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← The Institute Of Licensing

2025-03-31-accounts

oy institute of Li Incorporating the National Association of Licensing and Enforcement Officers 5

The Institute of Licensing is a charitable company limited by guarantee,

constituted as a not for profit organisation. Company Reg. No. 4884548 Charity Reg. No. 1117942

Annual Trustee Report 2024/25

www.instituteoflicensing.org

REGISTERED COMPANY NUMBER: 04884548 (England and Wales) REGISTERED CHARITY NUMBER: 1117942

Report of the Trustees and Financial Statements for the Year Ended 31 March 2025

for

The Institute of Licensing (Limited by Guarantee)

Richard Smedley Limited Chartered Accountants & Registered Auditors Richmond House Lawnswood Business Park Redvers Close Leeds West Yorkshire LS16 6QY

The Institute of Licensing (Limited by Guarantee)

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Report of the Trustees 1 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Cash Flow Statement 15
Notes to the Financial Statements 16 to 21
Detailed Statement of Financial Activities 22

The Institute of Licensing (Limited by Guarantee)

Report of the Trustees for the Year Ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 1 January 2019).

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04884548 (England and Wales)

Registered Charity number 1117942

Registered office Ridgeway Upper Milton Wells Somerset BA5 3AH

Trustees

S P Fitzgerald (resigned 5.5.2025) P J Andrews D I Lucas J S Collins S Clover G S Grant J Cunningham T Shield T McGlone M Phillips (resigned 12.2.2025) D Davies (resigned 1.4.2024) S J McGowan G Hughes L J Cannon S A Broome L Driscoll M V Bignell K Nicholls OBE (appointed 1.4.2024) G M Potter (appointed 12.2.2025) J T Miley (appointed 5.3.2025)

Company Secretary S Nelson

Independent Examiner

Richard Smedley Richard Smedley Limited Chartered Accountants & Registered Auditors Richmond House Lawnswood Business Park Redvers Close Leeds West Yorkshire LS16 6QY

Page 1

The Institute of Licensing (Limited by Guarantee)

Report of the Trustees for the Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES

The Institute of Licensing (IoL) is the professional body for licensing practitioners across the UK, with memberships derived from regulators (local authorities and police), industry (all licensed industry) and private practice (legal, consultancy and training). The IoL’s areas of interest concern public regulatory licensing and associated matters.

Public regulatory licensing covers many areas including alcohol and entertainment, gambling, taxi and private hire, animal activities (dog and cat boarding, dog breeding, horse riding, keeping or training animals for exhibition, primate keeping and zoos), caravan sites, scrap metal, special treatments (beauty and aesthetics), charity collections and more.

The charitable objectives of the IoL are for the benefit of the public and are concerned with education in licensing and regulatory fields, and the application / development of licensing laws to promote the prevention of crime, disorder and nuisance together with the promotion of health and safety, protection of vulnerable people / children and promotion of wider objectives.

In shaping our objectives and planning activities, the Trustees have had regard to the Charity Commission’s guidance on public benefits and fee charging. IoL regional meetings are normally provided free of charge to IoL members, and all other event and course fees are set with a view to making training accessible to members and competitive for non-members. In comparison with many commercially run training events, the IoL training fees are significantly more affordable due to the training fees set.

The IoL is committed to licensing as a profession, and the various licensing regimes and related infrastructure. Partnership working and professional communications are key in all areas, particularly in relation to the effective and proactive management of the evening, night and daytime economies. The IoL aims to positively influence conversations and promote partnerships directly and indirectly related to licensing, as well as engaging with appropriate government departments to influence legislative drafting and reviewing to achieve licensing frameworks which work well and deliver positive outcomes while minimising the burdens on regulators and regulated businesses and individuals.

ACHIEVEMENTS AND PERFORMANCE Training and events 2024/25 activity overview

IoL event activity comprises:

Page 2

The Institute of Licensing (Limited by Guarantee)

Report of the Trustees for the Year Ended 31 March 2025

Overall training and event activity during 2024/25 shows a strong performance compared with previous years as illustrated in the table and chart below.

