2023-03-31-accounts - International Society For The Study Of Drug Policy (Issdp)

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INTERNATIONAL SOCIETY FOR THE STUDY OF DRUG POLICY (ISSDP) CHARITY REGISTERED NO. 1177654 RECEIPTS AND PAYMENTS ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2023

INTERNATIONAL SOCIETY FOR THE STUDY OF DRUG POLICY (ISSDP) CHARITY REGISTERED NO. NO. 1177654

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2023

REFERENCE AND ADMINISTRATIVE INFORMATION

The Charity is registered with the Charities Commission, its registration number is 1177654.

The principal office of the Charity is Manchester Metropolitan University All Saints Grosvenor Square Manchester M15 6BH.

TRUSTEES

The Trustees of the charity are:-

Dr B Kilmer (Acting President) Dr A O�Gorman Dr G Lasco Dr L Vandam Dr K Joe Prof AW Stevens Prof RL Pacula Dr C Hughes (Vice President) Dr J Collins Dr R Askew Prof P Reuter Dr R Queriolo (resigned 2023) Dr A Madrajo (resigned 2022) Dr K Lancaster (resigned 2023) Dr KD Kour (resigned 2023)

STRUCTURE, GOVERNANCE AND MANAGEMENT

The International Society for the Study of Drug Policy is a registered charity (charity number 1177654).

The trustees meet regularly to discuss the charity's progress, formulate general policy and plan seminars and conferences that promote the charity�s objectives. They are ultimately responsible for the day to day management of the charity, including the making, enforcing and altering of rules, and the authority for all expenditure. The current operational management of the charity is conducted by the trustees.

The income and property of the charity shall be applied solely towards the promotion of its objects as set out in its Trust Deed. No proportion thereof shall be paid or transferred, directly or indirectly, by way of bonus or otherwise by way or profit, to members of the charity. No member of the board of trustees shall be appointed to any office of the charity paid by way or salary or fees. Neither shall they receive any remuneration or other benefit in money or kind from the charity

Recruitment and Appointment of Trustees

Trustees are elected and/or re-elected in accordance with the provisions set out in the organisation's constitution. Elections take place every 2 years, while positions on the board as a trustee last 4 years.

OBJECTIVES AND ACTIVITIES

The International Society for the Study of Drug Policy (ISSDP) is a society of scholars committed to advancing drug policy research. The ISSDP's objectives are to:

~ Be a forum for high quality drug policy analysis.

~ Develop relations among drug policy analysts and thus strengthen the field.

~ Develop the scientific base for policy decisions.
~ Improve the interface between researchers and policy makers.

INTERNATIONAL SOCIETY FOR THE STUDY OF DRUG POLICY (ISSDP) CHARITY REGISTERED NO. NO. 1177654

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2023

We achieve this through our annual scholarly international conference. This event brings together many of the best known academics in the drug policy field with decision makers and policy-makers.

The ISSDP also supports emerging drug policy scholars, through scholarships to attend the annual scientific conference. Scholarships are available for doctoral students and scholars from developing countries and are advertised in the call for papers for each conference.

ISSDP also supports research through the availability of an online bibliography of grey literature relevant to drug policy.

ACHIEVEMENTS AND PERFORMANCE

For the year 2022/23, the ISSDP has approximately 235 members with membership growing year on year. An anonymous donor, donates $3,000 each year to be awarded as a prize to an outstanding researcher identified by an ISSDP committee for outstanding work published in the past 3 years, in addition to $500 stipend for the awardee to travel to a conference. A small ISSDP event was held in Lisbon in November, 2022 in lieu of our annual conference. The Research Scholar Award was announced at the event but the award funds were not distributed in this financial year.

FINANCIAL REVIEW

The attached receipts and payments accounts show the current state of the finances, which the Trustees considers to be acceptable. Total incoming resources were £18,596 (2022: £6,223) and total outgoing payments amounted to £14,746 (2022: £4,393), the net surplus for the year was £3,849. Unrestricted funds amounted to £15,566 (2022: £14,520), whilst restricted funds were £2,803 (2022 £nil) � the balance in restricted funds represents the unspent prize funds which was awarded in November 2022 but not paid out.

Reserves Policy

The ISSDP Organization does not have a formal reserves policy within it�s bylaws. Nonetheless, we have a historical precedent to retain £10,000 across our accounts to ensure ability to pay ongoing monthly activities that include website updates, grey literature ongoing research, and administrative support.

PUBLIC BENEFIT

The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the Charity�s aims and objectives and in planning the future activities of the Charity, These are shown above in the section 'Objectives and activities'.

TRUSTEES RESPONSIBILITIES

The responsibilities of the trustees are to :-

(1) keep proper accounting records that disclose with reasonable accuracy the financial position of the charity; (2) safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities;

(3) manage other daily activities of the charity that are voted upon by the membership.

Approved by the trustees and signed on their behalf by:

Beau Kilmer

Acting President

Date:

INTERNATIONAL SOCIETY FOR THE STUDY OF DRUG POLICY (ISSDP) CHARITY REGISTERED NO. 1177654

RECEIPTS AND PAYMENTS ACCOUNT 31 MARCH 2023

Receipts Memberships Conference Scholarships Donations Total receipts Payments Conference expenditure Scholarships expenditure Support costs Accountancy Travel Grants Other costs Sub total Asset and investment purchases Total payments Net of receipts/(payments) Transfers between funds Cash funds brought forward at 1 April 2022 Cash funds carried forward at 31 March 2023	Unrestricted Funds Restricted Funds Total 2023 Total 2022 15,385 - 15,385 2,227 - - - - - - - - - 3,211 3,211 3,996
	15,385 3,211 18,596 6,223
	7,459 - 7,459 - - - - - - - - 2,010 1,080 - 1,080 - 175 408 583 - - - - - 5,625 - 5,625 2,383
	14,339 408 14,747 4,393 - - - -
	14,339 408 14,747 4,393
	1,046 2,803 3,849 1,830 - - - - 14,520 - 14,520 12,690 15,566 2,803 18,369 14,520

INTERNATIONAL SOCIETY FOR THE STUDY OF DRUG POLICY (ISSDP) CHARITY REGISTERED NO. 1177654

STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2023

CASH FUNDS Current accounts Total cash funds OTHER MONETARY ASSETS Debtors Total LIABILITIES Accruals Total liabilities	Unrestricted Funds Restricted Funds Total 2023 Total 2022 15,566 2,803 18,369 14,520
	15,566 2,803 18,369 14,520 - - - -
	- - - - 570 - 570 1,080
	570 - 570 1,080

Approved by the Management Committee and signed on its behalf

Beau Kilmer Acting President

Date: