrestricted reserves at 31 March 2025 amounted to £17,959.
INSTITUTE OF ALCOHOL STUDIES Company Number: 5661538 Charity Number". 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Icontd... Pension iabili From l April 2010 the Charitable Company joined a defined contribution scheme, the Flexible Retirement Plan with The Pensions Trust. Thera is no liability associated with this scheme. al Fundi urces The principal source of funding for the Charitable Company is from grant funding. Expenditure during the year had been planned and the income had been adequate to cover these commitments. Goin ncern The Charitable Company undertakes an annual Risk Assessment. which gives careful consideration to factors that may impact upon the ability of the Charitable Company to move forward as a going COnrn. including business critical risks. The most rent assessment had given Directors confidence that any risks had been sufficiently mitigated. Directors are confident the Charitable Company is a going concern. Struct overnance 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 minimum of three Directors. The Directors meet three times per year. The Directors of the company are also charity trustees for the purpose of Charity law. New members of the Board are appointed by the Ch2ritable Company 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. ecruitment of Boa f Directors Three of the Directors were appointed from the trustee body of Alliance House Foundation; it hes been agreed that the other three would be recruited from professionals from the alcohol policy field. The Directors were appointed for their relevant Charitable Comp2ny professional skills particularly in the field of research and their interest in alcohol issues. The Charitable Company 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 Induct. nd Trainin All Directors are conversant with the day-to-day practical work of the Charitable Company and Directors are kept up to date with developments in the charitable sector. Upon appointment all Directors attend an induction meeting where their obligations under charity and company law are explained. Directors are supplied with the Charity Commission W@Icome Pack, the guide "The Essential Trustee" and details of the Charity Commission guidance on public benefit. In addition, Directors are supplied with copies of the Memorandum and Articles of Association and the latest copy of the annual report and financial statements. Directors a invited to attend a regular strategic planning event, the latest of which had been held in London in December 2022, the next strategy meeting is planned to take place in London in November 2025. All Directors give their time voluntarily and receive no benefits from the Charitable Company. Any expenses reclaimed from the Charitable Company are set out in note 10 of the financial statements.
INSTITUTE OF ALCOHOL STUDIES Company Number: 5661538 Charity Number: 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Icontd... Risk Mana ement The Charitable Company has conducted a review of the major risks to which the Charitable Cornpany is expos@d using guidance produced by the Commission. This will be an ongoing process of assessing the types of risk facing the Charitable Company and identifying the means of mitigating those risks. The Charitable Company maintains a risk register and internal control risks are minimised by the application of its internal procedures. anisational cture The Directors delegate the day-to-day management of the Charitable Company to the IAS Chief Executive. The Directors take decisions at their meetings or, when urgent decisions are necessary, the Chief Executive, in consultation with the Chair. makes these. The next meets'ng 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 of a remuneration committee and are not themselves remunerated. IAS follows a remuneration policy with agreed pay scales, which compfise four levelsl job grades with salary bands linked to core competencses and representative work activities. The IAS Chief Executive is placed on a spot salary outside these pay sc21es. The policy outlines three mechanisms whereby staff may be awarded a salary increase: the IAS Annual Pay Award. exceptional perf0rrnan against agreed objectives and promotion. The Remuneration Committee meets at least once every 12 months to determine any salary adjustments. based on the criteria outlined in the muneratIon policy. With effect from 1 April 2024, the committee detemiined that there should be an Annual Pay Award of 40/0 together with a number of revisions to the IAS Staff Handbook. Employees also received pension contributions equivalent to 14.50/0 of gross salary with employees contributing 7.5DA. Reference and Adm" istrative infomi on 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. Dlrectors - who served during the pèriod 1 April 2024 to date: Dr Peter M. Rice Reverend Dr Janet E. Tollington Professor Linda C. Bauld Mr Michael D. Carr Professor Julia M.A. Sinclair Rever8nd Dr Stephen F. Skuce Ms A ice K. Wis@m2n Chair VI Chair, RC & IAC (resigned 15 November 2024) RC&IAC (appointed 15 November 2024)