Type 2024/25 2023/24 2022/23 2021/22 2020/21
National (conferences and
courses)		 72 68 62 57 56
BTEC Cohorts 3 3 3 10
Cancelled events 4 4 24 11 44
Free Webinars 0 1 0 14 8
Bespoke 5 13 16 8 11
Regional 38 32 30 31 23
Total Event Activity 123 121 111 120 98

Figure 1: Events Historic Comparison (financial years 1[st] April - 31[st] March)

Conferences in 2024/25 included three Taxi Licensing Conferences, one online in October 2024, followed by a Scottish Taxi Licensing Conference online in February 2025 and a face-to-face conference in York in March 2025. A Large Events Conference took place in Coventry at the Coventry Building Society Arena in March 2025.

In June 2024, the Summer Training Conference took place in London, hosted by the London Region and with key speakers drawn from local practitioners and local best practice schemes, and in November the IoL’s signature National Training Conference returned to Stratford upon Avon for the 10th year.

All IoL training and events are evaluated through delegate surveys and team debriefing, with a view to delivering continuous improvements to the training and events offer, content and training outcomes. Although at the present time CPD is not mandated for IoL members, the IoL accredits most courses for CPD, in recognition that CPD is important to both individuals and employers and will likely be a mandatory element for some levels of membership in the future.

Page 3

The Institute of Licensing (Limited by Guarantee)

Report of the Trustees for the Year Ended 31 March 2025

Membership

The table below illustrates the membership performance over the last 5 years.

Engagement

The IoL continues to support key stakeholder groups, recognising their value in enabling and promoting dialogue in all areas. Groups include the National Licensing Forum (NLF), the Local Alcohol Partnerships Group (LAPG) and the National Taxi and Private Hire Working Group (NTPHLWG).

These groups bring together stakeholders from industry, national and local government, police and other relevant bodies to discuss current and emerging issues together with practical solutions where possible. Overall, these groups play a vital role in communication, fostering mutual understanding and supporting partnership approaches.

Government engagement

In addition to the engagement through the stakeholder groups referred to above, the IoL engages with all relevant government departments and other stakeholders on arising issues and current discussions on key licensing and related issues. Further engagement with DHSC, the SIA and the Home Office are being developed due to incoming changes through the Terrorism (Protection of Premises) Act 2025, the Tobacco and Vapes Bill and the government’s plans for local government reorganisation and devolution which will have a significant impact on local government across England over the next few years.

Page 4

The Institute of Licensing (Limited by Guarantee)

Report of the Trustees for the Year Ended 31 March 2025

Future plans

Training, Professional Standards and Qualifications

A key part of the Strategic Plan will focus on the development of professional standards and qualifications will be a critical part of that. It remains the case that there is a lot of scope for qualification development within licensing, and while there is no mandate from the government on professional standards, this is likely to come under scrutiny in the future. In the meantime, there are several areas which are on the table for potential future development of events, courses and qualifications, including:

Police Licensing Training – In addition to the Level 4 course for Police Alcohol Licensing Officers (provided through Police CPI), the IoL has developed an introductory course aimed at neighbourhood police officers tasked with policing towns and cities who have no formal licensing training. This project aims to empower police officers with a basic understanding of the licensing regime under the Licensing Act 2003. This will enable police officers entering licensed premises to have the confidence to know what to look for, and what information to provide to their licensing colleagues.

The IoL’s Police Licensing course will be piloted and launched in 2025/26.

The IoL has long been fully committed to the development of a suite of nationally recognised licensing qualifications and professional standards, developed and delivered by the IoL as the professional body for licensing.

The Level 3 Animal Inspectors Certificate remains a blueprint for future qualification development where qualifications are accredited by an Awarding Body (such as Pearsons), but where the qualification remains within IoL ownership and control.

Chartered Status

The IoL has undertaken preparatory work with a view to applying for Chartered Status. The Trustees see this as an important development for the IoL which will assist in raising the profile of licensing professionals. The attainment of Chartered Status will be a key focus for the Chief Executive and for the forthcoming Strategic Plan.

Page 5

The Institute of Licensing (Limited by Guarantee)

Report of the Trustees for the Year Ended 31 March 2025

The Regions

Since inception, the IoL has cultivated its regional network, initially across England and Wales, and then expanding into Northern Ireland and then Scotland.

The IoL regions continue to be a major benefit to the IoL and its members, providing regular meeting and networking opportunities including updates on current issues and other licensing topics. Regional meetings are regular, accessible, and mostly provided at no or very low cost (cost recovery).

Throughout 2024/25, the regions have continued to provide regular meetings. Many continue to make use of online video conferencing as online meetings are accessible to all without need for travel etc. That said, most regions have reverted to face-to-face meetings for at least some of their meetings with some regions opting to return exclusively to in-person meetings.

Regional Volunteers

In all, across the 12 regions the IoL is supported by over 75 volunteer regional officers working to support the regions in addition to their normal work role. Their commitment and dedication enable the regional meetings which are so valuable to IoL members across the country, providing a critical membership benefit and maintaining the sustainability of the organisation.

A ‘Regional Officer Training Day’ held annually in June provides an opportunity to ensure that regional officers understand the structure, aims and objectives of the charity and the role of the regions. It is a well-attended event, allowing regional officers to discuss experiences and regional activities and to share ideas and information about how each of the regions operate, what has worked well and ideas for future development. In June 2024, the ROTD took place in London the day before the Summer Training Conference. An excellent and very interactive day with some key feedback as a result.

STRUCTURE, GOVERNANCE AND MANAGEMENT

In April 2024, Kate Nicholls OBE was elected as the IoL’s National Chair, replacing Daniel Davies who served as National Chair for 9 years.

Following Kate’s election, in January 2025, the IoL appointed Paul Adams as Chief Executive Officer, tasked with taking the organisation forward following the growth review commenced in July 2023. Paul will ensure that the organisation is efficient, effective and properly resourced to enable continued growth and development of the organisation and achievement of its objectives.

As a result of the growth review work commissioned by the (then) Board of Trustees, the governance structure was reviewed in March 2024. Trustees agreed to the formation of a small Executive Board, tasked with taking business decisions, monitoring performance and finances and working closely with the Chief Executive.

Page 6

The Institute of Licensing (Limited by Guarantee)

Report of the Trustees for the Year Ended 31 March 2025

Alongside the Executive Board, all Trustees will remain an integral part of the governance structure as members of the Advisory Council (previously the Board of Directors). The Advisory Council will be responsible for the policy development and direction of the organisation and is responsible for preparing this annual report to accompany the financial statements in accordance with applicable law and regulations.

Twelve of the Trustees are locally elected regional Directors. These Trustees are known to members as a result of their work and practice within licensing, and are elected to represent the regional members nationally, in addition to assuming the responsibility as Trustees and Directors of the IoL, charged with ensuring the good governance of the organisation.

On appointment and annually thereafter, each trustee is required to sign a ‘statement of directors’ where they undertake to take all reasonable steps to meet their obligations to the Board and to the company. In particular, the following undertakings are included in the statement:

The Advisory Council nominates and elects one of its members to chair the organisation, together with 2 vice chairs. The three positions are each elected for a 3-year term with one post reviewed each year on a rolling basis.

Resources

Work continues on the CRM (Customer Relationship Management software) and website project. The website is now fully implemented, while ongoing work is required for the CRM to meet the needs of the organisation and its customers. The objective is to ensure that the CRM provides more functionality for users, and more efficiency for the team.

Risk Management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud or error. The Trustees meet regularly throughout the year in order to scrutinise management reports, monitor activities and progress and plan ahead.

A policy review is ongoing which will include a comprehensive risk register , the purpose of which is to underpin policies and procedures and to ensure that all risks are considered and appropriate mitigation measures taken / in place.

Page 7

The Institute of Licensing (Limited by Guarantee)

Report of the Trustees for the Year Ended 31 March 2025

FINANCIAL REVIEW Overview of the financial position

Key points to note include:

. 2024/25 2023/24 2022/23 2021/22 2020/21
Total incoming
resources		 556,349 446,096 463,724 350,189 390,230
Total resources
expended		 477,742 429,356 357,573 268,164 248,879
Surplus / (Deficit) 78,607 16,740 106,151 82,025 141,351

Financial Commitments

The financial commitments of the charity in 2024/25 were primarily human resources as the costs associated with the development and delivery of training and publications, systems and website were covered by the Institute of Licensing Events Ltd.