INSTITUTE OF ALCOHOL STUDIES Company Number: 5661538 Charity Number: 1112671 DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Icontd... ecreta to the Bo rd of Directors Mr Paul R. Whitaker istered Office Canopi Building. 82 Tanner Street, London. England, SE13GN nior Mana Team Dr Katherine R. E. Severi, Chief Executive of IAS Auditor Kingston Burrowes Audit Ltd, 308 Ewell Road, Surbiton, Surrey. UK Iff6 7AL ankers National Westminster Bank PLC, PO Box 3038, 57 Victoria Street London, SW1H gNH olicitors Lee Bolton Monier Williams, 1 The Sanctuary, Westminster, London, SW1W OLS Bo rd of Directors A resolution to re-appoint Reverend Dr Stephen F. Skuce, who retires by rotation and will put himself forward for r&election, will be considered at the annual general meeting. Dire ors, Res onsibilities Statement The Directors (who are also trustees of Institute of Alcohol Studies for the purposes of charity law) are respor15ible for preparing the Directors, Annual Report and the financial statements in accordance with appliczble 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. Under company law the Directors must not approve the financial statements unless they are satisfied that they 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 inct)me 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 consistently. observe the methods and prtnciples in the Charities SORP 2019 (FRS 102). make judgements and esb"mates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to prèsume that the charitable company will continue in operation. The Directors are responsible for keeping adequate accounting records that disclos8 Wlth reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the asset5 of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INSTITUTE OF ALCOHOL STUDIES Company Number: 5661538 Charity Number: 1112671 DIRECTORS, REPORT FOR THE Y&4R ENDED 31 MARCH 2025 Icontd... 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. A resolution to re-appoint Kingston Burrowes Audit Ltd as Auditor of the Company will be put to the Annual General Meeting. Exem ion 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. Approved and signed on behalf of the Board. Dr Peter M, Rice Chair 6 November 2025
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF.. INSTITUTE OF ALCOHOL STUDIES Opinion We have audited the financial statements of Institute of Alcohol Studies (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and notes to the financial statements. including a summary of significant accounting polici8S. The financial reporting framework that has been applied in their preparation is applicable Saw arTd United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally ACpted Accounting Practice)- In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of reSoUrs, including its income and expenditure, for the year then ended. 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 accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further desGribed in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 relatlng to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with raspect to going conrn are described in the relevant sections of this report. Other information The other infomiation comprises the information included in the Directors, report. other than the financial statements and our auditor's report thereon. The Directors are responsible for the other information. 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 oth8r information and, in doing so, consider whether the other information is materially inconsistent with the financial statements. or our knowledge obtained in the course audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is 3 material misstatement of this other information, we are requirad to report that fact.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF: INSTITUTE OF ALCOHOL STUDIES l¢ontd.. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the ojurse of the audit: the infomiation given in the trustees, report, which includes the Directors. report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements,. and th8 Directors, report included within the trustees, report has been prèpared in accordance with applicable 18gal requirem8nts. Matters on which we are required to report by exception 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 included within the trustees, pOrt. 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 returns adequate for our audit have not been received from branches not visited by us" or the financial statements are not in agreement with the acLY>unting records and retums; or certain disclosures of Directors, remuneration specrfied by law ara not made,. or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordan with the small comp8nies' regime and take advantage of the small companies, exemptions in preparing the Directors, report and from the requirement to prepare a strategic report. Responsibllltles of Directors As explained more fully in the Directors, responsibilities statement set out on pages 6 and 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 stataments and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is essary to enable the preparation of financial ststements that ar8 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 altemative but to do so. Audltor's responsibilities for the audit of thè financial 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 auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan with ISAS (UK) will always detect a material misstatement when it exists.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF.. INSTITUTE OF ALCOHOL STUDIES Icontd... Misstatements can arise from fraud or error and are considered materi81 if. individually or in the aggregate, they could reasonably be expected to intluence the ecorsomic decisions of users taken on the basis of these financial statements. 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 IrgU12r1ties, including fraud. The specific procedures for this engagement and the extent to which our procedures are capable of detecting irregularities. including fraud is detailed below= Enquiry of management and those charged with governan about actual and potential litigation or claims and the identr'fication of non-compliance with laws and regulations. Reviewing minutes of meetings of those charged with governance. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Auditing the risk of managemerTt override of controls, induding testing journal entries and oth@r adjustments for appropriateness" assessing whether the judgements made in making accounting estimates are indicative of a potential bias., and evaluating the business rationale 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 material misstatement in the financi81 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 financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional Conalment, 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: www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charit8ble 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 that we might state to the charitable company's members those matters we are required to state to th@m in an auditor's report and for no other purpose. To the ftjllest 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 BA FCA CTA (Senior Statutory Auditor) For and on behalf of Kingston Burrowes Audit Ltd Statutory Auditors 308 Ewell Road Surbiton Surrey KT6 7AL 11 November 2025 10
INSTITUTE OF ALCOHOL STUDIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Notes Unrestricted Restricted Funds Funds Totsl 2025 Total 2024 Income from: Donations and grants Charitable activities Other Income Investments- Bank interest 373,855 92,074 465,929 579,631 27 392 136 392 136 72 Total 374,383 92,074 466.457 579,730 Expenditure on: Charitable activities 357,034 92,074 449.108 579,630 Net Incomel(expendltura) 17,349 17,349 100 Transfers betwean funds Net movement in funds 14 17,349 17.349 100 Reconciliation of funds Total funds bought forward 14 610 610 510 Total funds carried forward 14 £17.959 £Nil £17,959 £610 The Statement of Financial Activities includes all gains and losses recognised during the year. All income and expenditure derive from continuing activities. The notes on pages 14 to 20 form part of these Financial Statements. 11
INSTITUTE OF ALCOHOL STUDIES BALANCE SHEET AS AT 31 MARCH 2025 Notas 2025 2024 CURRENT ASSETS Debtors Cash at bank and in hand 12 50,643 1,513 51,397 4,952 52,156 56,349 LIABILITIES Creditors: Amounts falling due within one year 13 34,197 55,739 NET ASSETS £17,959 £610 Repr6sented by: FUNDS Restricted Funds Unrestricted Funds 14 14 17.959 610 £17,959 £610 These Financial Statem8nts have been prepared in accordance with the speGial provisions of Part 15 of the Cornpanies Act 2006 relating to small companies. Approved by the Board of Directors on 6 November 2025. Dr Peter M. Rice Chair Signed on behalf of the Board The notes on pages 14 to 20 form part of these Financial Statements. 12
INSTITUTE OF ALCOHOL STUDIES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activities Net incomel(expenditure) for the reporting period (as per statement of financial activities) Adjustments for: Investment income - Interest receivable (Increase) I decrease in debtors Increase l (decrease) in creditors 17,349 100 (136) 754 (21.542) (72) 7,691 (5.6541 Net cash pmvided by/ (used in) operating activities (3,575) 2,065 Cash flows from investing activities Investment income - Interest received 136 72 Net cash provlded by/ (used in) Investing activities 136 72 Change in cash and cash equivalents In the reporting period (3,439) 2,137 Cash and cash equivalents at the beginning of the reporting period 4.952 2.815 Cash and cash equivalents at the end of the reporting period £1,513 £4.952 Analysis of cash and cash equivalents 2025 2024 Cash at bank and in hand £1,513 £4,952 The notes on pages 14 to 20 form part of these Financial Statements. 13