Contracting a Chief Executive in January 2025 represents a significant step forward giving the organisation a clear lead with a view to progressing development and strategic direction.

Investments

The IoL’s investment portfolio was established in July 2014 and is managed on the Institute’s behalf by St James’s Place.

In 2021/22, the Board of Trustees took the decision to increase investment with a further £250,000 added to the fund in August 2021 bringing the total investment fund input to £445,000.

The fund took a downturn at the end of 2019/20 as a result of the initial impact of COVID-19 but has made a steady recovery since with an overall 26.08% return on investment at the end of March 2025 with the encashment value reaching £553,176 (compared with 2023/24: 19.41% return with a fund value of 531,364).

Quarterly performance reports are provided by St James’ Place allowing the Executive Board to monitor performance of the investment, and a more detailed analysis is provided to the delegated committee annually by St James’ Place. The Institute’s investment policy sets out monitoring arrangements.

The intention of the investment is to generate a higher rate of earnings from existing reserves, but Trustees remain cautious in the level of risk taken. The income derived from the investment will supplement existing reserves and will ultimately be used to develop the organisation with a view to achieving the longer-term goals as set out in the IoL’s Strategic Plan.

Page 8

The Institute of Licensing (Limited by Guarantee)

Report of the Trustees for the Year Ended 31 March 2025

Reserves

The charity’s reserves at the end of 2024/25 were £ 1,108,709.

The IoL ‘s Reserves Policy is subject to regular review in line with budget setting. The policy sets out the contingency position and likely costs of winding up the company.

The reserves policy does not set out a growth reserves position but acknowledges that the growth aspirations of the organisation will require investment and that the position will be reviewed annually.

Subsidiaries

The Institute has a subsidiary trading company (the Institute of Licensing Events Ltd) which is VAT registered, and most national events are run by this company on behalf of the charity. Course fees are set with a view to ensuring that the event is cost effective while remaining affordable, particularly in the current financial climate.

The charity’s direct income is obtained through the payment of membership subscriptions with a percentage of the funds being paid back to the relevant regions in order to fund their activities. The working balance, despite membership income increasing year on year is insufficient to cover the operational costs of the charity. The subsidiary Events Company donates its net profits to the charity annually and this additional income is crucial to allow the charity to sustain itself and to enable growth and development for the benefit of the members. The Institute of Licensing Ltd is a director of the Events Company.

The activities of the Events Company are targeted toward ensuring that the events and training are necessary and desirable to promote the charity’s objectives generate a level of profit to enable investment in the promotion of the objectives and the longer-term sustainability of the organisation.

Going Concern

The Board of Trustees has reviewed the financial position of the Institute of Licensing Limited and its subsidiary the Institute of Licensing Events Ltd, including the financial projections for 2024/25 and is satisfied that there are sufficient funds at the date of signature of the financial statements to manage any foreseeable downturn in the UK and global economy.

The Board considers there is a reasonable expectation that IoL has adequate resources to continue in operational existence for the foreseeable future and the Board therefore continues to adopt the ‘going concern’ basis in preparing the financial statements.

Approved by order of the board of trustees on 3 October 2025 and signed on its behalf by:

‘ K Nicholls OBE - Trustee

Page 9

Independent Examiner's Report to the Trustees of The Institute of Licensing (Limited by Guarantee)

Independent examiner's report to the trustees of The Institute of Licensing (Limited by Guarantee) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. 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

  3. 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)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Richard Smedley The Institute of Chartered Accountants in England and Wales

Richard Smedley Limited Chartered Accountants & Registered Auditors Richmond House Lawnswood Business Park Redvers Close Leeds West Yorkshire LS16 6QY

3 October 2025

Page 10

The Institute of Licensing (Limited by Guarantee)

Statement of Financial Activities for the Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Membership activities
Investment income
3
Total
EXPENDITURE ON
Charitable activities
5
Membership activities
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.3.25
Unrestricted
fund
£
376,539
174,639
5,171
556,349
477,742
29,686
108,293
1,000,416
1,108,709		 31.3.24
Total
funds
£
268,291
173,143
4,662
446,096
429,356
57,895
74,635
925,781
1,000,416