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES General infomiation and basis of accounting Institute of Alcohol Studies is a registered charity (no. 1112671) and private company limited by guarantee (no. 5661538), incorporated in Great Britain and registered in England and Wales. In the event of the Charitable Company 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 Administrative Details in the Directors, Report on page 6. The Charitable Company constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordan with Accounting and Reporting by Charities: statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporbng 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 IFRS 102). the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. 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 otheiSe stated. Income recognition Items of income are recognised in the financial statements when all of the following criteria are met: The Charitable Company has entitlement to the funds. any performance conditions have been met or are fully within the control of the Charitable Company. there is sufficient certainty that 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 probab5e that settlement will be required and the amount can be measured reliably. Expenditure includes those costs of a direct nature which can be allocated to a specific activity. It also includes indirect costs defined as administration. including administration sa18ries, office rent and other office expenses, together with governance costs that do not relate to a specific activity but are necessary to support those activities. Support costs are apportioned to each activity on the basis of staff time. Fund accounting Unrestricted general funds are freely available for use in furtherance of the objects of the Charitable Company and which have not been designated for specific purposes. Designated funds are unrestricted fijnds set aside by the Directors for particular purposes. Restricted funds are frjnds which can only be used in accordance with spectfic r&strictions imposed by the donor or which have been raised for a particular purpose. Pensions The Charitable Company operates a defined contribution pension scheme. Contributions payable under the scheme are charged to the Statement of Financial Activities in the year to which they relate. Debtors and creditors Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at 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 2025 Icontd... Leases Operating lease rentals are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease. DONATIONS AND GRANTS Unrestricted Restricted funds Funds Tot81 2025 Total 2024 Grants Alliance House Foundation Cancer Research UK British Academy Research Project Spectrum Project Vital 5 Project Balance North East Project Alcohol Health Alliance Donations Alcohol Health Alliance Estate of Oliver Davies Sundry donation 353,841 353,841 30.000 464,722 29,619 17,035 2,500 7,150 9,500 22,312 30,000 10,000 10,000 22,312 22,312 29,762 29,762 20,000 14 26.793 20,000 14 £373,855 £92,074 £465,929 £579,631 Of the £579,631 recognised in 2024, £464.722 related to unrestricted funds and £114,909 related to restricted funds. OTHER INCOME Unrestricted Restricted funds funds Total 2025 Total 2024 Other income 27 £Nil £Nil £Nil £27 All of the £27 recognised in 2024 related to unrestricted funds. EXPENDITURE ON CHARITABLE ACTIVITIES Direct costs (Note 5) £361,858 Support costs (Note 6) £87,250 £449,108 Total 2025 Total 2024 Research and dissemination £579,630 Of the £579,630 expenditure recognised in 2024. £464,721 was charged to unrestricted funds and £114.909 was charged to restricted funds. 15
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... ANALYSIS OF DIRECT COSTS 2025 2024 Wages and salaries Advisory panel Travel, conferences and symposia Website rèdesign and development IT tnigration to SharePoint Social Market Foundalion Media Monitoring Publications and subscriptions 295,075 8,000 5,242 366,398 8,000 8,885 8,500 4,793 13,000 5,164 35,377 4,819 6,009 £361,858 £407,404 ANALYSIS OF SUPPORT COSTS 2025 2024 Wages and salaries Staff training and recruitment Off ice rent & service charge Office costs IT and computer costs Governance costs (see Note 7) 22,069 2,068 33,463 15,392 11,299 2,959 20.385 7,315 100,180 28,073 17,014 (741) £87,250 £172,226 GOVERNANCE COSTS 2025 2024 Audit fees and related costs- current year Audit fees Over-provision in previous years Directors. meetings Trustees, Indemnity Insurance 1,810 2,040 (3,670) 889 988 161 £2,959 £(741) NET INCOMEI(EXPENDITURE) FOR THE YEAR 2025 2024 This is stated after charging: Auditor's remuneration - audit services Operating Lease Rentals £1,810 £23,343 (£1,630) £6,903 16
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... STAFF COSTS AND NUMBERS 2025 2024 Salaries Social security costs Pension costs Other costs 244,911 21,842 27,528 794 325,367 27,658 33,130 628 £295,075 £386,783 During the year 2025, one employee re1Ve total employee benefits (excluding employer's national insurance and pension costs) falling in the £80,000 £90.000 band. In 2024, one employee fell in the £70,000 - £80.000 band. The average number of employees based on full-time equivalents was 6 <2024: 7). The average monthly number of employees was 612024: 8). Total ernployee benefits reiVed by key management personnel amounted to £105,254 (2024: £105,595). Employee benefits include salary, employer's national insurance, employer's pension contributions and benefits in kind. A sum of £22.029 has been re-charged from Alliance House Foundation for administration support and is included in support costs (nota 6). 10. DIRECTORS, REMUNERATION AND EXPENSES The Directors received no remuneration during either year. £988 (2024: £889) was reimbursed tolpaid on behalf of six Directors (2024.. six) for attendance at Directors meetings in the year. 11. TAXATION The Company has charitable status and is therefore exempt from Corporation Tax on its charitable activities. 12. DEBTORS 2025 2024 Trade debtors Prepayments Other debtors Amount owed from related undertaking 10,930 18,162 17,871 3,680 23,093 23,583 4,722 £50.643 £51,397 17
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 IGontd... 13. CREDITORS: Amounts falling due within one year 2025 2024 Trade Creditors Accruals Taxation and social security Other Creditors Amount owed to related undertaking Deferred Income 9,000 14.290 7.277 11,313 3.430 4,722 40.996 3,630 £34.197 £55,739 Analysis of deferred income Balance brought forward Additions Released in the year to Income Balance carried forward Funds received in advan £Nil £3,630 £Nil £3,630 Funds received in advance for the following accounting period are recognised as deferred income. 14. MOVEMENT IN FUNDS Balance at 1 April 2024 Balance 31 March 2025 2025 Income Expenditure Transfers Restricted funds Aloohol Health Alliance Project Cancer Research UK Vital 5 Project 52,074 30,000 10.000 52,074 30,000 10,000 92,074 92,074 Unrestricted Funds General funds 610 374,383 357,034 17,959 £610 £466.457 £449,108 £Nil £17,959 18
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Comparative information for the previous financial year is as follows: Balance at 1 April 2023 Balance at 31 March 2024 2024 IncA)me Expenditure Transfers Restricted funds Alcohol Health Alliance Project Cancer Research UK Vital 5 Project B81ance North East Project Spectrum Project Brttish Academy Research Project 49,105 29,619 7,150 9,500 2,500 17,035 49,105 29,619 7,150 9,500 2,500 17,035 114,909 114,909 Unrestricted Funds General funds 510 464,821 464.721 610 £510 £579,730 £479,630 £Nil £610 Restrlcted funds 1. AIcA)hol Health Alliance This fund is used to highlight to the public about the rising levels of alcohol- related harm, propose evidence-based solutions to reduce the harm caused by alcohol and infiuence decision-makers to take positive 8Ction to address alcohol ham. 2. Cancer Res8arch UK - This fund is used to deliver the policy and advocacy strategic goals of the Alcohol Health Alliance through public affairs and campaigning initiatives. 3. Vital 5 project- This fund was used to deliver an eviden(* review of alcohol harm in South East London and effective policy solutions. 4. Balance North East Project- This fund was used to conduct an analysis of the cost of alcohol harm in the North East of England. 5. The Spectrum project fund was used to investigate the impact of the alcohol industry on academic research publications via an analysis of conflicts of interest declaration in peer reviewed journals. 6. The British Academy Research Projects fijnds were used to investigate the impact of on-licensed premises closures on rates of alcohol-related violence during the COVID-19 pandemic. 19
INSTITUTE OF ALCOHOL STUDIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 15. RELATED PARTY TRANSACTIONS Details of related party transactions during the year are as follows: Name of related party Natur• of relationship Transaction details Amount Balance 2025 Alliance House Foundation Connected Charitable Company Grant funding 353.841 3,680 Alliance House Found2tion Connected Charitable Company Rent payable 5,292 2024 Alliance House Foundation Connected Charitable Company Grant funding 464,722 (40,996) Alliance House Foundation Connected Charitable Company Rent payable 63,500 16. CONTINGENT ASSETS The total amount of grant funding awarded but not recognised as income is £530,904 (2024.. £489.634). These funds relate to the fijture financial years. 17. OPERATING LEASE COMMITMENTS 2025 2024 Future minimum rentals payable under nOn-CanlIable operating leases are as follows: Within one year Within two to five years 7,650 6,270 £7,650 £6,270 18. CONTINGENT LIABILITIES The total amount of grant funding allocated to projects but not recognised as expenditure is £14,859 (2024: £Nil). These funds relate to the next financial year. 20