The notes form part of these financial statements

Page 11

The Institute of Licensing (Limited by Guarantee)

Balance Sheet 31 March 2025

Notes
FIXED ASSETS
Investments
9
CURRENT ASSETS
Debtors
10
Investments
11
Cash at bank
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
TOTAL FUNDS		 31.3.25
Unrestricted
fund
£
1
849
553,176
561,286
1,115,311
(6,603)
1,108,708
1,108,709
1,108,709
1,108,709
1,108,709		 31.3.24
Total
funds
£
1
3,731
531,364
472,110
1,007,205
(6,790)
1,000,415
1,000,416
1,000,416
1,000,416
1,000,416

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 12

The Institute of Licensing (Limited by Guarantee)

Balance Sheet - continued

31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 3 October 2025 and were signed on its behalf by: id

K Nicholls OBE - Trustee

P J Andrews - Trustee

The notes form part of these financial statements

Page 13

The Institute of Licensing (Limited by Guarantee)

Cash Flow Statement
for the Year Ended 31 March 2025
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Interest received
Investment withdrawal
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.3.25
£
76,131
76,131
5,171
7,874
13,045
89,176
472,110
561,286		 31.3.24
£
14,791
14,791
4,662
-
4,662
19,453
452,657
472,110

The notes form part of these financial statements

Page 14

The Institute of Licensing (Limited by Guarantee)

Notes to the Cash Flow Statement

for the Year Ended 31 March 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Gain on investments
Interest received
Decrease in debtors
Decrease in creditors
Net cash provided by operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
£
Net cash
Cash at bank
472,110
472,110
Liquid resources
Deposits included in cash
-
Current asset investments
531,364
531,364
Total
**1,003,474 **		 31.3.25
£
108,293
(29,686)
(5,171)
2,882
(187)
76,131
Cash flow
£
89,176
89,176
-
21,812
21,812
110,988		 31.3.24
£
74,635
(57,895)
(4,662)
3,908
(1,195)
14,791
At 31.3.25
£
561,286
561,286
-
553,176
553,176
**1,114,462 **

The notes form part of these financial statements

Page 15

The Institute of Licensing (Limited by Guarantee)

Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

There have been no restricted funds to date.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Government grants

Government grants are accounted for under the performance model.

2. DONATIONS AND LEGACIES

Donations 31.3.25
£
376,539		 31.3.24
£
268,291

continued...

Page 16

The Institute of Licensing (Limited by Guarantee)

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Regional events
Membership activities
Membership activities
Members' subscriptions
5.
CHARITABLE ACTIVITIES COSTS
Membership activities
6.
SUPPORT COSTS
Membership activities
Support costs, included in the above, are as follows:
Trustees' remuneration etc
Accountancy
Legal fees
Payroll		 31.3.25
31.3.24
£
£
5,171
4,662
31.3.25
31.3.24
£
£
1,989
2,740
172,650
170,403
174,639
173,143
Support
Direct
costs (see
Costs
note 6)
Totals
£
£
£
467,782
9,960
477,742
Governance
costs
£
9,960
31.3.25
31.3.24
Membership
Total
activities
activities
£
£
3,489
2,899
3,594
3,594
1,210
-
1,667
1,657
9,960
8,150

continued...

Page 17

The Institute of Licensing (Limited by Guarantee)

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses
Trustees' expenses
8.
STAFF COSTS
Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Staff
No employees received emoluments in excess of £60,000.		 31.3.25
£
3,489
31.3.25
£
326,058
7,952
334,010
31.3.25
10		 31.3.24
£
2,899
31.3.24
£
315,506
7,964
323,470
31.3.24
10

9. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 April 2024 and 31 March 2025 1
NET BOOK VALUE
At 31 March 2025 1
At 31 March 2024 1

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Institute of Licensing Events Ltd

Registered office: Ridgeway, Upper Milton, Wells, Somerset,BA5 3AH Nature of business: Training company

%
Class of share:
holding
£1 Ordinary Shares
100
Aggregate capital and reserves
Profit for the year		 31.3.25
£
303,629
305,003		 31.3.24
£
375,165
376,539

continued...

Page 18

The Institute of Licensing (Limited by Guarantee)

Notes to the Financial Statements- continued
for the Year Ended 31 March 2025
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments
11.
CURRENT ASSET INVESTMENTS
Listed investments
Cost of listed investments at 31 March 2025 - £437,126.
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accrued expenses
13.
MOVEMENT IN FUNDS
At 1.4.24
£
Unrestricted funds
General fund
1,000,416
TOTAL FUNDS
1,000,416
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
556,349
(477,742)
TOTAL FUNDS
556,349
(477,742)		 31.3.25
£
701
148
849
31.3.25
£
553,176
31.3.25
£
1,748
763
4,092
6,603
Net
movement
in funds
£
108,293
108,293
Gains and
losses
£
29,686
29,686		 31.3.24
£
3,513
218
3,731
31.3.24
£
531,364
31.3.24
£
655
537
5,598
6,790
At
31.3.25
£
1,108,709
1,108,709
Movement
in funds
£
108,293
108,293

continued...

Page 19

The Institute of Licensing (Limited by Guarantee)

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.23
£
925,781
925,781		 Net
movement
At
in funds
31.3.24
£
£
74,635
1,000,416
74,635
1,000,416

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
446,096
446,096		 Resources
expended
£
(429,356)
(429,356)		 Gains and
Movement
losses
in funds
£
£
57,895
74,635
57,895
74,635

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.23
£
925,781
925,781		 Net
movement
in funds
£
182,928
182,928		 At
31.3.25
£
1,108,709
1,108,709

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
1,002,445
TOTAL FUNDS
1,002,445		 Resources
expended
£
(907,098)
(907,098)		 Gains and
Movement
losses
in funds
£
£
87,581
182,928
87,581
182,928

continued...

Page 20

The Institute of Licensing (Limited by Guarantee)

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

15. MEMBERS' LIABILITY

The company is limited by guarantee and in the event of the winding up of the company, the liability of each member is limited to a contribution of £1.

16. REGIONAL ACCOUNTS

East Midlands
Eastern
Home Counties
London
North East
North West
Northern Ireland
South East
South West
Wales
West Midlands
Scotland		 At
1.4.24
£
8,067
7,986
7,583
11,738
8,061
10,030
3,883
8,018
7,816
9,078
8,897
3,396
94,553		 Incoming
resources
£
292
-
250
-
250
-
-
-
250
-
125
822
1,989		 Resources
expended
£
(12,850)
(6,129)
(4,873)
(7,325)
(5,311)
(9,873)
-
(193)
(7,540)
(7,288)
(6,261)
(1,132)
(68,775)		 Transfer
(to)/from
central
funds
£
4,491
(1,857)
(2,960)
(4,413)
(3,000)
(157)
-
(7,825)
(526)
(1,790)
(2,761)
(3,086)
(23,884)		 At
31.3.25
£
-
-
-
-
-
-
3,883
-
-
-
-
-
3,883

Page 21

The Institute of Licensing (Limited by Guarantee)

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Detailed Statement of Financial Activities
for the Year Ended 31 March 2025
31.3.25 31.3.24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 376,539 268,291
Investment income
Deposit account interest 5,171 4,662
Charitable activities
Regional events 1,989 2,740
Members' subscriptions 172,650 170,403
174,639 173,143
Total incoming resources 556,349 446,096
EXPENDITURE
Charitable activities
Salaries & national insurance 326,058 315,506
Pensions 7,952 7,964
Insurance 662 1,174
Telephone 5,486 5,530
Postage and stationery 14 28
Sundries 2,089 1,513
Meeting expenses 3,103 3,627
Subscriptions 8,340 4,680
Consultancy 35,085 11,441
Staff training 1,608 -
Regional events 68,775 65,944
Publication contract 8,590 3,245
Bad debts 20 554
467,782 421,206
Support costs
Governance costs
Trustees' expenses 3,489 2,899
Accountancy 3,594 3,594
Legal fees 1,210 -
Payroll 1,667 1,657
9,960 8,150
Total resources expended 477,742 429,356
Net income 78,607 16,740

This page does not form part of the statutory financial statements

Page 22

Promoting Excellence in Licensing

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